Vacancy Rate calculation

[challenger]

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.

 

[c w d]

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.

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]

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]

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.