The U.S. housing market is trending upward and is the strongest it’s ever been. This is clear in the number of vacant homes across the country. Nationwide, the average home vacancy rate is only 1.52 percent which is the lowest it has been since the 1990s.
This article outlines the states that have the most vacant homes in the U.S. These are cities where at least 5,000 homes, including apartments and condos, sit vacant. A large number of areas with vacant homes are located in the Midwest, where state laws make it harder for people to buy homes.
At one point, Gary was a major city in Indiana with a thriving steel industry and was even the home of the Jackson Five. However, many of the steel companies were eventually taken over by businesses in other cities and states through mergers and acquisitions.
Gary, Indiana was soon labeled “abandoned” and as of 2014, only 78,000 people live there. This is a massive drop from the 178,000 people that resided here during the ’90s. The total number of single-family homes in Gary is 29,501 with over 5,728 vacant homes which represent 19.4 percent of the total.