What is the rental vacancy rate in Commerce Charter Township, MI?
The rental vacancy rate in Commerce Charter Township, MI is 3.1% (±3.1 points) (2020–2024 American Community Survey).
The homeowner vacancy rate is 0.0% (±0.2 points).
623 (±215) homes, 3.6% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.
In Commerce Charter Township, the rental vacancy rate went from 2.9% in 2015–2019 to 3.1% in 2020–2024 (+0.2 percentage points), not a measurable change.
Figures last updated on .
- Rental vacancy rate
- 3.1% (±3.1 points)
- Homeowner vacancy rate
- 0.0% (±0.2 points)
- Vacant homes
- 623 (±215)
Vacancy in Commerce Charter Township against Oakland County, its state and the nation
| Commerce Charter Township | Oakland County | Michigan | United States | |
|---|---|---|---|---|
| Rental vacancy rate | 3.1% (±3.1 points) | 7.4% (±0.6 points) | 5.1% (±0.2 points) | 5.5% |
| Homeowner vacancy rate | 0.0% (±0.2 points) | 0.4% (±0.1 points) | 0.8% (±0.1 points) | 0.9% |
| Vacant housing units | 623 (±215) | 30,888 (±1,757) | 545,867 (±7,991) | 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 Commerce Charter Township, the rental vacancy rate is lower than in Oakland County (7.4%).
It is not measurably different from Michigan (5.1%).
It is not measurably different from the national figure (5.5%).
Rental vacancy rate in places near Commerce Charter Township
| Place | Distance | Rental vacancy rate | Compared with this place |
|---|---|---|---|
| Commerce Charter Township | — | 3.1% (±3.1 points) | — |
| Walled Lake | 2.8 mi | 4.7% (±7.1 points) | Not measurably different |
| Wixom | 3.9 mi | 1.0% (±1.7 points) | Not measurably different |
| Milford | 5.5 mi | 0.0% (±4.9 points) | Not measurably different |
| West Bloomfield Charter Township | 5.5 mi | 10.7% (±3.9 points) | Higher |
| White Lake Charter Township | 5.6 mi | 4.3% (±4.9 points) | Not measurably different |
| Milford Charter Township | 5.9 mi | 0.0% (±2.9 points) | Not measurably different |
| Orchard Lake Village | 6.4 mi | 0.0% (±59.4 points) | Not measurably different |
| Novi | 6.6 mi | 7.3% (±2.6 points) | Higher |
Nearby places with a measurably higher figure: West Bloomfield Charter Township, MI (10.7%), Novi, MI (7.3%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Rental vacancy rate across Oakland County, place by place
| Rank | Place | Rental vacancy rate |
|---|---|---|
| 29 (tie) | White Lake Charter Township | 4.3% (±4.9 points) |
| 31 | Lyon Charter Township | 3.8% (±6.0 points) |
| 32 | Springfield Charter Township | 3.7% (±5.9 points) |
| 33 (tie) | Clawson | 3.5% (±3.7 points) |
| 33 (tie) | Groveland Township | 3.5% (±5.1 points) |
| 35 | Highland Charter Township | 3.2% (±3.8 points) |
| 36 | Commerce Charter Township | 3.1% (±3.1 points) |
| 37 | Waterford Charter Township | 2.9% (±1.5 points) |
| 38 | Oxford Charter Township | 2.1% (±3.1 points) |
| 39 | Royal Oak Charter Township | 1.9% (±3.0 points) |
| 40 | Wixom | 1.0% (±1.7 points) |
| 41 (tie) | Huntington Woods | 0.0% (±27.2 points) |
| 41 (tie) | Orchard Lake Village | 0.0% (±59.4 points) |
Showing 13 of 49 places in Oakland County, ranked from highest to lowest.
The figures for Commerce Charter Township include the places inside it that have pages of their own: Wolverine Lake.
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 Commerce Charter Township
Is it hard to find a rental in Commerce Charter Township?
The rental vacancy rate in Commerce Charter Township, MI is 3.1% (±3.1 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 Commerce Charter Township tighter than it was?
In Commerce Charter Township, the rental vacancy rate went from 2.9% in 2015–2019 to 3.1% in 2020–2024 (+0.2 percentage points), not a measurable change.
How many homes are vacant in Commerce Charter Township?
An estimated 623 (±215) housing units, 3.6% 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 — Commerce charter township, Oakland County, Michigan
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Commerce charter township, Oakland County, Michigan
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 Commerce charter township, Oakland County, Michigan (county subdivision:17640, in state:26 county:125).
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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- Housing data for every place in Michigan