Rental Vacancy Rate for Arizona
AZRVAC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.80
Year-over-Year Change
-22.81%
Date Range
1/1/1986 - 1/1/2024
Summary
The Rental Vacancy Rate for Arizona measures the percentage of rental housing units that are vacant and available for rent. It provides insights into the supply and demand dynamics of the rental housing market in the state.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Rental Vacancy Rate for Arizona is a key indicator of the health and balance of the state's rental housing market. It tracks the availability of rental units, which is important for understanding housing affordability, migration patterns, and the broader economic conditions in Arizona.
Methodology
The data is collected through the U.S. Census Bureau's Current Population Survey and Housing Vacancy Survey.
Historical Context
Policymakers and real estate analysts use this metric to inform housing and urban development policies, as well as to assess the investment climate for rental properties.
Key Facts
- Arizona's rental vacancy rate was 6.7% as of the latest data.
- Rental vacancy rates vary significantly by region within the state.
- Declining rental vacancy rates can signal increasing housing costs and affordability challenges.
FAQs
Q: What does this economic trend measure?
A: The Rental Vacancy Rate for Arizona measures the percentage of rental housing units in the state that are vacant and available for rent.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the supply and demand dynamics of the rental housing market, which is important for understanding housing affordability, migration patterns, and broader economic conditions in Arizona.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Current Population Survey and Housing Vacancy Survey.
Q: How is this trend used in economic policy?
A: Policymakers and real estate analysts use this metric to inform housing and urban development policies, as well as to assess the investment climate for rental properties in Arizona.
Q: Are there update delays or limitations?
A: The rental vacancy rate data is published quarterly, and there may be a lag of several months between the reference period and the release of the data.
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Citation
U.S. Federal Reserve, Rental Vacancy Rate for Arizona (AZRVAC), retrieved from FRED.