Rental Vacancy Rate

Rental Vacancy Rate in the United States

View on FRED · RRVRUSQ156N ↗

7.60%

—

yoy

▲ 7.04%

41 obs · quarterly · percent── 1y ago 7.10%

What it is

Direct read on rent pricing power. Low vacancy = you can raise rent.

source: FRED
frequency: quarterly
units: percent
s.a.: no

What it’s telling us · as of 2026-07-01

Vacancy hits 7.6%, up 50 basis points from a year ago and the highest read in this data window — the tightening story has reversed. You're watching the rent-raise ceiling come down in real time: at these levels, concessions start beating nominal rent growth, and any tenant with options has them. If you're renewing leases this summer, the math flipped from "how much can I push" to "how much can I hold without turning the unit."

⟡ auto-generated weekly · claude-haiku-4-5 · reviewed before publish

Related metrics

Get the data

Python · fredapi

"""
Rental Vacancy Rate — Direct read on rent pricing power. Low vacancy = you can raise rent.
Freq: quarterly · Source: FRED
"""
from fredapi import Fred

fred = Fred(api_key="YOUR_FRED_API_KEY")
series = fred.get_series("RRVRUSQ156N")
print(series.tail())

LLM prompt

You are analyzing FRED series RRVRUSQ156N — Rental Vacancy Rate in the United States.

Context: Direct read on rent pricing power. Low vacancy = you can raise rent.

Attributes
- Units: percent
- Frequency: quarterly
- Source: FRED

Latest observation: 7.60% as of 2026-07-01
Year-over-year change: +7.04%

Analyze this metric for a tech-forward real estate investor with 1–3 properties. What is it signaling right now? What should I watch next?