This is a companion post to last week’s piece on the “10 States with the Highest Vacancy Rates”
Occupancy Rates Just One Factor in Housing Market Health
Just as the percentage of “vacant” or unoccupied homes is one factor of many in determining the health of an area’s housing market, the occupancy rate of primary/secondary homes, rentals, and abandoned or foreclosed homes is just one factor of many in determining the health of a specific housing market.
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LendingTree just released its study on data comparing vacancy/occupancy rates in all 50 of our nation’s states. Last week, we provided a list of the Top 10 States with the Highest Vacancy Rates…this week we provide a list of the Top 10 States with the Highest Occupancy Rates.
Know that our country’s national vacancy/occupancy rates haven’t changed much over the past 20 years. During 2000, 9% of our country’s houses were unoccupied, 11.4% in 2010 and 9.7% in 2020, according to data from Lending Tree and US Census Bureau.
Where Are the Most Occupied Homes?
State # Homes # Vacant Homes Vacancy Rate
Colorado 2,432,832 231,009 10%
Utah 1,161,907 109.874 9%
Maryland 2,482,043 226,875 9%
Illinois 5,399,497 492,165 9%
Massachusetts 2,944,398 256,977 9%
California 14,383,549 256,977 9%
New Jersey 3,654,920 308,884 8%
Connecticut 1,530,056 123,819 8%
Washington 3,242,721 255,063 8%
Oregon 1,830,846 141,983 8%
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Thanks to LendingTree and US Census Bureau.
