Homeownership rates declined across the state in 2011, according to the most recent U.S. Census data. Riverside had the highest rate of homeownership at 59%, despite its swift decline since the height of the boom. San Francisco County had the lowest homeownership rate, at 36%. Statewide, 55% of residents owned their home in 2011.
As more people continue to lose their homes, rental vacancy rates correspondingly declined in 2011. The highest rental vacancy rate was 10% in Riverside. The lowest was 6% in Los Angeles. Rental vacancies will continue to fall until homeownership rates stabilize, around 2016, and builders adjust.
Charts and more data at: http://firsttuesdayjournal.com/weeklycharts/WC_01-14-13.pdf