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Thursday, November 21, 2024

New Jersey ranked 20th in home vacancy rate in Q4 2021

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New Jersey's home vacancy rate was 20th in the U.S., with a home vacancy rate of 0.9 percent in the fourth quarter, according to the U.S. Census Bureau.

The home vacancy rate is the proportion of the homeowner inventory vacant and for sale at the time of the survey.

The Bureau compiles data from a sampling of approximately 72,000 occupied and vacant housing units across the country and District of Columbia. The bureau also collects information on homeownership vacancies and certain characteristics about housing units, such as the age of household members, family status, race/ethnicity and median family income.

Home Vacancy Rates by State in Q4 2021
RankStateHome vacancies
1District of Columbia2.1%
2Alaska1.8%
3Wyoming1.5%
4New York1.4%
5Illinois1.3%
5Missouri1.3%
5Oregon1.3%
5West Virginia1.3%
9Louisiana1.2%
10Arkansas1.1%
10Florida1.1%
10Indiana1.1%
10South Dakota1.1%
14Georgia1%
14Kansas1%
14Mississippi1%
14Montana1%
14North Dakota1%
14Texas1%
20Minnesota0.9%
20New Jersey0.9%
20Ohio0.9%
20Oklahoma0.9%
20South Carolina0.9%
20Tennessee0.9%
26Alabama0.8%
26Maryland0.8%
26Nebraska0.8%
29Arizona0.7%
29California0.7%
29Massachusetts0.7%
29Nevada0.7%
29New Hampshire0.7%
29Virginia0.7%
35Iowa0.6%
35North Carolina0.6%
35Rhode Island0.6%
35Washington0.6%
39Colorado0.5%
39Idaho0.5%
39Kentucky0.5%
39Michigan0.5%
39New Mexico0.5%
39Utah0.5%
45Delaware0.4%
45Hawaii0.4%
45Pennsylvania0.4%
48Connecticut0.3%
48Vermont0.3%
48Wisconsin0.3%
51Maine0.2%

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