These cities have the highest home vacancy rates


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Vacant homes can come in many different shapes and sizes — and conditions. They are often stereotyped as dilapidated houses with crumbling foundations and boarded-up windows. But they can also be move-in ready just waiting for their next owner.

Regardless of how they look, knowing the number of vacant homes in an area is an important part of understanding the overall health of the local housing market.

Here are the top 10 cities with the highest home vacancy rates:

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10. Memphis, Tennessee

Total households: 565,954

Total occupied households: 495,596

Total vacant households: 70,358

Percent of households that are vacant: 12.43% 

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9. Phoenix

Total households: 1,868,414

Total occupied households:  1,623,046

Total vacant households: 245,368

Percent of households that are vacant: 13.13%

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8. Riverside, California

Total households: 1,538,604

Total occupied households: 1,335,366

Total vacant households: 203,238

Percent of households that are vacant: 13.21%

Image Credit: Jon Bilous/shutterstock.

7. New Orleans

Total households: 554,706

Total occupied households: 480,817

Total vacant households: 73,889

Percent of households that are vacant: 13.32%

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6. Jacksonville, Florida

Total households: 625,888

Total occupied households: 542,219

Total vacant households: 83,669

Percent of households that are vacant: 13.37%

Image Credit: Sean Pavone/istockphoto.

5. Birmingham, Alabama

Total households: 511,456

Total occupied households: 440,261

Total vacant households: 71,195

Percent of households that are vacant: 13.92%

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4. Las Vegas

Total households: 877,617

Total occupied households: 749,858

Total vacant households:  127,759

Percent of households that are vacant: 14.56%

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3. Denver

Total households: 1,136,616

Total occupied households: 1,075,807

Total vacant households: 60,809

Percent of households that are vacant: 5.35%

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2. Minneapolis

Total households: 1,426,299

Total occupied households: 1,355,503

Total vacant households: 70,796

Percent of households that are vacant: 4.96%

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1. San Jose, California

Total households: 676,737

Total occupied households: 647,891

Total vacant households: 28,846

Percent of households that are vacant: 4.26%

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