Monday, July 30, 2018

Oregon's 2nd Qtr Estimated Rental Vacancy Rate Ranked the Lowest in the Country in 4 of the Last 10 Years, But Not Any More. y

The Census released the 2nd Qtr. vacancy and homeownership estimates last week HERE

The data shows that the 2nd Qtr. Oregon rental vacancy estimate is 6.1%. That is down from 6.9% in the 2nd Qtr. of 2017, but that decrease is not statistically significant as it is within the margin of error. 

I went back for the last 10 years and prepared a graph that shows the estimated 2nd Qtr. rental vacancy rate for Oregon AND it's low to high vacancy rate ranking vs other states. 

2nd Quarter Estimated Rental Vacancy Rate RANKING Observations:
  1. In 4 of the last 10 years (2009, 2011,2013, and 2014) ZERO states had an estimated LOWER rental vacancy rate than Oregon. 
  2. By 2017, 17 states had an estimated lower rental vacancy rate than Oregon.
  3. In 2018, 19 states had an estimated lower rental vacancy rate than Oregon. 

Originally created and posted on the Oregon Housing Blog

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