According to data from the U.S. Census Bureau, Dayton, Ohio has a home vacancy rate of 5%, the highest of the the 75 largest metro areas in the United States.
After Dayton, four cities in Florida – Tampa, Clearwater, St. Petersburg, and Orlando have all seen their share of unoccupied real estate increase in the last year. Overall, the number of homes for sale in Florida climbed to 177,000 in March, and increase of 15.7% from five years ago.
To the surprise of absolutely no one, but now it’s official: California has the lowest vacancy rate in the nation. Apparently, the U.S. Census Bureau tracks empty residences and in 2017 8.3 of California’s residences – rental and owned – were vacant.
What is somewhat surprising is that this represents an improvement over 2016’s 7.8 rate.
Limited availability isn’t just a California problem: nationwide the rate was 12.7 – an 11 year low.