CORRECTION 2: Oregon Hardest Hit Data: County Residential Postal Address Vacancy Rates, 4th Qtr 2009.

Correction 2:
Apparently,when I screw up I REALLY screw up. In looking carefully at the table I posted I realized that I omitted vacancies longer than 36 months. So, I have now revised the table to add those columns (label highlighted in red). This obviously CHANGES some of my prior conclusions, and I have changed the post text below accordingly.

The addition of columns also required me to change paper size to legal; you can confirm that you are looking at the correct version of the table by the inclusion in the label at the top which now begins with the line:
"2nd Correction: April 7th, Addition of 36+ Month Vacancies".
Table is at same address as before, HERE.

My apologies for the confusion this may have caused.
---------------------------

Correction: In looking through my table I noticed that I had not carried the formulas through below the Metro Portland level for the second and third columns to the right. I have now corrected the table (Title table shows APRIL 7th CORRECTION in first line). Thankfully none of the change effected the overall state or Portland Metro observations I previously made below, just the values of individual counties.

-----------------------------------------

One of the data sets to help HUD NSP grantees identify need and target program resources was Postal Service vacancy rate data. (HUD's NSP data page is HERE). HUD used the count and % of residential vacancies of 90 days or more.

The vacancy data available from HUD is now updated through the 4th Quarter 2009.

I have downloaded and analyzed that data for Oregon and created a county level summary in the 2 page PDF file HERE. (Link at bottom of page 2 of document shows HUD/USPS data source page).

Oregon Statewide Observations:

1. Statewide there were a total of nearly 31,679 reported residential vacancies lasting 90 days or more.
2. That means that 2.0 % of all statewide residential addresses (1,619,844) were vacant for 90 days or more.

5 county Portland metro area observations:

1. There were 14,946 residential addresses vacant for 90 days or more.
2. These addresses represented 47% of all residential addresses in the state that were vacant for 90 days or more. (14,946/31,679)
3. The 90 day + residential address vacancy rate in the 5 county Portland Metro area was 2.0% (14,946/764,975 ).
4. The ratio of the 5 Portland metro county 90 day + residential vacancy rate compared to the state 90 day + residential vacancy rate was 1.0 (2.0%/2.0%). I.E. The Portland Metro rate was the same as the state overall rate.
   

Originally created and posted on the Oregon Housing Blog