POSTED: 05/24/2011 12:24:43 PM MDT
UPDATED: 05/24/2011 12:52:51 PM MDT

DENVER—The Colorado Division of Housing says a survey of rental properties in the Denver metro area shows vacancies for the first three months of the year fell to 1.4 percent.
That’s down from 3.1 percent in the same period a year ago for Adams, Arapahoe, Boulder, Broomfield, Denver, Douglas and Jefferson counties, and housing division spokesman Ryan McMaken says it’s the lowest level recorded since 2001.

The division said Tuesday that average rents have been largely flat though, at $1,039 for the first quarter.

Nationally, 33.6 percent of households are renters, up from 31.6 percent when the housing bubble burst four years ago. Some residents have found it’s cheaper to rent than to buy a home.

Read more: Denver-area rental vacancies dip to 1.4 percent – The Denver Post http://www.denverpost.com/business/ci_18128995#ixzz1NKLYA2gk
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