Home Vacancy Rate for Minnesota
MNHVAC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.40
Year-over-Year Change
-76.47%
Date Range
1/1/1986 - 1/1/2024
Summary
The Home Vacancy Rate for Minnesota tracks the percentage of residential properties in the state that are unoccupied. This metric provides insight into housing market conditions and can inform 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 Home Vacancy Rate for Minnesota measures the proportion of housing units in the state that are vacant and not occupied by a resident. This statistic is an important indicator of supply and demand in the local housing market.
Methodology
The data is collected through surveys and census information by the U.S. Census Bureau.
Historical Context
Policymakers and real estate analysts monitor this trend to assess housing market trends and support informed decision-making.
Key Facts
- Minnesota's home vacancy rate was 5.2% as of the most recent data.
- Vacancy rates are typically higher in rural areas compared to urban centers.
- Declining vacancy rates can signal increasing housing demand and tightening markets.
FAQs
Q: What does the Home Vacancy Rate for Minnesota measure?
A: The Home Vacancy Rate for Minnesota tracks the percentage of residential properties in the state that are unoccupied and not in use.
Q: Why is the Home Vacancy Rate relevant for users or analysts?
A: The home vacancy rate provides insights into housing supply and demand dynamics, which is useful for policymakers, real estate investors, and economic analysts.
Q: How is the Home Vacancy Rate data collected or calculated?
A: The data is collected through surveys and census information by the U.S. Census Bureau.
Q: How is the Home Vacancy Rate used in economic policy?
A: Policymakers and housing market analysts monitor the home vacancy rate to assess market conditions and support informed decision-making.
Q: Are there update delays or limitations with this data?
A: The Home Vacancy Rate data is updated periodically, and there may be some delays in reporting due to the survey-based methodology.
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Citation
U.S. Federal Reserve, Home Vacancy Rate for Minnesota (MNHVAC), retrieved from FRED.