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Housing Needs Assessment Draft Housing Element 2-27 2.12 Housing Type and Tenure Single-family homes comprise approximately 65 percent of San Leandro’s occupied units, multi- family units comprise approximately 32 percent of occupied units, and mobile homes comprise approximately three percent of occupied units. As shown in Table 2.24, multi-family units (two to four units and five-plus units) have increased at a slightly higher rate than single-family attached and detached units in the last decade, while no growth occurred for mobile homes. Table 2.24 Housing Type Trends Building Type 2010 2020 Percent Change (2010-2020) Single-Family Home: Attached 1,948 1,988 2.1% Single-Family Home: Detached 19,459 19,469 0.1% Multi-family Housing: Two to Four Units 1,893 1,909 0.8% Multi-family Housing: Five-plus Units 8,229 8,365 1.7% Mobile Homes 890 890 0.0% Total 32,419 32,621 0.6% Source: E-5 Population and Housing Estimates for Cities, Counties, and the State (2010-2021) 2.13 Vacancy Rate Vacancy rates are an important housing indicator because they indicate the degree of choice available. Too high a vacancy rate can make it difficult for owners trying to sell or rent. Low vacancy rates usually indicate high demand and/or low supply conditions in the housing market. A vacancy rate that is too low can force prices up, making it more difficult for lower and moderate-income households to find housing. Vacancy rates between 2 and 3 percent for single-family housing and between 5 and 6 percent for multifamily housing are usually considered optimal for a healthy housing market. However, vacancy rates are not the sole indicator of market conditions. They must be viewed in the context of all the characteristics of the local and regional market. Vacant units by type are shown in Table 2.25. In 2010, an estimated total of 1,329 units remained vacant, compared to 1,410 in 2019. A large percentage of vacant units are categorized as “other vacant,” which are units that are vacant for reasons that do not fit into any of the above categories.10 Approximately 10 percent of vacant units are categorized as for sale only, representing a decrease of approximately 6 percent since 2010. Table 2.25 Vacancy Status by Type Vacancy Status 2010 Percent of Total (2010) 2019 Percent of Total (2019) For rent 394 29.6% 403 28.6% Rented, not occupied 110 8.3% 50 3.5% For sale only 217 16.3% 137 9.7% Sold, not occupied 10 0.8% 53 3.8% 10 If the vacant unit is not for-rent or for-sale-only but is held for weekends or occasional use throughout the year, the unit is included in this category. Time-shared units are classified in this category if the vacant unit is not for-rent or for-sale-only but held for use for an individual during the time of interview. U.S. Census. Definitions and Explanations. https://www.census.gov/housing/hvs/definitions.pdf