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August 22, 2014

10 States With the Highest Home Ownership Vacancies

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10 States With the Highest Home Ownership Vacancies

The housing market is heating up, but some metros are still posting a large percentage of vacancies. The U.S. Census Bureau released a report of home ownership rates for the 75 largest metro areas for 2012. 

The following are the 10 metros with the largest number of home ownership vacancies (and that metro's vacancy rate). 

  • Bakersfield, Calif.: 4%
  • Greensboro, N.C.: 3.5%
  • Las Vegas: 3.4%
  • Toledo, Ohio: 3.3% 
  • Riverside-San Bernardino, Calif.: 3.3%
  • St. Louis: 3.1%
  • Virginia Beach: 2.9% 
  • New Orleans: 2.9% 
  • Providence, R.I.: 2.9% 
  • Chicago: 2.8%

Meanwhile, the metros with the lowest home ownership vacancy rates were El Paso, Texas (0.1%); Springfield, Mass. (0.4%); Oxnard, Calif. (0.5%); and Rochester, N.Y. (0.5%).

Source: “Which Metros Have the Highest Home Ownership Vacancy Rates?” Jacksonville Business Journal (March 4, 2013) 

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