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Pete has been working in the trades since high school, where he first developed a passion for woodworking. Over the years, he has developed a keen interest in a wide variety of DIY projects around the home. Fascinated by all sort of tools, Pete loves reading and writing about all the latest gadgets and accessories that hit the market. As the founder of House Grail, Pete's primary goal is to help consumers make educated decisions about DIY projects at home, in the garage, and in the garden. But regardless of the reason for the abandonment, eventually, these homes fall into disrepair and need extensive repairs to become livable again.
With so many year-round tourist attractions, the economy here is strong, boasting an unemployment rate of just 1.9%. More than 4,500 of the vacant houses here are used by seasonal residents, accounting for more than 50% of Vail’s total housing units. A small town that occupies both Camden and Miller counties in Missouri, Osage Beach is part of Lake of the Ozarks, a lake and reservoir that attracts millions of visitors each year.
Statistics
The unemployment rate here is fairly high at 5.1%, and the region has seen its job market decrease by 0.6% in the last year. The housing market here remains strong, however, with inventory dropping by more than 60% in the last year, and sales prices going up by more than 20%. Known as “The Island,” this New Jersey beach town is a popular East Coast destination, conveniently located a few minutes from Atlantic City. There are a total of 9,477 housing units in Brigantine, with more than 5,400 homes sitting vacant. Most of those vacancies are houses that belong to seasonal residents and are only used occasionally.
Texas had 1,216,084 empty units and ranked 33rd in its vacancy rate of 10.6 percent. The state has the second-largest number of total housing units, after California. A housing unit is vacant if no one is living in it at the time of the interview, unless its occupants are only temporarily absent.
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More than half of the nearly 9,000 housing units here are vacant due to being used seasonally, and there are just over 200 homes that are either for sale or for rent. The economy here has remained stable, with a low unemployment rate of 3.4%, and housing prices have increased slightly. Sanibel has become more of a seller’s market, with inventory down by nearly 50% in the last year, although homes appear to remain on the market longer. Destin is a Florida beach town on the Gulf of Mexico, known for its fishing and for the many golf courses in the area. There is a fairly healthy tourist trade, which explains why of the more than 8,000 vacant homes in the region, over 7,000 of those are used seasonally. Overall, the housing market here is strong, with home prices approximately 30% higher than they were a year ago, and total inventory for single family homes nearly 30% less.
This Outer Banks town a few miles east across the water from Roanoke Island is a popular summer tourist destination. More than 52% of the homes here sit vacant, but of those vacant homes, a good portion is second homes that are only occupied seasonally. According to the Outer Banks Association of Realtors, housing inventory in the area dropped dramatically in 2020, and as a result of such demand, median housing prices in Kill Devil Hills went from $285,000 to $315,000.
Cities With the Most Vacant Homes
Projections from March estimated that unemployment, during and due to the COVID-19 pandemic, could reach 30% - over 50 million. If these projections are even remotely close, based on our data, more than 25 million people face losing their homes due to the drop in income and lack of financial support. Through the brunt of the pandemic, several protections were created federally and by states to protect renters and those paying mortgages. However, like many of the other government actions, their time frames are starting to run out and struggling citizens could soon find themselves without a roof over their heads. Our research showed that between 2010 and 2018, there had been a 13.6% decrease in the number of homeless people in the US. However, in 2020 the economy and people's finances have been rocked by the COVID-19 pandemic.
Given the most recent data available to us, we can evaluate the statistics from 2020 and use historical trends to provide us with a really good estimate of how many homes are out there. Tutorial How to Visualize 2020 Census Redistricting Data for Your Area August 12, 2021 In this Data Gem, you will learn how to use the 2020 Census Demographic Data Map Viewer to easily visualize 2020 Redistricting Data for your area. Courses How to Access 2020 Census Redistricting Data Files from the FTP Site This all-levels course will teach you how access redistricting data. Among the largest 30 metropolitan areas, all but one saw a decrease in vacancy rate. Not all areas, including the District of Columbia and Puerto Rico, saw a decrease in their vacancy rate from 2010.
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The one with the highest vacancy rate is Gary, Indiana, where the number is above 19%. Big Bear Lake is a small town on the shores of Southern California’s Big Bear Lake, one of the region’s most popular lakeside destinations. The majority of vacant homes here are those used seasonally or recreationally, and there are minimal homes for sale or rent. Like nearby Big Bear City, the housing market here has shown a marked decrease in inventory over the last year, while home prices have gone up by approximately 20%.
An empty home is what the government refers to as a ‘vacant housing unit’, which, for whatever reason, is not occupied by a citizen. This can include vacation homes but also properties which have sold but are not occupied. This is according to the United States Census Bureau, where all property data for this analysis was collected. You can see all exceptions and inclusions to property types in the official government definition. For this reason, a high vacancy rate does not necessarily signify a lack of demand and low prices, the LendingTree analysis explained.
While there are a number of vacant homes in the area, the bulk is vacation homes only used occasionally. This beach community is just 20 miles from Miami, and normally has a large number of seasonal visitors. Vacant houses here consist primarily of seasonal and vacation homes, many of which have remained vacant in the wake of the coronavirus. Before COVID-19 hit, the economy in Sunny Isles had an unemployment rate of just 3.3%.
Despite the continued shutdowns and job loss brought by COVID-19, one segment of the economy that flourished in 2020 was real estate. With interest rates near all-time lows and homes appreciating at a rapid pace, houses sold faster than ever last year and the trend looks to continue in 2021. When an owner stops paying property taxes, local governments initiate a tax-foreclosure process by placing a tax lien on the property. The lien is intended both to recover taxes owed and to prompt the owner to take responsibility for the property.
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.
The region attracts more than 19 million visitors each year, and the majority of vacant homes here belong to owners who don’t live in Sunset Beach year-round. At the onset of the COVID-19 pandemic, the town implemented a ban on both long- and short-term rentals, and vacation homeowners were asked to refrain from visiting, although that ban has since been lifted. Home to entertainer Dolly Parton’s theme park Dollywood, the Smoky Mountain Opry, and other entertainment, Pigeon Forge brings in millions of visitors each year and earns billions in revenue. The economy in Pigeon Forge is stable, with an unemployment rate of just 3.3%—0.4% lower than the U.S. average. Many tourist attractions have remained at least partially open during the COVID-19 pandemic.
Safest Cities in Georgia (2022 Update)
Government Accountability Office reported in 2011 that vacant residential units, not including those used seasonally or by migrant workers, increased from 7 million in 2000 to 10 million in 2010. To them, empty homes can become assets in neighborhood stabilization and revitalization that can be renovated and reoccupied. Census surveys reveal U.S. vacancy rates, but applying the data to a home search or to social issues is complex.
To that end, most Stacker stories are freely available to republish under a Creative Commons License, and we encourage you to share our stories with your audience. However, with the average job search taking 9 weeks , our data found that just 51 million (32.9%) of the US’ 156 million workers have enough in savings to keep them afloat between losing and starting a new job. According to our data, over 76 million (48.8%) American workers have less than a month’s worth of savings should they lose their job, with 1 in 10 (9.4%) people saying they would struggle after just a week. If these figures in our map aren’t concerning enough, 2020 and the Coronavirus has created a whole new set of worries when it comes to housing, affordability and homelessness. Use the map below to click through each year to see how each state compares, as well as how the actual numbers of empty homes and homelessness have changed since 2010.
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