Rental Vacancy Rate for North Dakota
NDRVAC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.80
Year-over-Year Change
13.04%
Date Range
1/1/1986 - 1/1/2024
Summary
The Rental Vacancy Rate for North Dakota measures the percentage of rental housing units that are vacant and available for rent in the state. This metric is a key indicator of the rental housing market and can inform economic and policy decisions.
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 tracks the supply-demand balance in the rental housing market. It represents the share of rental units that are unoccupied and actively listed for rent. This data is used by economists, policymakers, and real estate analysts to assess housing market conditions and trends.
Methodology
The data is collected through the U.S. Census Bureau's Current Population Survey/Housing Vacancy Survey.
Historical Context
Rental vacancy rates are closely monitored by the Federal Reserve and other institutions to gauge inflationary pressures and guide housing and monetary policies.
Key Facts
- North Dakota's rental vacancy rate was 8.5% as of the latest data.
- Rental vacancy rates tend to be lower in fast-growing states like North Dakota.
- High rental vacancy signals a loosening housing market, while low rates indicate tight conditions.
FAQs
Q: What does this economic trend measure?
A: The Rental Vacancy Rate for North Dakota 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 insight into the supply and demand dynamics of the rental housing market, which is crucial for economic and policy analysis.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Current Population Survey/Housing Vacancy Survey.
Q: How is this trend used in economic policy?
A: Rental vacancy rates are closely monitored by the Federal Reserve and other institutions to gauge inflationary pressures and guide housing and monetary policies.
Q: Are there update delays or limitations?
A: The Rental Vacancy Rate for North Dakota is updated quarterly, with some potential for delays in data reporting.
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Citation
U.S. Federal Reserve, Rental Vacancy Rate for North Dakota (NDRVAC), retrieved from FRED.