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.*
 

First-Quarter 2020

Chart.
 
Rental Vacancy Rates - Numeric Summary
Quarter 2020 2019 2018 2017 2016 2015
4   3.00 3.00 3.15 2.82 2.39
3   3.31 3.96 4.12 3.46 3.05
2   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 458 7 1.52
Middleton 53562 4,776 45 0.94
Oregon 53575 67 1 1.49
Waunakee 53597 589 8 1.35
Madison 53703 15,100 614 4.06
Madison 53704 9,188 152 1.65
Madison 53705 6,169 259 4.19
Madison/Fitchburg 53711 7,669 205 2.67
Madison 53713 7,237 249 3.44
Madison 53714 2,218 95 4.28
Madison 53715 3,428 150 4.37
Madison/Monona 53716 1,911 101 5.28
Madison 53717 1,090 24 2.20
Madison 53718 2,223 28 1.25
Madison 53719 1,598 41 2.56
Madison 53726 1,366 18 1.31
TOTAL - 65,087 1,997 3.06
 
Rental vacancy rates archive
Year 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
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
2014 2014 Q1 2014 Q2 2014 Q3 2014 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.