Laserfiche WebLink
Table 9. Rental Vacancy Rates, 1986-2010 <br /> Honolulu State of United <br /> MSA Hawaii States <br /> 1986 5.0 5.7 7.3 <br /> 1987 5.5 6.5 7.7 <br /> 1988 4.1 6.3 7.7 <br /> 1989 5.1 6.6 7.4 <br /> 1990 3.8 6.6 7.2 <br /> 1991 3.8 5.8 7.4 <br /> 1992 3.4 5.8 7.4 <br /> 1993 3.9 6.8 7.3 <br /> 1994 5.0 7.4 7.4 <br /> 1995 5.4 6.3 7.6 <br /> 1996 4.7 6.0 7.8 <br /> 1997 6.4 7.1 7.7 <br /> 1998 6.3 6.9 7.9 <br /> 1999 7.6 7.6 8.1 <br /> 2000 4.9 5.3 8.0 <br /> 2001 8.0 8.2 8.4 <br /> 2002 5.5 7.3 8.9 <br /> 2003 7.0 8.9 9.8 <br /> 2004 5.8 7.7 10.2 <br /> 2005 3.9 5.1 9.8 <br /> 2006 3.9 5.5 9.7 <br /> 2007 5.1 6.3 9.7 <br /> 2008 5.1 7.2 10.0 <br /> 2009 6.9 9.2 10.6 <br /> 2010 1 7.2 1 8.1 1 10.2 <br /> Source: U.S. Census Bureau's Current Population <br /> Survey/Housing Vacancy Survey, 1986-2010 <br /> Like FMR data, rental vacancy rates provide an indication of the strength of the rental market, <br /> For example, the vacancy rate for the County of Honolulu rose significantly between 2006 and <br /> 2007. High and rising vacancy rates often put downward pressure on rents, yet median asking <br /> rents increased significantly over the same period. A change in the price distribution of vacant <br /> units, with a larger proportion of the vacant units renting for over $1,000 per month, could <br /> explain why median rents increased while vacancy rates rose. <br /> Hawaii Housing Planning Study,2011: Rental Housing Page 14 <br /> ©SMS, Inc. October,2011 <br />