Multifamily vacancy rate in the U.S. 2024, by market

Published by Statista Research Department, Sep 4, 2024

In the second quarter of 2024, the vacancy rate for multifamily real estate in 10 markets stood below five percent. While the average for the country amounted to 8.6 percent, in New York, this figure stood at 2.9 percent. The average vacancy rate in the multifamily sector dipped in 2021 and 2022, but has since gradually increased.

Multifamily vacancy rates in the United States in 2nd quarter 2024, by market

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Release date

July 2024

Region

United States

Survey time period

Q2 2024

Supplementary notes

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Topics

Multifamily homes in the U.S.Housing market in the U.S.Affordable housing in the U.S.Residential real estate in New YorkLuxury residential real estate in North America
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