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County-wide Rental Apartment Vacancy Rate

Current Value

0.60%

2022

Definition

Line Bar Comparison

Story Behind the Curve

Chittenden County is below a healthy rental vacancy rate. The long-term market vacancy rate in Chittenden County is 1.8%. While the rate hit 3% in 2015 and 2016; it has been below that for the last 4 years. It increases slightly with higher new construction, but those new apartments are absorbed quickly. This indicates that there is still too little supply. Housing experts target a 3 to 5% rate to yield a healthy market for renters and owners alike.

Why Is This Important?

In general, a healthy rental market should have a vacancy rate between 3% and 5%.

Clear Impact Suite is an easy-to-use, web-based software platform that helps your staff collaborate with external stakeholders and community partners by utilizing the combination of data collection, performance reporting, and program planning.

Scorecard Container Measure Action Actual Value Target Value Tag S A m/d/yy m/d/yyyy