With only about 107,000 of the Seattle area’s 1.47 million housing units empty, or an occupancy rate of 92.74 percent, the area ranks No. 13 in the U.S. for housing vacancy rates.
More than 95 percent of all houses, apartments and condominiums in the San Jose, Calif. area are occupied, a distinction that no other major market can claim,according to research by On Numbers, the research division of American City Business Journals.
Just 28,100 of San Jose’s 650,700 housing units were empty as of 2011, the year covered by the U.S. Census Bureau’snewest American Community Survey. That translates to a vacancy rate of 4.3 percent, easily the best in the nation.
The next lowest vacancy rates in any major market are 5.6 percent in Lancaster, Pa., and 5.7 percent in Minneapolis-St. Paul.
On Numbers analyzed raw data for all 109 metropolitan areas that contain more than 200,000 housing units. Eighty-nine percent of the 85.25 million homes in those markets were occupied a year ago. The other 11 percent were empty.