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Thursday, November 21, 2024

South Dakota ranked fifth in nation with rental vacancy rate of 10.1% in Q4 2020

Re 4

South Dakota ranked fifth in the nation in the fourth quarter with a rental vacancy rate of 10.1 percent, according to the U.S. Census Bureau.

The rental vacancy rate is the proportion of the homeowner inventory 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 the 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 Q4

RankStateRental Vacancy Rate
1Indiana15.5%
2North Dakota13.6%
3South Carolina11.9%
4Kansas11.8%
5South Dakota10.1%
6District of Columbia9.9%
7Alabama9.6%
8Wyoming9.4%
9Iowa8.5%
9Illinois8.5%
11Texas7.8%
11Georgia7.8%
13Tennessee7.4%
13Missouri7.4%
15Virginia7.3%
15Mississippi7.3%
17West Virginia7.1%
17Hawaii7.1%
17Arkansas7.1%
20Ohio6.9%
20North Carolina6.9%
20Louisiana6.9%
20Florida6.9%
24Pennsylvania6.7%
25New York6.5%
26Oklahoma6.4%
27Nebraska6.2%
28Alaska5.8%
29Kentucky5.5%
30Utah5.4%
30Michigan5.4%
32Minnesota5.1%
32Massachusetts5.1%
32Delaware5.1%
35Oregon4.9%
35Maryland4.9%
35California4.9%
38Arizona4.6%
39Maine4.5%
39Connecticut4.5%
41Colorado4.4%
42New Mexico4.2%
42Idaho4.2%
44Washington3.8%
45New Jersey3.7%
46Vermont3.4%
46Montana3.4%
48Wisconsin3.2%
48Rhode Island3.2%
50Nevada3%
51New Hampshire1.9%

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