Nationally, the rental vacancy rate was 7.4 percent in 2011. Among all metropolitan areas, the lowest rental vacancy rate (0.0 percent!) was in Bismarck, North Dakota. Among the top 50 metropolitan areas, the vacancy rate was lowest in San Jose (2.7 percent). At the other end of the scale, these ten large metros had double-digit rental vacancy rates...
Atlanta-Sandy Springs-Marietta, GA: 10.8%
Cincinnati-Middletown, OH-KY-IN: 11.3%
Houston-Sugar Land-Baytown, TX: 11.6%
Jacksonville, FL: 10.1%
Las Vegas-Paradise, NV: 12.6%
Memphis, TN-MS-AR: 10.7%
Orlando-Kissimmee, FL: 11.7%
Phoenix-Mesa-Scottsdale, AZ: 10.1%
Richmond, VA: 13.2%
Tampa-St. Petersburg-Clearwater, FL: 11.2%
Source: Census Bureau, Rental Housing Market Condition Measures: A Comparison of U.S. Metropolitan Areas from 2009 to 2011
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