{"id":9,"date":"2022-09-26T05:58:23","date_gmt":"2022-09-26T05:58:23","guid":{"rendered":"https:\/\/www.nccor.org\/tools-econindicators\/?page_id=9"},"modified":"2022-10-04T12:16:32","modified_gmt":"2022-10-04T12:16:32","slug":"vacancy-rate-residential","status":"publish","type":"page","link":"https:\/\/www.nccor.org\/tools-econindicators\/healthy-economies\/vacancy-rate-residential\/","title":{"rendered":"Vacancy Rate (Residential)"},"content":{"rendered":"\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:40%\">\n<div class=\"wp-block-columns is-not-stacked-on-mobile is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:15%\">\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.nccor.org\/tools-econindicators\/wp-content\/uploads\/sites\/9\/2022\/09\/icon_afc_arrow-green.png\" alt=\"Arrow right\" class=\"wp-image-50\" width=\"37\" height=\"20\"\/><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:85%\">\n<h2 class=\"has-nccor-purple-color has-text-color wp-block-heading\" style=\"font-size:22px\"><strong>What does this indicator mean?<\/strong><\/h2>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:60%\">\n<p>The percentage of residential property that is unoccupied. A \u201cgood\u201d vacancy rate helps ensure neighborhoods are desirable and affordable and varies depending on the rental and housing market of a given town or city. Typically, this rate is between 5\u20138%.&nbsp;<\/p>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:40%\">\n<div class=\"wp-block-columns is-not-stacked-on-mobile is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:15%\">\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.nccor.org\/tools-econindicators\/wp-content\/uploads\/sites\/9\/2022\/09\/icon_afc_arrow-green.png\" alt=\"Arrow right\" class=\"wp-image-50\" width=\"37\" height=\"20\"\/><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:85%\">\n<h2 class=\"has-nccor-purple-color has-text-color wp-block-heading\" style=\"font-size:22px\"><strong><strong>How is this indicator useful for creating and measuring activity-friendly places?<\/strong><\/strong><\/h2>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:60%\">\n<ul class=\"wp-block-list\"><li>To determine a balanced number of units available and unavailable in a community.<\/li><li>To identify causes of unusually low average vacancy rates (e.g., housing shortages; high percentage of short-term vacation rentals) or high average vacancy rates (e.g., unappealing to renters or oversupply of units) and develop programs to address the causes.<\/li><\/ul>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:40%\">\n<div class=\"wp-block-columns is-not-stacked-on-mobile is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:15%\">\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.nccor.org\/tools-econindicators\/wp-content\/uploads\/sites\/9\/2022\/09\/icon_afc_arrow-green.png\" alt=\"Arrow right\" class=\"wp-image-50\" width=\"37\" height=\"20\"\/><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:85%\">\n<h2 class=\"has-nccor-purple-color has-text-color wp-block-heading\" style=\"font-size:22px\"><strong><strong><strong>What would help the most people benefit from this indicator?<\/strong><\/strong><\/strong><\/h2>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:60%\">\n<ul class=\"wp-block-list\"><li>Empower community residents to identify solutions and make decisions on how to revitalize their communities.<\/li><li>Encourage developers to build affordable housing based on community needs and context.<\/li><li>Establish \u201cJust-Cause\u201d eviction ordinances to protect current tenants.<\/li><li>Convene a coalition across different sectors (e.g., public, private, nonprofit, policy) and the community at-large to ensure that redevelopment serves the community\u2019s interest.<\/li><li>Provide a range of housing sizes, types, and costs (see \u201chousing affordability\u201d).<\/li><li>Consider a higher property tax rate on vacant houses and\/or short term vacation rentals.<\/li><\/ul>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>What does this indicator mean? The percentage of residential property that is unoccupied. A \u201cgood\u201d vacancy rate helps ensure neighborhoods are desirable and affordable and varies depending on the rental and housing market of a given town or city. Typically, this rate is between 5\u20138%.&nbsp; How is this indicator useful for creating and measuring activity-friendly &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.nccor.org\/tools-econindicators\/healthy-economies\/vacancy-rate-residential\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Vacancy Rate (Residential)&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":85,"parent":28,"menu_order":20,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"class_list":["post-9","page","type-page","status-publish","has-post-thumbnail","hentry"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.8 - aioseo.com -->\n\t<meta name=\"description\" content=\"What does this indicator mean? The percentage of residential property that is unoccupied. A \u201cgood\u201d vacancy rate helps ensure neighborhoods are desirable and affordable and varies depending on the rental and housing market of a given town or city. Typically, this rate is between 5\u20138%. 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