What is the rental vacancy rate in North Bay Village, FL?
The rental vacancy rate in North Bay Village, FL is 7.1% (±6.9 points) (2020–2024 American Community Survey).
The homeowner vacancy rate is 5.6% (±6.7 points).
928 (±257) homes, 20.6% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.
In North Bay Village, the rental vacancy rate went from 3.7% in 2015–2019 to 7.1% in 2020–2024 (+3.4 percentage points), not a measurable change.
Figures last updated on .
- Rental vacancy rate
- 7.1% (±6.9 points)
- Homeowner vacancy rate
- 5.6% (±6.7 points)
- Vacant homes
- 928 (±257)
Vacancy in North Bay Village against Miami-Dade County, its state and the nation
| North Bay Village | Miami-Dade County | Florida | United States | |
|---|---|---|---|---|
| Rental vacancy rate | 7.1% (±6.9 points) | 5.5% (±0.3 points) | 7.6% (±0.2 points) | 5.5% |
| Homeowner vacancy rate | 5.6% (±6.7 points) | 1.2% (±0.1 points) | 1.4% (±0.1 points) | 0.9% |
| Vacant housing units | 928 (±257) | 119,572 (±2,516) | 1,503,660 (±20,826) | 14,547,859 |
The rental vacancy rate is the share of rental homes that are vacant and for rent; it leaves out homes already rented but not yet moved into, and seasonal homes.
In North Bay Village, the rental vacancy rate is not measurably different from Miami-Dade County (5.5%).
It is not measurably different from Florida (7.6%).
It is not measurably different from the national figure (5.5%).
Rental vacancy rate in places near North Bay Village
| Place | Distance | Rental vacancy rate | Compared with this place |
|---|---|---|---|
| North Bay Village | — | 7.1% (±6.9 points) | — |
| Miami Shores | 2.1 mi | 2.2% (±3.5 points) | Not measurably different |
| Indian Creek | 2.2 mi | 0.0% (±100.0 points) | Not measurably different |
| Surfside | 2.6 mi | 8.8% (±13.7 points) | Not measurably different |
| Miami Beach | 2.7 mi | 7.6% (±1.5 points) | Not measurably different |
| El Portal | 2.8 mi | 0.0% (±45.1 points) | Not measurably different |
| Bay Harbor Islands | 2.9 mi | 0.0% (±4.8 points) | Not measurably different |
| Biscayne Park | 2.9 mi | 0.0% (±21.5 points) | Not measurably different |
| Bal Harbour | 3.5 mi | 12.6% (±11.7 points) | Not measurably different |
None of the nearby places differs measurably from this one on this figure.
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Rental vacancy rate across Miami-Dade County, place by place
| Rank | Place | Rental vacancy rate |
|---|---|---|
| 8 | Fountainebleau | 8.7% (±2.3 points) |
| 9 | Ojus | 8.2% (±5.4 points) |
| 10 | North Miami Beach | 8.1% (±3.2 points) |
| 11 | Miami Beach | 7.6% (±1.5 points) |
| 12 | Glenvar Heights | 7.4% (±3.5 points) |
| 13 | Aventura | 7.3% (±2.7 points) |
| 14 | North Bay Village | 7.1% (±6.9 points) |
| 15 | Kendale Lakes | 7.0% (±3.1 points) |
| 16 (tie) | Doral | 6.5% (±2.1 points) |
| 16 (tie) | Miami | 6.5% (±0.5 points) |
| 18 (tie) | South Miami | 6.3% (±3.5 points) |
| 18 (tie) | West Miami | 6.3% (±5.5 points) |
| 20 | Kendall | 5.9% (±2.1 points) |
Showing 13 of 70 places in Miami-Dade County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about North Bay Village
Is it hard to find a rental in North Bay Village?
The rental vacancy rate in North Bay Village, FL is 7.1% (±6.9 points); a low rate means few rental homes stand empty and for rent at any time, which usually means more competition for each one.
Is the rental market in North Bay Village tighter than it was?
In North Bay Village, the rental vacancy rate went from 3.7% in 2015–2019 to 7.1% in 2020–2024 (+3.4 percentage points), not a measurable change.
How many homes are vacant in North Bay Village?
An estimated 928 (±257) housing units, 20.6% of the total, including seasonal homes and homes waiting to be sold or rented.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — North Bay Village city, Florida
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — North Bay Village city, Florida
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for North Bay Village city, Florida (place:49225, in state:12).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are DP04_0005E, DP04_0005M from the 2019 release.
The API needs a free key.
DP04_0005E, DP04_0005M, DP04_0004E, DP04_0004M, DP04_0003E, DP04_0003M, DP04_0003PE, DP04_0003PM
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
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- Population growth in North Bay Village
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- Housing data for every place in Florida