Rental Property Vacancy Budget 2027 Calculator

Budget for rental vacancy 2027 — 5-12% standard, more in high-turnover markets. Include re-leasing costs (marketing, repairs, fee).

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Vacancy Rate Benchmarks

Stable Class A market: 4-6%. Class B: 6-9%. Class C: 9-12%. Hot markets briefly under 4%. College towns: spike Aug. Snowbird markets: spike summer.

Turnover Costs Itemized

Marketing $50-200. Cleaning $200-400. Touch-up paint $300-600. Carpet cleaning $150-300. Repairs $200-500. Leasing fee 50-100% of one month rent. Total: $1,000-2,500.

Reducing Vacancy

Renew leases 60-90 days early. Offer renewal incentive ($50/mo off vs new tenant turnover cost). Stable, lower rent better than churn at top rent.

Insurance for Vacancy

Standard landlord insurance EXCLUDES if vacant > 60 days. Buy vacant property insurance separately. Premium 1.5-2x normal.

Source: biggerpockets.com vacancy budgeting, narpm.org property management data. Last updated: May 2026.