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Tri-Cities Apartment Vacancy Rates Hover at 2%

By in Tri-Cities Housing Market with 0 Comments

That’s right, the rentals are 98-99% occupied. So, for every 100 rental properties, only one or two are available for people to live in because the rest already have people living there.

This is a big problem for anyone looking to rent and not buy. As I detail in this post from almost a year ago, when the problem was the same, there is just nothing available. The problem is compounded when you add a family and a pet.

And, as this KNDU story illustrates, it’s bad news for people down on their luck looking for some shelter just for themselves, never mind 1.86 children and a dog or two.

Department Director for the BFCAC (Benton Franklin Community Action Committee), Debra Biondolillo says it’s not easy finding low income families places to live. Partly because there’s not as many vacant places as years before.

“They are in a position now where they have an over-flux of people applying for these apartments and can be choosy about who they put in these apartments,” said Biondolillo.

So, we need some new construction, which the Herald reported on Sunday, is on its way! Amen!!

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About The Author
Cari McGee

My husband and I came to the Tri-Cities in 1994, and we thought it would be a temporary stop on our way to larger cities. He was a television sports anchor at the time, and we planned to go wherever the "next step up" took us. Twenty-plus years later, we're still here and we've loved every minute of it! We have two children now, and we've found the Tri-Cities area is a wonderful place to raise a family. It's a great place to do outdoorsy things -- I like to hike Badger Mountain or run along the river path. I also love reading ... by a cozy fire in the winter or a beautiful picture window in the summer (with the A/C on!). I've been a licensed Realtor since 2004. I earned my managing broker's license in 2016, which means I can run my own brokerage, or create a team of real estate agents and supervise them, which is exactly what I did when I formed the Cari McGee Real Estate Team in 2018! We have administrative and marketing personnel, as well as additional agents to serve you. I became a director of the Tri-Cities Association of Realtors Board of Directors in 2016, became Secretary/Treasurer of the organization, and was elected to Vice President in 2019. Want to talk about real estate? Click here to schedule a meeting with me!

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