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 2019

Rental Vacancy Rates - Numeric Summary
Quarter 2019 2018 2017 2016 2015 2014 2013
4   3.00 3.15 2.82 2.39 2.39 2.05
3   3.96 4.12 3.46 3.05 2.83 2.70
2   4.78 4.07 3.71 3.43 3.46 2.73
1 3.15 3.20 2.79 2.43 2.33 2.25 1.88

 

Rental Vacancy Rates by ZIP Code
City ZIP Code Total
Rental
Units
Total
Vacant
Units
Percent
Vacant
Units
Cross Plains 53528 456 7 1.53
Middleton 53562 4,650 71 1.52
Oregon 53575 69 1 1.44
Waunakee 53597 592 13 2.19
Madison 53703 15,106 569 3.76
Madison 53704 8,740 181 2.07
Madison 53705 6,112 227 3.71
Madison/Fitchburg 53711 7,378 192 2.60
Madison 53713 7,079 318 4.49
Madison 53714 2,222 87 3.91
Madison 53715 3,263 146 4.47
Madison/Monona 53716 1,914 95 4.96
Madison 53717 1,090 18 1.65
Madison 53718 2,212 30 1.35
Madison 53719 1,542 38 2.46
Madison 53726 1,366 19 1.39
TOTAL - 63,791 2,012 3.15

 

Rental Vacancy Rates Archive
Year 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
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
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 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.