Census Bureau: Rental, Homeowner Vacancy Rates Increase Slightly

(Illustration courtesy of the census Bureau)

The national vacancy rate for rental and owned homes increased slightly during the third quarter, the Census Bureau reported.

The bureau’s Quarterly Residential Vacancies and Homeownership report for the third quarter said the rental vacancy rate increased 30 basis points to 6.6 percent between July and September. The rental vacancy rate equaled 6.0 percent in the second quarter of 2022.

The homeowner vacancy rate equaled 0.8 percent, slightly higher than the second quarter’s rate of 0.7 percent, the report said.

The homeownership rate of 66.0 percent was virtually the same as the rate in the third quarter 2022 (66.0 percent) and not statistically different from the rate in the second quarter 2023 (65.9 percent), Census reported.