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10 Highest Rental Vacancy Rates for Large U.S. Metro Areas

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posted 24 Feb 2009by , Senior ProducerThe latest data on rental vacancies (a component of the index of leading economic indicators) from the U.S. Census Bureau helps paint a grim statistical picture of the current economic climate. Nationally in the fourth quarter of 2008, rental vacancy rates remained quite elevated at 10.1%. We've filtered through the data on the 75 largest metropolitan areas, to find those that are being hit the hardest by rental vacancies. Is your metro area on the list?Rela

posted 24 Feb 2009
by Brian Beers, Senior Producer

The latest data on rental vacancies (a component of the index of leading economic indicators) from the U.S. Census Bureau helps paint a grim statistical picture of the current economic climate. Nationally in the fourth quarter of 2008, rental vacancy rates remained quite elevated at 10.1%.

We've filtered through the data on the 75 largest metropolitan areas, to find those that are being hit the hardest by rental vacancies. Is your metro area on the list?

Related:
- 10 Highest Homeowner Vacancy Rates
- Million Dollar Homes Across America
- Financial Crisis Then & Now

#10 Austin, TX: 15.8%

(Source: * Based on Rental Vacancy Rates for the 75 Largest Metropolitan  Statistical Areas for the Fourth Quarter of 2008)Metro area includes: Austin, Round Rock
Photo: iStockphoto

(Source: U.S. Census Bureau* Based on Rental Vacancy Rates for the 75 Largest Metropolitan  Statistical Areas for the Fourth Quarter of 2008)

Metro area includes: Austin, Round Rock

#9 Las Vegas, NV: 16.0%

(Source: * Based on Rental Vacancy Rates for the 75 Largest Metropolitan  Statistical Areas for the Fourth Quarter of 2008)Metro area includes: Las Vegas, Paradise
Photo: AP

(Source: U.S. Census Bureau* Based on Rental Vacancy Rates for the 75 Largest Metropolitan  Statistical Areas for the Fourth Quarter of 2008)

Metro area includes: Las Vegas, Paradise

#8 Atlanta, GA: 16.1%

(Source: * Based on Rental Vacancy Rates for the 75 Largest Metropolitan  Statistical Areas for the Fourth Quarter of 2008)Metro area includes: Atlanta, Sandy Springs, Marietta
Photo: AP

(Source: U.S. Census Bureau* Based on Rental Vacancy Rates for the 75 Largest Metropolitan  Statistical Areas for the Fourth Quarter of 2008)

Metro area includes: Atlanta, Sandy Springs, Marietta

#7 Cleveland, OH: 16.8%

(Source: * Based on Rental Vacancy Rates for the 75 Largest Metropolitan  Statistical Areas for the Fourth Quarter of 2008)Metro area includes: Cleveland, Elyria, Mentor
Photo: AP

(Source: U.S. Census Bureau* Based on Rental Vacancy Rates for the 75 Largest Metropolitan  Statistical Areas for the Fourth Quarter of 2008)

Metro area includes: Cleveland, Elyria, Mentor

#6 Indianapolis, IN: 17.1%

(Source: * Based on Rental Vacancy Rates for the 75 Largest Metropolitan  Statistical Areas for the Fourth Quarter of 2008)
Photo: iStockphoto

(Source: U.S. Census Bureau* Based on Rental Vacancy Rates for the 75 Largest Metropolitan  Statistical Areas for the Fourth Quarter of 2008)

#5 Phoenix, AZ: 19.0%

(Source: * Based on Rental Vacancy Rates for the 75 Largest Metropolitan  Statistical Areas for the Fourth Quarter of 2008)Metro area includes: Phoenix, Mesa and Scottsdale
Photo: AP

(Source: U.S. Census Bureau* Based on Rental Vacancy Rates for the 75 Largest Metropolitan  Statistical Areas for the Fourth Quarter of 2008)

Metro area includes: Phoenix, Mesa and Scottsdale

#4 Memphis, TN: 19.6%

(Source: * Based on Rental Vacancy Rates for the 75 Largest Metropolitan  Statistical Areas for the Fourth Quarter of 2008)
Photo: iStockphoto

(Source: U.S. Census Bureau* Based on Rental Vacancy Rates for the 75 Largest Metropolitan  Statistical Areas for the Fourth Quarter of 2008)

#3 Detroit, MI: 19.9%

(Source: * Based on Rental Vacancy Rates for the 75 Largest Metropolitan  Statistical Areas for the Fourth Quarter of 2008)Metro area includes: Detroit, Warren and Livonia
Photo: iStockphoto

(Source: U.S. Census Bureau* Based on Rental Vacancy Rates for the 75 Largest Metropolitan  Statistical Areas for the Fourth Quarter of 2008)

Metro area includes: Detroit, Warren and Livonia

#2 Dayton, OH: 21.7%

(Source: * Based on Rental Vacancy Rates for the 75 Largest Metropolitan  Statistical Areas for the Fourth Quarter of 2008)
Photo: iStockphoto

(Source: U.S. Census Bureau* Based on Rental Vacancy Rates for the 75 Largest Metropolitan  Statistical Areas for the Fourth Quarter of 2008)

#1 Richmond, VA: 23.7%

(Source: * Based on Rental Vacancy Rates for the 75 Largest Metropolitan  Statistical Areas for the Fourth Quarter of 2008)- Related:- - -
Photo: iStockphoto

(Source: U.S. Census Bureau* Based on Rental Vacancy Rates for the 75 Largest Metropolitan  Statistical Areas for the Fourth Quarter of 2008)

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Related:
- 10 Highest Homeowner Vacancy Rates
- Million Dollar Homes Across America
- Financial Crisis Then & Now