Rental Vacancy Rate Just Right, Experts Say
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From Times Staff and Wire Reports
High housing vacancy rates in Vacaville set it apart from most other cities in California, according to a recent report by the planning commission.
Rental vacancy rates in Vacaville are 5.1%, the ideal balance between the interests of landlords and tenants, economists and planners say. Cities with a vacancy rate of less than 3% are considered to have a shortage.
“At this time, the ideal is not probable in most rental markets throughout the state of California,” said Michael Kern of the National Apartment Assn., an advocacy group for renters.
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