Vacancy rate is a percentage of the year that the property does not have a tenant. This commonly occurs between tenants. To estimate you vacancy rate, input the number of weeks you think on average the property will be vacant and put the value in the calculator below. Generally 1 or 2 weeks vacancy is considered reasonable.
A property investor believes that on average his investment property will be vacant for 1 week per year. To calculate the vacancy rate, he inputs the value in the calculator which returns him a vacancy rate of 1.92%.