TAMPA — The vacancy rate for single-family homes and rental properties in the Tampa area has shrunk dramatically, according to annual figures recently released by the Census Bureau.
The Census’ American Community Survey results, released last month, show the vacancy rate for single-family homes fell from 4.3 percent in 2011 to 1.4 percent last year.
The vacancy rate for rentals fell by nearly half in the same period, from 9.6 percent in 2011 to 5.6 percent last year.
The tightening of Tampa’s supply of vacant houses probably has a number of causes, many of them tied to an improving economy, said Tim Becker, director of the Bergstrom Center for Real Estate Studies at the University of Florida:
The Tampa area’s expanding job market is drawing new residents to the region and encouraging others who have been doubled-up with friends or family to strike out on their own.