Vacancy Rate Calculator
Calculate your rental property vacancy rate and estimated income loss.
Essential for landlords and property managers.
Vacancy Rate
Vacancy Rate measures the percentage of available rental units that are unoccupied.
Vacancy Rate = (Vacant Units / Total Units) × 100
Occupancy Rate is the inverse:
Occupancy Rate = 100% - Vacancy Rate
Income loss from vacancies:
Annual Income Loss = Vacant Units × Monthly Rent × Months Vacant
Effective Gross Income:
EGI = Potential Gross Income × (1 - Vacancy Rate)
Vacancy rate benchmarks:
- Below 3%: Very tight market (landlord"s market)
- 3–5%: Healthy market
- 5–8%: Average
- 8–10%: Soft market (tenant"s market)
- Above 10%: High vacancy — may indicate pricing or location issues
US average vacancy rates:
- Residential rental: 5.8%
- Commercial office: 12–18%
- Retail: 4–7%
- Industrial: 3–5%
Example: 50-unit building, 3 vacant, $1,200/month rent, vacant 2 months average:
- Vacancy rate: 6%
- Annual income loss: $7,200