Vacancy Rates at Record Lows, Here’s What It Means for You

U.S. Housing Vacancy & Homeownership Trends Q2 2025

August 29, 20251 min read

U.S. Homeownership & Rental Vacancy Rates for Q2 2025

"In the middle of every difficulty lies opportunity." – Albert Einstein

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The U.S. government is reporting that the national vacancy rates for Q2 2025 were 7% for rental housing and 1.1% for homeowner housing.  The national homeownership rate for Q2 2025 was 65%.  In addition, approximately 89.6% of the housing units in the United States in Q2 were occupied and 10.4% were vacant. Owner-occupied housing units made up 58.2% of total housing units, while renter-occupied units made up 31.3% of the inventory.  Vacant year-round units comprised 8.1% of total housing units, while 2.3% were vacant for seasonal use.

Group of renters standing outside a rental property with low vacancy market sign.

Director of Education & Outreach, National Real Estate Investors Association

Brad Beckett

Director of Education & Outreach, National Real Estate Investors Association

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