{"id":6783,"date":"2025-09-24T12:01:47","date_gmt":"2025-09-24T06:31:47","guid":{"rendered":"https:\/\/www.complianceprime.com\/blog\/?p=6783"},"modified":"2025-09-29T12:14:12","modified_gmt":"2025-09-29T06:44:12","slug":"whats-a-good-tenant-turnover-rate-for-your-rental-property","status":"publish","type":"post","link":"https:\/\/www.complianceprime.com\/blog\/2025\/09\/24\/whats-a-good-tenant-turnover-rate-for-your-rental-property\/","title":{"rendered":"What\u2019s a Good Tenant Turnover Rate for Your Rental Property?"},"content":{"rendered":"\n

If you own or manage rental property, one metric you should always keep an eye on is tenant turnover rate. This rate tells you how often tenants move out of your units within a given period, usually a year. Understanding your turnover rate is crucial because it directly impacts your rental income, operating costs, and even the long-term value of your property. But what\u2019s considered a \u201cgood\u201d tenant turnover rate? Let\u2019s break it down.<\/p>\n\n\n\n

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<\/p>\n\n\n\n

What Is Tenant Turnover Rate?<\/strong><\/h2>\n\n\n\n

Tenant turnover rate is the percentage of tenants who move out of your property over a specific time frame.<\/p>\n\n\n\n

Formula:<\/strong><\/p>\n\n\n\n

Tenant Turnover Rate = (Number of Move-outs in a Year \u00f7 Total Number of Units) \u00d7 100<\/p>\n\n\n\n

This gives you a quick snapshot of how stable your tenant base is.<\/p>\n\n\n\n

To know more about whether a landlord can evict a tenant for damaging property<\/strong><\/a>, do read our in depth blog.<\/p>\n\n\n\n

Example: A Clear Picture<\/strong><\/h2>\n\n\n\n

Let\u2019s say you manage an apartment building with 20 units. Over the course of a year, 5 tenants moved out.<\/p>\n\n\n\n

If you manage an apartment building with 20 units, and 5 tenants move out over the course of a year:<\/p>\n\n\n\n

Tenant Turnover Rate = (5 \u00f7 20) \u00d7 100 = 25%<\/p>\n\n\n\n

Now, whether 25% is \u201cgood\u201d depends on your local rental market, but in general:<\/p>\n\n\n\n