Areas with the Lowest Vacancy Rates - InvestmentProperties101.com

When you couple the rise in mortgage defaults and home foreclosures with tightening lending guidelines, you often see increased demand for home rentals. There have been numerous reports in 2011 on how vacancy rates in  many parts of the country are the lowest they've been in recent memory. Earlier this year, Forbes put out a list of "10 Cities Where The Rental Markets are Rebounding". These cities included:

1. New York City (2.4% Vacancy Rate)
2. Minneapolis (3.3% Vacancy Rate)
3. San Diego (3.4% Vacancy Rate)
4 San Jose (3.4% Vacancy Rate)
5. Jersey City (3.5% Vacancy Rate)
6. San Francisco (3.6% Vacancy Rate)
7. New Haven & Fairfield County, Connecticut (3.7% Vacancy Rate)
8. Portland, OR (3.8% Vacancy Rate)
9. Philly (3.9% Vacancy Rate)
10. Milwaukee (4.0% Vacancy Rate)


SmashingUSA.com took a look at the other end of the spectrum with their list of "The 10 Most Vacant Cities of America" which included (reordered based upon rental vacancy rates):


10. Dayton (10.7% Rental Vacancy Rate)
9. Kansas City, MO (11% Rental Vacancy Rate)
8. Atlanta (11.8% Rental Vacancy Rate)
7. Baton Rouge (13% Rental Vacancy Rate)
5. Indy (13.5% Rental Vacancy Rate)
5.Memphis (13.5% Rental Vacancy Rate)
4. Tucson (15.9% Rental Vacancy Rate)
3. Detroit (17.2% Rental Vacancy Rate)
2. Houston, TX (17.4% Rental Vacancy Rate)
1. Toledo (19.3% Rental Vacancy Rate)