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.*

Third-Quarter 2017

Rental Vacancy Rates - Numeric Summary
Quarter 2017 2016 2015 2014 2013 2012 2011
4   2.82 2.39 2.39 2.05 2.07 2.16
3 4.12 3.46 3.05 2.83 2.70 2.44 2.57
2 4.07 3.71 3.43 3.46 2.73 3.21 3.54
1 2.79 2.43 2.33 2.25 1.88 2.00 2.85

 

Rental Vacancy Rates by ZIP Code
City ZIP Code Total
Rental
Units
Total
Vacant
Units
Percent
Vacant
Units
Cross Plains 53528 453 9 1.98
Middleton 53562 4,369 99 2.26
Oregon 53575 70 1 1.42
Waunakee 53597 591 17 2.87
Madison 53703 14,517 833 5.73
Madison 53704 8,624 228 2.64
Madison 53705 6,089 227 3.72
Madison/Fitchburg 53711 6,892 201 2.91
Madison 53713 6,879 408 5.93
Madison 53714 2,136 82 3.83
Madison 53715 3,168 198 6.25
Madison/Monona 53716 1,912 63 3.29
Madison 53717 1,090 18 1.65
Madison 53718 2,064 35 1.69
Madison 53719 1,539 74 4.80
Madison 53726 1,363 56 4.10
TOTAL - 61,756 2,549 4.12

 

Rental Vacancy Rates Archive
Year 1st Quarter 2nd Quarter 3rd Quarter 4th
Quarter
2017 2017 Q1 2017 Q2            
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    
2013 2013 Q1 2013 Q2 2013 Q3 2013 Q4
2012 2012 Q1 2012 Q2 2012 Q3 2012 Q4
2011 2011 Q1 2011 Q2 2011 Q3 2011 Q4
2010 2010 Q1 2010 Q2 2010 Q3 2010 Q4
2009 2009 Q1 2009 Q2 2009 Q3 2009 Q4
2008 2008 Q1 2008 Q2 2008 Q3 2008 Q4
2007 2007 Q1 2007 Q2 2007 Q3 2007 Q4
2006 2006 Q1 2006 Q2 2006 Q3 2006 Q4
2005 2005 Q1 2005 Q2 2005 Q3 2005 Q4
2004 2004 Q1 2004 Q2 2004 Q3 2004 Q4
2003 2003 Q1 2003 Q2 2003 Q3 2003 Q4

* MGE assumes an apartment building is vacant if electric service is inactive or if the service has been moved into the building owner's name. This data should be used for educational or informational purposes only. If you have questions, please contact mge@mge.com.