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Sunday, November 24, 2024

South Dakota ranked ninth in nation with rental vacancy rate of 9.5% in 2019

Realestate4

South Dakota ranked ninth in the nation throughout 2019 with a rental vacancy rate of 9.5 percent, according to the U.S. Census Bureau.

The rental vacancy rate is the proportion of the homeowner inventory that is vacant for rent at the time of the survey.

Vacancy rates are a leading economic indicator used by economic forecasters and the federal government to gauge the current economic climate.

The bureau compiles data from a sampling of approximately 72,000 occupied and vacant housing units across the country and District of Columbia. The bureau also collects information on homeownership vacancies, as well as certain characteristics about housing units, such as the age of household members, family status, race/ethnicity and median family income.

Rental Vacancy Rates by State in 2019

RankStateRental Vacancy Rate
1Alabama12.6%
2Kansas11.8%
3North Dakota11.6%
4South Carolina10.8%
5Louisiana10.7%
6Tennessee10.1%
7Oklahoma10%
8Arkansas9.6%
9Texas9.5%
9South Dakota9.5%
11Missouri9.3%
12Mississippi8.7%
13Kentucky8.5%
14Florida8.4%
15Wyoming8.1%
15Maryland8.1%
17Georgia7.6%
18Illinois7.5%
18Alaska7.5%
20Hawaii7.4%
21Pennsylvania7.2%
22New Mexico7.1%
23Virginia7%
24Michigan6.8%
25North Carolina6.7%
25Iowa6.7%
25Indiana6.7%
28Nebraska6.5%
29Ohio6.4%
30Delaware6.3%
31District of Columbia6%
32West Virginia5.8%
32Nevada5.8%
32Arizona5.8%
35Connecticut5.6%
36New York5.2%
37Oregon5.1%
38Montana5%
38Minnesota5%
40Wisconsin4.8%
41Idaho4.5%
42Vermont4.4%
43New Jersey4.2%
43California4.2%
45Washington4.1%
45Maine4.1%
45Colorado4.1%
48New Hampshire4%
49Rhode Island3.9%
50Utah3.8%
51Massachusetts3.6%

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