These Florida Cities Surprisingly Have The Most Vacancies
A new study from Anytime Estimate looked at vacancy rates in the U.S. With their data they compiled a list of the 10 most vacant cities in America. They say that more than 16 million housing units in the U.S. are vacant. According to their study, more than one out of every ten housing units in America is going unused.
The study found that most cities with high vacancy rates are in tourism markets. This suggests that many of the vacancies are unused seasonal vacation homes. Considering that Florida is one of the country’s largest tourist markets and home to many vacation properties, it makes sense that the study says Florida has a lot of high-vacancy cities.
The most vacant city in the U.S.
According to the study, Orlando has an overall vacancy rate of 15.3 percent, with nearly 161,000 vacant housing units. Following behind Orlando, Miami is the second city with the most vacancies. Miami has an overall vacancy rate of 14.75%, with a homeowner vacancy rate of 1.7% and a rental vacancy rate of 6.4%.
However, Tampa is the third most vacant city in the U.S. Tampa has an overall vacancy rate of 13.71%, with a homeowner vacancy rate of 1.9% and a rental vacancy rate of 6.9%.
Though Jacksonville didn’t make the top 3, it did rank as number 7 for the most vacancies. Overall, vacancy rate of 11.87%, with a homeowner vacancy rate of 1.9% and a rental vacancy rate of 6.3%
The least vacant city in the U.S.
When it comes to the least vacant city in the U.S., the study says Minneapolis. The state has a very low vacancy rate of 4.6%.
Other cities they considered to have the most vacancies include Phoenix, Arizona, Memphis, Tennessee, Las Vegas, Riverside, California, New Orleans, and Birmingham, Alabama.
See the full study breakdown here.