Multifamily Rental Vacancy Rates
Madison Gas and Electric (MGE) recently upgraded our billing and payment systems, which also has resulted in changes to our customer information system. As a result of these changes, updated vacancy rate information is unavailable at this time. We apologize for any inconvenience.
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.*
Second-Quarter 2021
Chart.
| Rental Vacancy Rates - Numeric Summary |
| Quarter |
2021 |
2020 |
2019 |
2018 |
2017 |
2016 |
| 4 |
|
3.87 |
3.00 |
3.00 |
3.15 |
2.82 |
| 3 |
|
4.31 |
3.31 |
3.96 |
4.12 |
3.46 |
| 2 |
4.84 |
4.36 |
3.68 |
4.78 |
4.07 |
3.71 |
| 1 |
3.68 |
3.06 |
3.15 |
3.20 |
2.79 |
2.43 |
| Rental Vacancy Rates by ZIP Code |
| City |
ZIP Code |
Total
Rental
Units |
Total
Vacant
Units |
Percent
Vacant
Units |
| Cross Plains |
53528 |
449 |
8 |
1.78 |
| Middleton |
53562 |
5,095 |
114 |
2.23 |
| Oregon |
53575 |
61 |
3 |
4.91 |
| Waunakee |
53597 |
626 |
13 |
2.07 |
| Madison |
53703 |
15,527 |
820 |
5.28 |
| Madison |
53704 |
9,528 |
302 |
3.16 |
| Madison |
53705 |
6,333 |
703 |
11.10 |
| Madison/Fitchburg |
53711 |
7,941 |
338 |
4.25 |
| Madison |
53713 |
7,562 |
359 |
4.74 |
| Madison |
53714 |
2,212 |
124 |
5.60 |
| Madison |
53715 |
3,462 |
227 |
6.55 |
| Madison/Monona |
53716 |
2,024 |
100 |
4.94 |
| Madison |
53717 |
1,091 |
31 |
2.84 |
| Madison |
53718 |
2,255 |
46 |
2.03 |
| Madison |
53719 |
1,676 |
35 |
2.08 |
| Madison |
53726 |
1,363 |
36 |
2.64 |
| TOTAL |
- |
67,205 |
3,259 |
4.84 |
* 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.