American cities are too busy, and one might think people really don’t have enough space to live. However, if we take the United States as a whole, there are way too many vacant homes.
According to a recent study, it was revealed that nearly 1.5 million US single-family homes and condos were vacant at the end of the third quarter. A report by property database ATTOM Data Solutions shows that this represents 1.52% of all homes in the US.
Another amusing fact that came up was that by the end of Q3, there were 10,291 vacant “zombie” foreclosures homes in the US — 3.38% of all homes actively in the foreclosure process.
Tennessee led the pack with the highest share of vacant homes (2.65%), followed closely by Kansas (2.50%) and Oklahoma (2.49%.) Finishing the top 5 were Mississippi (2.47%), and Indiana (2.45%.)
When taking metropolitan statistical areas, Flint, Michigan led with a 6.99% vacant rate. Baltimore City, Maryland (7.83%) was the leader in counties.
At least one in 10 homes vacant in 217 zip codes
Among the 15,957 US zip codes in the report, 217 had a combined population of more than 2.8 million. These zip codes posted a vacant home rate of at least 10% at the end of the third quarter.
46402 in Gary, Indiana was 31.41% vacant, while 48505 in Flint, Michigan was 31.17%, the highest among them and touching the 30% mark.
The analysis, however, included only metropolitan statistical areas with at least 100,000 single family homes and condos, and counties with at least 50,000 single family homes and condos.
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