Vacancy Rate Calculator

Enter vacant units and total units to find the vacancy rate.

How to use

  1. Enter your values in the fields above.
  2. Press Calculate to see your result instantly.
  3. Use the Share button to copy a link to your result.

About this calculator

The vacancy rate measures the percentage of rentable units in a property or market that are unoccupied and not generating rental income at a given point in time, calculated as the number of vacant units divided by the total number of units, multiplied by 100. A related figure, economic vacancy rate, factors in lost rent from concessions and non-paying tenants rather than just physical occupancy.

Landlords and property managers track vacancy rate to gauge how well a building is performing against the local market average — a rate significantly above the market benchmark signals pricing, condition, or marketing problems — while real estate investors use it to estimate effective gross income by discounting potential rental income for expected vacancy and credit loss when underwriting a purchase.

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