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Vacancy Rate calculation

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challenger

Sophomore Member
Joined
Mar 21, 2007
Professional Status
Certified Residential Appraiser
State
Florida
How do you typically calculate this? Total number of rentals is unavailable in MLS. And what about individual investors. MLS listing info is not updated and accurate. One rental company when asked replied that days on market for rentals at 52 days.:huh:
 

c w d

Senior Member
Joined
Oct 2, 2006
Professional Status
General Public
State
Florida
How do you typically calculate this? Total number of rentals is unavailable in MLS. And what about individual investors. MLS listing info is not updated and accurate. One rental company when asked replied that days on market for rentals at 52 days.:huh:

If a rental is being offered for rent for X number of days once could assume that it is vacant during that time. So if the typical DOM is 50 days then your vacancy rate would be ~14%. 50/365 = ~14%
 

Nick Gilbert

Freshman Member
Joined
Aug 15, 2006
Professional Status
Certified Residential Appraiser
State
Colorado
To expand on what CWD said, I get an average DOM for all leased homes within the last 6 months or so in the target neighborhood and divide avgDOM/365. That percentage is usually within 5% or so of the quartely figures published in Colorado.
 

DTB

Elite Member
Joined
Jun 11, 2004
Professional Status
Certified Residential Appraiser
State
Illinois
If a rental is being offered for rent for X number of days once could assume that it is vacant during that time. So if the typical DOM is 50 days then your vacancy rate would be ~14%. 50/365 = ~14%


Or typically it is offered for rent 30 days prior to the end of the preevious lease. 20/365= 5.5% much more in line with what I see.
 
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