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Burlington and Winooski Rental Apartment Vacancy Rate (Metro)
Current Value
0.8%
Definition
Comparison
Story Behind the Curve
The urban vacancy rate has declined since 2016 and is now below the healthy market threshold of between 3% and 5%. Click the Toggle Comparison button to view the vacancy rate for the non-metro area.
Why Is This Important?
In general, a healthy rental market should have a vacancy rate between 3% and 5%.
Note on Methodology
Allen and Brooks conducts a vacancy survey in June and December of each year. The current vacancy rate is an average of the June and December counts. The survey only considers market rate apartments and age-restricted apartment. Senior living facilities which offer meals and other services are not included.
Partners
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.