What is a vacancy rate?

A vacancy rate is a statistic that measures the percentage of rental homes in an area that are vacant, or empty at the time of counting. They help to assess activity in an area and determine rental demand.

What’s happening in the rental property market?

Vacancy rates help investors to understand what’s happening in the property market and assess whether or not buying a new rental property is worth it.

 

 

Related article: maintenance in a rental property