Rental Vacancy Rate for Rhode Island
RIRVAC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.60
Year-over-Year Change
-61.76%
Date Range
1/1/1986 - 1/1/2024
Summary
The Rental Vacancy Rate for Rhode Island measures the percentage of rental housing units that are vacant and available for rent. It is a key economic indicator for the state's housing and rental market conditions.
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 Rhode Island tracks the proportion of rental units that are unoccupied and actively listed for rent. This metric provides insights into the supply and demand dynamics of the state's rental housing market, which is crucial for analysts and policymakers.
Methodology
The data is collected through the U.S. Census Bureau's Housing Vacancy Survey.
Historical Context
The rental vacancy rate is used to assess the health of local housing markets and inform policies related to housing affordability and development.
Key Facts
- The current rental vacancy rate for Rhode Island is 5.8%.
- Rhode Island's rental vacancy rate is lower than the national average of 6.8%.
- Rental vacancy rates can impact rent prices and housing affordability in a given area.
FAQs
Q: What does the Rental Vacancy Rate for Rhode Island measure?
A: The Rental Vacancy Rate for Rhode Island measures the percentage of rental housing units that are vacant and available for rent in the state.
Q: Why is the Rental Vacancy Rate relevant for users or analysts?
A: The rental vacancy rate provides insights into the supply and demand dynamics of the Rhode Island housing market, which is crucial information for analysts, investors, and policymakers.
Q: How is the Rental Vacancy Rate data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Housing Vacancy Survey.
Q: How is the Rental Vacancy Rate used in economic policy?
A: The rental vacancy rate is used to assess the health of local housing markets and inform policies related to housing affordability and development.
Q: Are there any update delays or limitations for the Rental Vacancy Rate data?
A: The Rental Vacancy Rate data is published quarterly by the U.S. Census Bureau, with potential delays in data availability.
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Citation
U.S. Federal Reserve, Rental Vacancy Rate for Rhode Island (RIRVAC), retrieved from FRED.