US Census Bureau Reports Residential Vacancies and Homeownership Statistics for Q2 2022

The US Census Bureau reported today (8-2-22) its Residential Vacancies and Homeownership statistics for the second quarter 2022.

According to the report, the national vacancy rates in Q2 were 5.6% for rental housing and 0.8% for homeowner housing. The rental vacancy rate was 0.6 percentage points lower than the rate in the Q2 of 2021, which was 6.2%, and not statistically different from the Q1 2022 rate of 5.8%. The homeowner vacancy rate of 0.8% was not statistically different from the rate in Q2 of 2021, which was 0.9%, and virtually unchanged from the Q2 2022 rate of 0.8%.

The homeownership rate of 65.8% was little changed from the Q2 2021 rate of 65.4% and slightly above the Q1 2022 rate of 65.4%.

In the Q2 of 2022, the median asking rent for vacant for-rent units was $1,314. The median asking sales price for vacant for sale units was $291,600.

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