The US national rental vacancy rate was 7.2% in Q4 2025 (Q4 2024: 6.9%; Q3 2025: 7.1%), showing little change across both annual and quarterly comparisons.

• The homeowner vacancy rate stood at 1.2% (Q4 2024: 1.1%; Q3 2025: 1.2%), remaining essentially flat and indicating stable availability of owner housing.

• The homeownership rate was 65.7% (Q3 2025: 65.3%; unchanged YoY), suggesting no meaningful shift in ownership trends over the past year.

• Rental vacancies were highest in the South (9.1%), followed by the Midwest (7.2%), while the Northeast (5.2%) and West (5.5%) remained notably lower, highlighting regional dispersion in rental supply.

• Homeowner vacancies were highest in the South (1.5%) and West (1.2%), exceeding levels in the Northeast (1.0%) and Midwest (0.7%), with only the South showing a YoY increase.

• About 89.9% of U.S. housing units were occupied in Q4 2025, with 59.0% owner-occupied and 30.8% renter-occupied, while 10.1% of units were vacant across seasonal and year-round categories.

• Seasonally adjusted homeownership was 65.5%, with the highest regional rate in the Midwest (71.3%) and the lowest in the West (60.8%), reflecting persistent geographic differences in ownership patterns.

• By age group, homeownership was highest among households 65+ (79.0%) and lowest for those under 35 (37.9%), with younger households seeing higher ownership YoY while the 45 to 54 group declined.