Rental Vacancy Rate for Montana
MTRVAC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.20
Year-over-Year Change
-28.81%
Date Range
1/1/1986 - 1/1/2024
Summary
The Rental Vacancy Rate for Montana tracks the percentage of rental housing units that are vacant and available for rent in the state. This indicator provides valuable insights into the overall health and supply-demand dynamics of the Montana rental housing market.
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 Montana is a key economic indicator that measures the percentage of rental housing units that are vacant and available for rent in the state. This metric is widely used by policymakers, housing analysts, and real estate professionals to assess the balance between supply and demand in the rental market and inform decisions around housing policy, construction, and investment.
Methodology
The data is collected through the U.S. Census Bureau's quarterly Current Population Survey/Housing Vacancy Survey.
Historical Context
The Rental Vacancy Rate is an important consideration for policymakers and market participants in evaluating the overall health and stability of the housing sector.
Key Facts
- The Montana rental vacancy rate has averaged around 5.5% over the past decade.
- High rental vacancy rates can indicate an oversupply of rental units and weaker demand.
- Low rental vacancy rates suggest tight housing markets and potential affordability challenges.
FAQs
Q: What does this economic trend measure?
A: The Rental Vacancy Rate for Montana tracks 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: The rental vacancy rate is a key indicator of the supply-demand balance in the housing market, providing valuable insights for policymakers, real estate professionals, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's quarterly Current Population Survey/Housing Vacancy Survey.
Q: How is this trend used in economic policy?
A: The Rental Vacancy Rate for Montana is used by policymakers and housing market participants to evaluate the overall health and stability of the state's rental housing sector, informing decisions around housing policy, construction, and investment.
Q: Are there update delays or limitations?
A: The Rental Vacancy Rate for Montana is published quarterly, with a typical release delay of 2-3 months from the end of the reference period.
Related Trends
All Employees: Health Care: Ambulatory Health Care Services in Montana
SMU30000006562100001A
Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Montana
SMU30000004000000011
Personal Consumption Expenditures: Nondurable Goods: Gasoline and Other Energy Goods for Montana
MTPCEGAS
Value of Exports to Poland from Montana
MTPOLA052SCEN
Gross Domestic Product: Performing Arts, Spectator Sports, Museums, and Related Activities (711-712) in Montana
MTPRFRMSPRTMSMNGSP
Gross Domestic Product: Support Activities for Mining (213) in Montana
MTSAMINNGSP
Citation
U.S. Federal Reserve, Rental Vacancy Rate for Montana (MTRVAC), retrieved from FRED.