The Census Bureau said Q3 rates were not statistically different from the prior quarter
![Homeownership, residential vacancy rates steady in Q3](https://cdn-res.keymedia.com/cdn-cgi/image/w=1000,h=600,f=auto/https://us.res.keymedia.com/files/image/iStock_Apartment_Key_condo_Home_Ownership-000002952696_Small.jpg)
The rates of homeownership and rental and homeowner vacancies during the third quarter were not statistically different from second-quarter rates, according to statistics released by the Census Bureau.
The homeowner vacancy rate was 1.6% during the quarter, a slight increase from the 1.5% rate in the second quarter. The homeowner vacancy rate in the third quarter of 2016 was 1.8%.
For rentals, the vacancy rate was 7.5%. The figure is a slight increase from the 7.3% rate in the second quarter and is 0.7 percentage points higher than the 6.8% rate in the year-ago period.
The homeownership rate was 63.9% during the third quarter, up slightly from both the 63.7% rate in the second quarter and the 63.5% rate in the third quarter of 2016.
According to the Census Bureau, the median asking rent for vacant for rent units in the third quarter was $912, while the median asking sales price for vacant for sale units was $187,300.
The Northeast region recorded the highest homeowner vacancy rate at 1.9%. This rate was 1.8% in the South, 1.4% in the Midwest, and 1.2% in the West. In terms of rental vacancy rates, the South had the highest third-quarter rate at 9.4%. The Midwest followed with 8.1%, with the West having 5.8% and the Northeast having 5.5%.
Across the US, approximately 87.1% of housing units were occupied during the quarter, while 12.9% were vacant. Of all housing units, owners occupied 55.7%, while renters occupied 31.4%.
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The homeowner vacancy rate was 1.6% during the quarter, a slight increase from the 1.5% rate in the second quarter. The homeowner vacancy rate in the third quarter of 2016 was 1.8%.
For rentals, the vacancy rate was 7.5%. The figure is a slight increase from the 7.3% rate in the second quarter and is 0.7 percentage points higher than the 6.8% rate in the year-ago period.
The homeownership rate was 63.9% during the third quarter, up slightly from both the 63.7% rate in the second quarter and the 63.5% rate in the third quarter of 2016.
According to the Census Bureau, the median asking rent for vacant for rent units in the third quarter was $912, while the median asking sales price for vacant for sale units was $187,300.
The Northeast region recorded the highest homeowner vacancy rate at 1.9%. This rate was 1.8% in the South, 1.4% in the Midwest, and 1.2% in the West. In terms of rental vacancy rates, the South had the highest third-quarter rate at 9.4%. The Midwest followed with 8.1%, with the West having 5.8% and the Northeast having 5.5%.
Across the US, approximately 87.1% of housing units were occupied during the quarter, while 12.9% were vacant. Of all housing units, owners occupied 55.7%, while renters occupied 31.4%.
Related stories:
Vacant property rate posts slight decline in Q3
Moderate growth expected for commercial real estate