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Thursday, November 21, 2024

South Dakota ranked seventh in nation with rental vacancy rate of 8.7% in Q2 2021

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South Dakota ranked seventh in the nation in the second quarter with a rental vacancy rate of 8.7 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 Q2

RankStateRental Vacancy Rate
1North Dakota12.9%
2Alabama12.8%
3District of Columbia11%
4Missouri10.4%
5Mississippi10.1%
6Minnesota8.9%
7South Dakota8.7%
8Kansas8.3%
9Illinois8%
10Texas7.9%
11Indiana7.8%
12Tennessee7.6%
12Iowa7.6%
14Wyoming7.5%
14Florida7.5%
16New York6.8%
16Kentucky6.8%
16Hawaii6.8%
16Arkansas6.8%
20South Carolina6.6%
21Pennsylvania6.5%
21Ohio6.5%
21New Mexico6.5%
24Louisiana6.1%
25West Virginia6%
26Michigan5.9%
27Georgia5.5%
28Oklahoma5.4%
28Connecticut5.4%
30Washington5.3%
31Nebraska5.2%
32Maryland4.8%
32California4.8%
34Oregon4.7%
34Arizona4.7%
36Utah4.6%
37Massachusetts4.5%
38Virginia4.4%
38North Carolina4.4%
40Montana4.3%
41Nevada4.2%
42Colorado4.1%
43Idaho4%
44Alaska3.9%
45Delaware3.8%
46Wisconsin3.5%
46New Jersey3.5%
48New Hampshire3%
49Maine2.5%
50Rhode Island2.2%
51Vermont1.8%

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