Why it matters
Vacancy rates offer a broad measure of rental-market conditions, but this release alone does not establish whether rents or housing costs will fall. Renters, landlords and housing businesses may be affected differently across regions.
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The Census Bureau reported a 7.6% rental vacancy rate in the third quarter of 2026, higher than in the same quarter of 2025. Rates were higher year over year in the Northeast and West, and not statistically different in the Midwest and South.
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Vacancy rates offer a broad measure of rental-market conditions, but this release alone does not establish whether rents or housing costs will fall. Renters, landlords and housing businesses may be affected differently across regions.