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Many of the homes owned here are second homes that are only occupied during the tourist season. The housing inventory in Indian Wells has decreased by 36% in the last year, with median home prices rising by roughly 33%. Even when real estate is hot, there are places where homes sit on the market for a while. When a local government takes ownership of a property, it typically will attempt to transfer responsibility to a new owner as quickly as possible through the sale of either tax liens or the properties themselves.
However, while homes for migrant workers are tracked, these are a tiny portion of the vacant homes in the United States. The United States Census Bureau tracks the number of vacant homes in the United States and pushes that data out for the public, but it does lag compared to other data out there. Still, it’s some of the most reliable data available, and it tends to follow similar trends, no matter the total number of vacant homes out there. To create the report, Attom analyzed county tax assessor data on more than 98 million properties in metropolitan statistical areas with at least 100,000 single-family homes and condos and counties with at least 50,000.
How Many Vacant Houses in the United States?
Wailea, Hawaii, which is part of Maui County, currently has more than 3,500 vacant homes. While some of these are seasonal and recreational properties, nearly 2,000 of those vacant homes are rentals. With much of Hawaii’s economy reliant on tourism, the COVID-19 pandemic has not only added to the number of vacant rentals, it has led to the closure of multiple Maui businesses and restaurants. As a way to begin safely bringing tourists back to the islands, Hawaii implemented new pre-travel testing procedures in October rather than the previously required mandatory quarantine. Located in Southern California’s Coachella Valley, the city of Indian Wells is about 17 miles from the tourist destination of Palm Springs and is recognized as a vacation destination on its own.
The one thing most experts agree on, regardless whether vacant homes are in cities, towns or rural areas, is that there is no system to move people into these homes. It has the highest vacancy rate, 16.5 percent, among metropolitan areas with at least 100,000 residential properties. Wichita, Kansas, and Syracuse, New York, followed at 9.5 percent and 9.3 percent, respectively. When broken down by zip code and county, areas in Peoria also had the highest rates of owner-vacated properties.
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Of the over 11,000 vacant homes, more than 8,000 of those are seasonal residences. While the state banned vacation rentals in early 2020 due to the coronavirus, the short-term rental market as a whole has bounced back, both in Florida and across the country. Ruidoso’s proximity to Ski Apache resort makes it a popular destination for tourists and locals alike, and of the nearly 6,000 vacant homes, almost three-quarters are residences that are used recreationally or seasonally.
That might seem like an abnormally large number, but it’s a number that’s actually been on a steady decline in 2009. Whether you’re shopping for a new home or you simply want to know why there are so many empty homes in your neighborhood, we’re here to answer the question. That’s why we came up with this comprehensive guide to give you the most up-to-date information about vacant homes in the United States. New York and Florida are the states with the highest number of vacant homes, according to a new Attom Data Solutions study released today. Also part of Cape May County, the town of Avalon is on Seven Mile Island, a barrier island on the Jersey Shore. In April 2020, the Jersey Shore banned all short-term vacation rentals in the region, as well as closing hotels and motels, in an effort to curb the spread of COVID-19.
U.S. Housing Vacancy Rate Declined in Past Decade
That’s why most abandoned homes are no longer livable and need expensive repairs before anyone can move in. If you’re an investor looking to minimize expenses, consider checking out online brokerages.
Local governments bear the cost of maintaining, administering, and demolishing vacant and abandoned properties as well as servicing them with police and fire protection and public infrastructure. One study calculated that the city of Philadelphia spends more than $20 million annually to maintain some 40,000 vacant properties, which cost a conservatively estimated $5 million per year in lost tax revenue to the city and school district. Vacant and abandoned properties have negative spillover effects that impact neighboring properties and, when concentrated, entire communities and even cities. Research links foreclosed, vacant, and abandoned properties with reduced property values, increased crime, increased risk to public health and welfare, and increased costs for municipal governments. A nationwide epidemic of unoccupied homes is "America's other housing crisis," according to a CityLab report based on a recent Center for Community Progress study. The report cites the "staggering economic and social costs" that mass vacancies tend to create for the communities they affect.
The site allows data users to search geographies down to the block level and access data through tables, maps and downloads. America Counts Story Improved Race, Ethnicity Measures Show U.S. is More Multiracial Today’s release of 2020 Census data provides a new snapshot of the racial and ethnic composition of the country. As the state-level trends illustrate, not all areas of the United States experienced the housing crisis, Great Recession and subsequent recovery, in the same way. Core Based Statistical Areas — which comprise both metro and micro areas — show similar variations. These are homes that simply need someone to move into them, but it doesn’t mean that they’re sitting on the market ready for purchase.
While a good portion of the vacant homes in Siesta Key belongs to part-time or seasonal owners, there are also more than 2,000 vacant rental properties. Florida’s governor imposed restrictions on short-term vacation rentals for the state during the initial coronavirus shutdowns, which was lifted in May 2020. Located along the beaches of North Carolina, Oak Island is a popular haven for tourists and seasonal residents, with most of the vacant homes here being vacation homes that are not occupied year-round.
It also points out that the 2008 recession sent the number of vacant homes soaring by 26% between 2005 and 2010, from 9.5 million to 12 million. That number has since declined, but vacancies have still not returned to the pre-recession lows. With increased numbers of people “on the streets” local, state and federal governments will see budget deficits increase exponentially through the drop in property and residential taxes.
At 2,428 and 1,634 vacant properties, New York and Florida led the list of states with the highest number of zombie foreclosures. Across the country, just over 1.53 million single-family homes and condos currently sit vacant in the third quarter of 2019. Cities that have lost half or more of their peak populations have a far larger housing supply, transportation and utilities infrastructure, and service area than they have people to use and pay for them. For decades, planners and politicians alike have attempted to grow their cities out of such problems.
The most recent data from the National Alliance to End Homelessness puts the number of homeless people at 552,830. There are more than 17 million vacant homes across the U.S., according to the Census Bureau. The number of vacant homes in the U.S. increased to 19 million in the first quarter 2010, reported the Department of Commerce's Census Bureau.
Sure, we’re not building our way out of this housing shortage any time soon, but at least we’re on the right track, and more and more homes hit the market every month! If you find that you’re stressed out and think that you’re running out of time to purchase a home, there are far more elderly home buyers than you might think. While there’s undoubtedly a housing shortage in the United States, you can at least take a little refuge in knowing that more than a million new homes hit the market every year, and those numbers won’t drop any time soon. These 5 million homes are all accounted for when addressing the current housing crisis, so they don’t count at all toward the 4 million homes that the U.S. needs to meet demand.
In addition, a vacant unit may be one which is entirely occupied by persons who have a usual residence elsewhere. New units not yet occupied are classified as vacant housing units if construction has reached a point where all exterior windows and doors are installed and final usable floors are in place. Vacant units are excluded if they are exposed to the elements, that is, if the roof, walls, windows, or doors no longer protect the interior from the elements, or if there is positive evidence that the unit is to be demolished or is condemned. Also excluded are quarters being used entirely for nonresidential purposes, such as a store or an office, or quarters used for the storage of business supplies or inventory, machinery, or agricultural products. Vacant sleeping rooms in lodging houses, transient accommodations, barracks, and other quarters not defined as housing units are not included in the statistics. States with the highest vacancy rates in 2020 were Maine (21.2%), Vermont (18.7%), and Alaska (17.5%) .
The decennial census collects information on both vacant and occupied housing units and 2020 Census data released this week show a decline in the national vacancy rate. The percent of housing units that were vacant went from 11.4% in 2010 to 9.7% in 2020 but remained slightly higher than it was in 2000 (9.0%). A housing unit is a stand-alone home, separate apartment in a multi-dwelling building, a mobile home, a recreational vehicle or even a railroad car. Located on Long Beach and part of New Jersey’s Ocean County, North Beach Haven is a small coastal resort town. Long Beach Island is a popular vacation destination in the summer months, and of the nearly 5,000 vacant houses in North Beach Haven, more than 4,700 of those are seasonal residences.
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