Multifamily Rental Vacancy Rates

The percentage of apartments in MGE's service area that appear to be vacant because the electric service is inactive or the service has been moved to the owner's name.*
 

Fourth-Quarter 2020

Chart.
 
Rental Vacancy Rates - Numeric Summary
Quarter 2020 2019 2018 2017 2016 2015
4 3.87 3.00 3.00 3.15 2.82 2.39
3 4.31 3.31 3.96 4.12 3.46 3.05
2 4.36 3.68 4.78 4.07 3.71 3.43
1 3.06 3.15 3.20 2.79 2.43 2.33
 
Rental Vacancy Rates by ZIP Code
City ZIP Code Total
Rental
Units
Total
Vacant
Units
Percent
Vacant
Units
Cross Plains 53528 450 4 0.88
Middleton 53562 4,750 82 1.72
Oregon 53575 64 3 4.68
Waunakee 53597 619 10 1.61
Madison 53703 15,266 723 4.73
Madison 53704 9,450 206 2.17
Madison 53705 6,220 516 8.29
Madison/Fitchburg 53711 7,886 253 3.20
Madison 53713 7,448 320 4.29
Madison 53714 2,211 105 4.74
Madison 53715 3,429 173 5.04
Madison/Monona 53716 2,025 61 3.01
Madison 53717 1,090 22 2.01
Madison 53718 2,225 18 0.80
Madison 53719 1,596 42 2.63
Madison 53726 1,365 25 1.83
TOTAL - 66,094 2,563 3.87
 
Rental vacancy rates archive
Year 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
2020 2020 Q1 2020 Q2 2020 Q3  
2019 2019 Q1 2019 Q2 2019 Q3 2019 Q4
2018 2018 Q1 2018 Q2 2018 Q3 2018 Q4
2017 2017 Q1 2017 Q2 2017 Q3 2017 Q4
2016 2016 Q1 2016 Q2 2016 Q3 2016 Q4
2015 2015 Q1 2015 Q2 2015 Q3 2015 Q4

* MGE assumes a unit in an apartment building is vacant if electric service is inactive or if the service has been moved into the name of the building owner or property manager. This data should be used for educational or informational purposes only, as it may not be an exact representation of the number of units that are actually vacant at any given time. If you have questions, please contact mge@mge.com.