10 Highest Homeowner Vacancy Rates for Large U.S. Metro Areas

Topics:Credit | Economy (U.S.) | Real Estate | Housing

By: Brian Beers, Senior Producer | 24 Feb 2009 | 01:44 PM ET

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posted 24 Feb 2009by Brian Beers, Senior ProducerAs the economy plunged into recession in 2008, the latest data from the U.S. Census Bureau on housing vacancies helps paint a grim statistical picture for the housing market. Nationally in the fourth quarter of 2008, homeowner vacancy rates remained quite elevated at 2.9%.We've filtered through the data on the 75 largest metropolitan areas, to find those that are being hit the hardest by homeowner vacancies. Is your metro area on the list?Related:- 10 Highest Rental Vacancy Rates- Million Dollar Homes Across America- Financial Crisis Then & Now

#10(tie) Minneapolis, MN: 4.0%
Photo: iStockphoto
(Source: U.S. Census Bureau* Based on Homeowner Vacancy Rates for the 75 Largest Metropolitan Statistical Areas for the Fourth Quarter of 2008)Metro area includes: Minneapolis, St. Paul, Bloomington

#10(tie) Detroit, MI: 4.0%
Photo: iStockphoto
(Source: U.S. Census Bureau* Based on Homeowner Vacancy Rates for the 75 Largest Metropolitan Statistical Areas for the Fourth Quarter of 2008)Metro area includes: Detroit, Warren, Livonia

#8(tie) Springfield, MA: 4.2%
Photo: iStockphoto
(Source: U.S. Census Bureau* Based on Homeowner Vacancy Rates for the 75 Largest Metropolitan Statistical Areas for the Fourth Quarter of 2008)

#8(tie) Sacramento, CA: 4.2%
Photo: iStockphoto
(Source: U.S. Census Bureau* Based on Homeowner Vacancy Rates for the 75 Largest Metropolitan Statistical Areas for the Fourth Quarter of 2008)Metro area includes: Sacramento, Arden, Arade, Roserville

#6(tie) Cincinnati, OH: 4.3%
Photo: iStockphoto
(Source: U.S. Census Bureau* Based on Homeowner Vacancy Rates for the 75 Largest Metropolitan Statistical Areas for the Fourth Quarter of 2008)Metro area includes: Cincinnati, Middletown

#6(tie) Atlanta, GA: 4.3%
Photo: AP
(Source: U.S. Census Bureau* Based on Homeowner Vacancy Rates for the 75 Largest Metropolitan Statistical Areas for the Fourth Quarter of 2008)Metro area includes: Atlanta, Sandy Springs, Marietta

#5 Tulsa, OK: 4.5%
Photo: iStockphoto
(Source: U.S. Census Bureau* Based on Homeowner Vacancy Rates for the 75 Largest Metropolitan Statistical Areas for the Fourth Quarter of 2008)

#3(tie) Riverside, CA: 4.7%
Photo: danorth1
(Source: U.S. Census Bureau* Based on Homeowner Vacancy Rates for the 75 Largest Metropolitan Statistical Areas for the Fourth Quarter of 2008)Metro area includes: Riverside, San Bernardino, Ontario

#3(tie) Las Vegas, NV: 4.7%
Photo: AP
(Source: U.S. Census Bureau* Based on Homeowner Vacancy Rates for the 75 Largest Metropolitan Statistical Areas for the Fourth Quarter of 2008)Metro area includes: Las Vegas, Paradise

#2 Greensboro, NC: 5.9%
Photo: deeleea
(Source: U.S. Census Bureau* Based on Homeowner Vacancy Rates for the 75 Largest Metropolitan Statistical Areas for the Fourth Quarter of 2008)Metro area includes: Greensboro, High Point

#1 Orlando, FL: 7.3%
Photo: iStockphoto
(Source: U.S. Census Bureau* Based on Homeowner Vacancy Rates for the 75 Largest Metropolitan Statistical Areas for the Fourth Quarter of 2008)- Replay SlideshowRelated:- 10 Highest Rental Vacancy Rates- Million Dollar Homes Across America- Financial Crisis Then & Now

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