24/7 Wall St., a financial news website, used tax assessor data from ATTOM Data Solutions to examine the number of single-family homes and condos that are empty in 15,957 ZIP codes, to determine which American cities had the most vacancies.
Twenty-nine cities were found to have at least 5,000 single-family homes and condos abandoned. In most of the cities on this list, the rate is well beyond the national vacancy rate of 1.52%.
Gary, Indiana; Detroit, Michigan; and Baltimore, Maryland, were identified as some of the cities that have the highest vacancy rates in the country. These vacancies are concentrated in neighborhoods with low incomes that suffer from decades of economic decline due to deindustrialization.
Most of these cities with high vacancy rates are situated in deindustrialized zones in the Midwest and Rust Belt regions. The loss of key industries was gradual and started in the 1970s.