Irvine, Calif.-based RealtyTrac recently released a report that the residential property vacancy rate in the United States has dropped 9.3% since the middle of 2015. Huffington Post followed up, and produced a Top 10 list of cities with the highest rate of vacant homes. Those cities are: Detroit, Mich.; Flint, Mich.; Baltimore, Md.; Youngstown, Ohio; Jackson, Miss.; Toledo, Ohio; Macon, Ga.; Montgomery, Ala.; St. Petersburg, Fla.; and Saginaw, Mich. The company crunched the numbers and developed the list using public real estate data.
Despite high rates in these and other cities, supply is still an issue in most real estate markets. “With several notable exceptions, the challenge facing most U.S. real estate markets is not too many vacant homes but too few,” said Daren Blomquist, vice president at RealtyTrac.
Review the Top 10 U.S. Cities for Vacant Homes.
