November 28, 2015

5 Most Unhealthy Housing Markets

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5 Most Unhealthy Housing Markets

While some housing markets are showing subtle signs of being on the path to stabilizing, some markets are still battling high foreclosures and seeing high vacancy rates in home ownership, as well as rentals.

24/7 Wall St. recently used Census data to analyze the 75 largest metro areas and rank them based on overall home owner and rental vacancy rates for the second quarter of 2011, as well as identify where housing demand has dropped the most.

Here are five metro areas that made it on 24/7 Wall St.’s “sickest housing” market list. 

Tucson, Ariz. 

Home owner vacancy rates: 6.8 percent (1st)

Rental vacancy rates: 15.9 percent (6th)

Total housing units: 440,909

Unemployment:7.8 percent


Indianapolis, Ind.

Home owner vacancy rates: 5.2 percent (5th)

Rental vacancy rates: 13.5 percent (10th)

Total housing units: 757,441

Unemployment: 7.8 percent


Memphis, Tenn.

Home owner vacancy rates: 4 percent (9th)

Rental vacancy rates: 13.5 percent (11th)

Total housing units: 550,896

Unemployment: 10.1 percent


Atlanta, Ga.

Home owner vacancy rates: 5.4 percent (4th)

Rental vacancy rates: 11.8 percent (17th)

Total housing units: 2,165,495

Unemployment: 9.7 percent


Baton Rouge, La.

Home owner vacancy rates: 3.9 percent (11th)

Rental vacancy rates: 13 percent (12th)

Total housing units: 329,729

Unemployment: 8.4 percent


View all 10 cities that made the “sickest housing markets” list at 24/7 Wall St. 

Source: “America’s 10 Sickest Housing Markets,” (Aug. 5, 2011)