What is the rental vacancy rate in Cary, NC?
The rental vacancy rate in Cary, NC is 10.1% (±1.9 points) (2020–2024 American Community Survey).
The homeowner vacancy rate is 0.3% (±0.2 points).
4,085 (±678) homes, 5.5% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.
In Cary, the rental vacancy rate went from 7.0% in 2015–2019 to 10.1% in 2020–2024 (+3.1 percentage points), a measurable increase.
Figures last updated on .
- Rental vacancy rate
- 10.1% (±1.9 points)
- Homeowner vacancy rate
- 0.3% (±0.2 points)
- Vacant homes
- 4,085 (±678)
Vacancy in Cary against Wake County, its state and the nation
| Cary | Wake County | North Carolina | United States | |
|---|---|---|---|---|
| Rental vacancy rate | 10.1% (±1.9 points) | 8.9% (±0.7 points) | 7.1% (±0.2 points) | 5.5% |
| Homeowner vacancy rate | 0.3% (±0.2 points) | 0.6% (±0.2 points) | 1.3% (±0.1 points) | 0.9% |
| Vacant housing units | 4,085 (±678) | 35,872 (±2,100) | 613,323 (±9,483) | 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 Cary, the rental vacancy rate is not measurably different from Wake County (8.9%).
It is also higher than in North Carolina (7.1%).
It is higher than the national figure (5.5%).
Rental vacancy rate in places near Cary
| Place | Distance | Rental vacancy rate | Compared with this place |
|---|---|---|---|
| Cary | — | 10.1% (±1.9 points) | — |
| Morrisville | 3.9 mi | 12.9% (±4.1 points) | Not measurably different |
| Apex | 5.0 mi | 11.9% (±5.8 points) | Not measurably different |
| Holly Springs | 8.9 mi | 11.1% (±6.2 points) | Not measurably different |
| Raleigh | 11 mi | 8.6% (±0.9 points) | Not measurably different |
| Governors Village | 12 mi | 0.0% (±11.9 points) | Not measurably different |
| Fuquay-Varina | 13 mi | 9.5% (±4.9 points) | Not measurably different |
| Governors Club | 13 mi | 0.0% (±72.3 points) | Not measurably different |
| Garner | 13 mi | 9.0% (±4.8 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 Wake County, place by place
| Rank | Place | Rental vacancy rate |
|---|---|---|
| 1 | Wendell | 13.7% (±11.4 points) |
| 2 | Morrisville | 12.9% (±4.1 points) |
| 3 | Apex | 11.9% (±5.8 points) |
| 4 | Holly Springs | 11.1% (±6.2 points) |
| 5 | Cary | 10.1% (±1.9 points) |
| 6 | Fuquay-Varina | 9.5% (±4.9 points) |
| 7 | Garner | 9.0% (±4.8 points) |
| 8 | Raleigh | 8.6% (±0.9 points) |
| 9 | Knightdale | 6.6% (±5.0 points) |
| 10 | Wake Forest | 6.1% (±3.9 points) |
| 11 (tie) | Rolesville | 0.0% (±14.8 points) |
Showing 11 of 12 places in Wake 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 Cary
Is it hard to find a rental in Cary?
The rental vacancy rate in Cary, NC is 10.1% (±1.9 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 Cary tighter than it was?
In Cary, the rental vacancy rate went from 7.0% in 2015–2019 to 10.1% in 2020–2024 (+3.1 percentage points), a measurable increase.
How many homes are vacant in Cary?
An estimated 4,085 (±678) housing units, 5.5% 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 — Cary town, North Carolina
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Cary town, North Carolina
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 Cary town, North Carolina (place:10740, in state:37).
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
- Housing in Cary at a glance
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- Rent by bedrooms in Cary
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- Renters and owners in Cary
- Income and affordability in Cary
- Home values in Cary
- Homeowner costs in Cary
- Property taxes in Cary
- Types of homes in Cary
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- Commute and cars in Cary
- Crime reported to police in Cary
- Population growth in Cary
- How long people stay in Cary
- Crowding and facilities in Cary
- Fair Market Rent in Cary
- North Carolina landlord and tenant rules
- Housing across Wake County
- North Carolina places ranked by rental vacancy rate
- Housing data for every place in North Carolina