U.S. Census Bureau Ranks Portland / Vancouver / Beaverton Nation’s 7th Lowest in Rental Vacancy Rates

The U.S. Census Bureau has reported 4th 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 seventh lowest vacancy rate – a slight increase in vacancy from the 3rd quarter 2009, increasing from 5.1% to 5.3%

Lowest vacancy rates were reported as follows:

• Springfield, MA 3.0%
• Bakersfield, CA 3.3%
• Boston-Cambridge-Quincy, MA-NH 3.7%
• Albany-Schenectady-Troy, NY 4.1%
• Columbus, OH 4.7%
• Honolulu, HI 5.2%
• Portland-Vancouver-Beaverton, OR-WA 5.3%
• Oxnard-Thousand Oaks-Ventura, CA 5.9%
• Alburquerque, NM 6.1%
• New York-Northern New Jersey-Long Island, NY 6.2%

 The MSA’s with the five highest vacancy rates were as follows:

• Louisville, KY-IN 20.2%
• Tulsa, OK 21.7%
• Dayton, OH 22.0%
• Orlando, FL 22.9%
• Memphis, TN-AR-MS 23.9%

Read the full report online.