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

Estimate (90% margin of error)
Commerce Charter TownshipOakland CountyMichiganUnited States
Rental vacancy rate3.1% (±3.1 points)7.4% (±0.6 points)5.1% (±0.2 points)5.5%
Homeowner vacancy rate0.0% (±0.2 points)0.4% (±0.1 points)0.8% (±0.1 points)0.9%
Vacant housing units623 (±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

Nearest places with a published estimate, compared with Commerce Charter Township
PlaceDistanceRental vacancy rateCompared with this place
Commerce Charter Township—3.1% (±3.1 points)—
Walled Lake2.8 mi4.7% (±7.1 points)Not measurably different
Wixom3.9 mi1.0% (±1.7 points)Not measurably different
Milford5.5 mi0.0% (±4.9 points)Not measurably different
West Bloomfield Charter Township5.5 mi10.7% (±3.9 points)Higher
White Lake Charter Township5.6 mi4.3% (±4.9 points)Not measurably different
Milford Charter Township5.9 mi0.0% (±2.9 points)Not measurably different
Orchard Lake Village6.4 mi0.0% (±59.4 points)Not measurably different
Novi6.6 mi7.3% (±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

RankPlaceRental vacancy rate
29 (tie)White Lake Charter Township4.3% (±4.9 points)
31Lyon Charter Township3.8% (±6.0 points)
32Springfield Charter Township3.7% (±5.9 points)
33 (tie)Clawson3.5% (±3.7 points)
33 (tie)Groveland Township3.5% (±5.1 points)
35Highland Charter Township3.2% (±3.8 points)
36Commerce Charter Township3.1% (±3.1 points)
37Waterford Charter Township2.9% (±1.5 points)
38Oxford Charter Township2.1% (±3.1 points)
39Royal Oak Charter Township1.9% (±3.0 points)
40Wixom1.0% (±1.7 points)
41 (tie)Huntington Woods0.0% (±27.2 points)
41 (tie)Orchard Lake Village0.0% (±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

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.

Request a Census API 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 .

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