Blog Articles

Top 10 Housing Markets With the Most Zombie Foreclosures in Q3 2019 by ATTOM Data featured by SVN | SFRhub Advisors

Post featured image

According to ATTOM Data Solutions’ just released Q3 2019 Vacant Property and Zombie Foreclosure Report, there are more than 1.5 million (1,530,563) U.S. single-family homes and condos vacant, representing 1.6 percent of all homes.

The report showed there are a total of 9,612 “zombie” homes or properties facing possible foreclosure which have been vacated by their owners nationwide. New York had the highest number of zombie properties (2,428), followed by Florida (1,634), Illinois (985), Ohio (891) and New Jersey (463). If you are interested in learning more about how to obtain a detailed vacancy analysis, click here.

In drilling down to the local market level, which housing markets have the most “zombie” properties? Here are the top 10 metros, counties and zip codes with the highest number of zombie foreclosures in Q3 2019:

The top 10 metros with the highest number of zombie properties (with at least 100,000 residential properties) are New York-Newark-Jersey City, NY-NJ-PA (1,566); Chicago-Naperville-Elgin, IL-IN-WI (534); Miami-Fort Lauderdale-West Palm Beach, FL (506); Cleveland-Elyria, OH (431); Tampa-St. Petersburg-Clearwater, FL (351); Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (281); Albany-Schenectady-Troy, NY (174); Rochester, NY (172); Baltimore-Columbia-Towson, MD (171); and Jacksonville, FL (155).

The top 10 counties with the highest number of zombie properties (with at least 500 properties in foreclosure) are Suffolk, NY (475); Cuyahoga, OH (392); Nassau, NY (322); Cook, IL (316); Broward, FL (181); Pinellas, FL (174); Palm Beach, FL (172); Miami-Dade, FL (153); Monroe, FL (143); and Duval, FL (131).

The top 10 zip codes with the highest number of zombie properties (with at least 100 properties in pre-foreclosure) are 44105 in Cleveland, OH (57); 44108 in Cleveland, OH (54); 61605 in Peoria, IL (53); 44112 in Cleveland, OH (37); 14701 in Jamestown, NY (30); 11967 in New York, NY (28); 11520 in New York, NY (27); 11717 in New York, NY (27); 34668 in Tampa, FL (26); and 12078 in Gloversville, NY (26).

ATTOM’s Q3 2019 Vacant Property and Zombie Foreclosure Report also noted the highest levels of vacant investor-owned properties were in Indiana (8.8 percent), Kansas (6.7 percent), Minnesota (6.0 percent), Ohio, (5.9 percent) and Rhode Island (5.8 percent).

And at the zip code level, the top 10 zip codes with the highest number of vacant investor-owned properties were in these zips: 29928 in Hilton Head Island, SC (4,941); 48505 in Flint, MI (2,828); 29582 in Myrtle Beach, SC (2,728); 29572 in Myrtle Beach (2,325); 48504 in Flint, MI (1,774); 48227 in Detroit, MI (1,733); 92262 in Riverside, CA (1,727); 48228 in Detroit, MI (1,670); 19132 in Philadelphia, PA (1,648); and 48224 in Detroit, MI (1.627).

Top 10 Housing Markets With the Most Zombie Foreclosures in Q3 2019

Continue reading here.

Contact Jeff Cline at SVN | SFRhub Advisors
SVN | SFRhub Advisors
Phone: 602-441-5354
2400 E. Arizona Biltmore Circle
Suite 1400
Phoenix, AZ 85016

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.