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Vacant and abandoned properties have long plagued the industrial cities of America’s Rust Belt, but the spike in foreclosures following the recent recession has compounded problems for these areas and has caused vacancy rates to surge nationwide, especially in recently booming Sun Belt states such as Florida, Arizona, and Nevada.
At the city level, Detroit had the highest vacancy rate, with 53,000 empty houses, nearly one in five. Nationally, close to one of every 63 residential properties that RealtyTrac analyzed are vacant.
The site found Gary, Indiana, had an extremely high percentage – nearly 20 percent – of vacant homes. hilton head island, South Carolina, and Flint, Michigan, also had a very high vacancy rate at nearly 17 and 16 percent, respectively. Here’s a look at 15 cities in the U.S. that have the most vacant homes, per 24/7 Wall St. Gary, Indiana:19.4%
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In these cities, vacancy rates are well in excess of 10%. A large number of the American cities with the most vacant homes can be found in the Midwest.
Good question and a bit difficult to answer. The National Mulitfamily Housing Association puts the total number of housing units (homes and individual apartments) at.
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Which city has the most vacant homes in the US? FOX Business – Jennifer Earl. If you live in a large Midwestern city, you may see more empty homes than usual. According to new research from 24/7 wall st., that’s where a "large number" of vacant properties in the U.S. can be found.
The Bulk of the Vacancies. The cities with the highest percentage of vacant homes belonging in this category are primarily on the east coast. Myrtle Beach, South Carolina tops the list with 95% of the vacant properties falling into the investment property category.
In a study* out today, RealtyTrac took publicly recorded real estate data and compared it with monthly updated vacancy data from the U.S. Postal Service to come up with the Top 5 Most Vacant Cities, and the Top 5 Most Occupied Cities in theThe 10 US Markets With the Biggest Rent Increases & Decreases in 2015