Rental Vacancy Rate for Alabama
ALRVAC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.10
Year-over-Year Change
-9.01%
Date Range
1/1/1986 - 1/1/2024
Summary
The Rental Vacancy Rate for Alabama measures the percentage of rental housing units that are vacant and available for rent in the state. This metric provides insight into the supply and demand dynamics of the 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 Alabama is a key indicator of the state's rental housing market health. It represents the share of rental units that are unoccupied and available for immediate occupancy. Economists and policymakers analyze this data to understand housing affordability and identify potential imbalances between rental supply and demand.
Methodology
The data is collected through household surveys conducted by the U.S. Census Bureau.
Historical Context
Rental vacancy rates are closely monitored by housing market analysts, real estate investors, and government agencies to inform policy decisions.
Key Facts
- Alabama's rental vacancy rate was 8.6% in 2022.
- Rental vacancy rates vary significantly across different regions of Alabama.
- High rental vacancy rates can signal an oversupply of rental housing units.
FAQs
Q: What does this economic trend measure?
A: The Rental Vacancy Rate for Alabama 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 in Alabama, which is crucial for understanding housing affordability and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Rental vacancy rates are closely monitored by housing market analysts, real estate investors, and government agencies to inform policy decisions related to housing affordability and market stability.
Q: Are there update delays or limitations?
A: The Rental Vacancy Rate for Alabama is updated quarterly by the U.S. Census Bureau, and there may be some delays in the data reporting.
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Citation
U.S. Federal Reserve, Rental Vacancy Rate for Alabama (ALRVAC), retrieved from FRED.