Tuesday, November 27, 2012

90% of Charlotte homes are occupied, topping U.S. average - Charlotte Business Journal

90% of Charlotte homes are occupied, topping U.S. average - Charlotte Business Journal


Nine of every 10 houses, apartments and condominiums in the Charlotte area -- 90.4 percent, to be exact -- are occupied. That’s a full percentage point ahead of the national average, according to an On Numbers report released Monday morning.
On Numbers analyzed raw data for all 109 U.S. metropolitan areas that contain more than 200,000 housing units. Of the 85.3 million homes in those markets, 89 percent were occupied as of 2011, the year covered by the U.S. Census Bureau’s latest American Community Survey. The other 11 percent were empty.
In the Charlotte-Gastonia-Rock Hill metropolitan area, 671,191 of the 742,559 homes counted in 2011 were occupied, leaving 71,368 vacant. That translates to a vacancy rate of 9.6 percent.
The national leader is San Jose, where more than 95 percent of all housing units are occupied. Just 28,100, or 4.3 percent, of San Jose’s 650,700 housing units were empty as of last year.
Cape Coral-Fort Myers, Fla., had the nation’s worst vacancy rate at 35.9 percent.
A unit is considered vacant if it does not have permanent occupants. Seasonal homes can be classified as empty if their owners were not in residence when the Census Bureau conducted its survey.
Economically troubled communities and vacation destinations, as a result, are likely to have the highest vacancy rates.

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