Virginia’s home vacancy rate was 0.6 percent in 2020, a decrease of 0.8 percent from the previous year, according to the U.S. Census Bureau report released in March.
The home vacancy rate is the proportion of the homeowner inventory that is vacant and for sale at the time of the survey.
The bureau compiles data from a sampling of approximately 72,000 occupied and vacant housing units across the country. The bureau also collects information on homeownership vacancies, as well as specific characteristics about housing units, such as the age of household members, family status, race/ethnicity, and median family income.
The overall home vacancy rate in the U.S. was one percent in 2020, a decrease of 0.4 percent from 2019.
Data was collected on March 26 from the U.S. Census Bureau.
