The U.S. Census Bureau reports that the Portland/Vancouver /Beaverton vacancy rate fell from 4.0 percent in the first quarter of 2014 to 3.3 percent in the second quarter.
The Portland metro area had the 10th lowest vacancy rate among the top 75 U.S. Metropolitan Statistical Areas (MSAs).
Seattle-Tacoma-Bellevue, WA ranked #14 with at 4.4 percent, up 0.9 percent from the prior quarter.
MSA's with the lowest vacancy rates:
MSA's with the lowest vacancy rates:
- Worcester, MA - 1.5%
- Springfield, MA - 1.7%
- Oxnard-Thousand Oaks-Ventura, CA – 2.2%
- Louisville, KY-IN - 2.5%
- Albany-Schenectady-Troy, NY - 2.7% (Tie)
- Milwaukee-Waukesha-West Allis, WI - 2.7% (Tie)
- Allentown-Bethlehem-Easton, PA-NJ - 2.9%
- Hartford-West Hartford-East Hartford, CT - 3.0%
- San Francisco-Oakland-Fremont, CA – 3.1%
- Bakersfield, CA - 3.2%
- Portland-Vancouver-Beaverton, OR-WA - 3.3%
... - Seattle-Tacoma-Bellevue, WA – 4.4% (Tied for #14 with Honolulu, NYC)
- Syracuse, NY - 15.7%
- Toledo, OH - 15.1%
- Akron, OH - 15.1%
- Richmond, VA - 13.9%
- Orlando, FL - 13.5%
Homeownership rates fell to 64.7%, the lowest level in 20 years.
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