EMPTY NESTS
posted 24 Feb 2009
by Brian Beers, Senior Producer
As 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%
(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%
(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%
(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%
(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%
(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%
(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%
(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%
(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%
(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%
(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%
(Source: U.S. Census Bureau* Based on Homeowner Vacancy Rates for the 75 Largest Metropolitan Statistical Areas for the Fourth Quarter of 2008)
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Related:
- 10 Highest Rental Vacancy Rates
- Million Dollar Homes Across America
- Financial Crisis Then & Now