Home Vacancy Rate for Ohio
OHHVAC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.60
Year-over-Year Change
-64.71%
Date Range
1/1/1986 - 1/1/2024
Summary
The Home Vacancy Rate for Ohio measures the percentage of vacant housing units in the state. This indicator provides insight into housing market conditions and demand trends.
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 Home Vacancy Rate for Ohio tracks the share of unoccupied housing units across the state. It serves as an important barometer for assessing housing supply, affordability, and demographic shifts within Ohio's real estate market.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
Policymakers and real estate analysts use this metric to guide housing and urban development strategies.
Key Facts
- Ohio's home vacancy rate was 13.2% as of the latest data.
- Vacancy rates tend to be higher in urban areas compared to rural regions.
- Declining vacancy can signal tight housing supply and rising prices.
FAQs
Q: What does this economic trend measure?
A: The Home Vacancy Rate for Ohio measures the percentage of housing units in the state that are unoccupied or vacant.
Q: Why is this trend relevant for users or analysts?
A: The home vacancy rate provides insights into housing market conditions, supply and demand imbalances, and demographic trends within Ohio.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's American Community Survey.
Q: How is this trend used in economic policy?
A: Policymakers and real estate analysts use this metric to guide housing and urban development strategies within Ohio.
Q: Are there update delays or limitations?
A: The home vacancy data is updated annually and may have a 1-2 year lag from the current period.
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Citation
U.S. Federal Reserve, Home Vacancy Rate for Ohio (OHHVAC), retrieved from FRED.