Vacancy Rate Calculator
Calculate your rental property vacancy rate, annual vacancy cost, and effective gross income — and compare it to the national average.
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Vacancy Rate Calculator
Units or days-based vacancy analysis
Vacancy Analysis
Vacancy Rate
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Annual Vacancy Cost
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Effective Gross Income
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vs. National Avg (6.6%)
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Income Analysis
Gross Potential Income (100% occupied)—
Vacancy Loss—
Effective Gross Income—
Comparison to National Average
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Vacancy Rate Benchmarks
0–4%
Excellent
5–7%
National Average
8–12%
Above Average
12%+
High Risk
Frequently Asked Questions
What is a good vacancy rate for rental properties?
The national average vacancy rate is approximately 6.6%. A vacancy rate below 5% is excellent and indicates strong demand. Above 10% suggests pricing, marketing, or property condition issues that need addressing.
How is effective gross income calculated?
Effective Gross Income (EGI) = Gross Potential Income − Vacancy Loss − Credit Loss + Other Income. It represents the actual income you can expect to collect after accounting for vacancies and non-payment.
How can I reduce vacancy rate?
Price competitively for your market, maintain the property well, screen tenants carefully, offer lease renewals early, list on multiple platforms (Zillow, Apartments.com, local Facebook groups), and respond quickly to inquiries.