Vacancy Rate Calculator
Calculate vacancy rate percentage from vacant units and total units. Free, fast, and private.
How it works
Vacancy Rate = (Vacant Units ÷ Total Units) × 100. This measures the percentage of units that are currently empty and not generating rental income.
Example
2 vacant units ÷ 40 total units × 100 = 5% vacancy rate.
Market Benchmarks
Class A Properties: 5-10% (newer, well-located, premium amenities)
Class B Properties: 10-15% (good condition, decent locations)
Class C Properties: 15-25% (older properties, workforce housing)
Geographic markets and economic conditions significantly impact these ranges.
FAQ
What is a typical vacancy rate for rental properties?
Typical vacancy rates range from 5-15% depending on property class and market conditions. Class A properties often maintain 5-10% vacancy, Class B properties 10-15%, and Class C properties may see 15-25% vacancy rates.
How is vacancy rate different from occupancy rate?
Vacancy rate measures the percentage of empty units, while occupancy rate measures occupied units. They are complements: Vacancy Rate + Occupancy Rate = 100%.
What causes high vacancy rates?
High vacancy rates can result from overpricing, poor property condition, bad location, inadequate marketing, economic downturns, seasonal factors, or poor property management.
Should I budget for vacancy in my investment analysis?
Yes, always factor in vacancy allowance in your investment analysis. Even well-managed properties experience vacancy due to tenant turnover, maintenance periods, and market fluctuations. Budget 5-10% minimum.
Can vacancy rates be seasonal?
Yes, vacancy rates often fluctuate seasonally. College towns see higher vacancy in summer, while family housing may have lower vacancy during the school year. Resort areas have distinct seasonal patterns.