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Rental vacancy rates, the percentage of apartments available to rent, are reaching troubling lows in much of the country. Nineteen states had rental vacancy rates below 5% in 2022, up
In Massachusetts, where available rental apartments are scarcer than anywhere else, there’s a political battle raging over whether suburban towns should help boost the housing supply by allowing denser development.
Many states with low rental vacancy rates already have plans to mandate or at least encourage more apartments, especially around transit hubs.