U.S. Census Bureau Ranks Portland / Vancouver / Beaverton Market 3rd Lowest in Rental Vacancy Rates
The U.S. Census Bureau has reported 3rd quarter vacancy rate estimates for the top 75 U.S. Metropolitan Statistical Areas (MSAs). The Portland/ Vancouver/ Beaverton area ranked as having the nation’s third lowest vacancy rate.
Lowest vacancy rates were reported as follows:
- Springfield, MA 1.8%
- Grand Rapids-Wyoming, MI 4.5%
- Portland-Vancouver-Beaverton, OR-WA 5.1%
- Nashville-Davidson-Murfreesboro, TN 5.7%
- New York-Northern New Jersey-Long Island, NY 6.1%
- Oxnard-Thousand Oaks-Ventura, CA 6.1%
- Providence-New Bedford-Fall River RI-MA 6.4%
- Boston-Cambridge-Quincy, MA-NH 6.7%
- New Haven-Milford, CT 7.1%
- Virginia Beach-Norfolk-Newport News, VA 7.1%
- Los Angeles-Long Beach-Santa Ana, CA 7.2%
The MSA’s with the five highest vacancy rates were as follows:
- Orlando, FL 28.1%
- Memphis, TN-AR-MS 26.0%
- New Orleans-Metairie-Kenner, LA 21.3%
- Greensboro-High Point, NC 19.9%
- Richmond, VA 19.7%
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