Despite the continued shutdowns and economic uncertainty brought by the coronavirus, one market that flourished in 2020 was real estate. With interest rates at an all-time low and homes appreciating at a rapid pace, houses are selling faster than ever.
In most cities, inventory is depleted and bidding wars are common, but in some, things have reached a truly fevered pitch.
Sundae collected data from the U.S. Census Bureau’s American Community Survey 5-Year Estimates, released on Dec. 10, 2020, to compile a list of cities with the most vacant homes. The list is ranked by the percentage of vacant homes out of all housing units in the city, and ties are broken by the total number of vacant homes. Only cities with at least 5,000 housing units were considered.
Several of the towns around the Charlotte region were ranked among the lowest vacancy rates in America.
Out of 3,506 total cities ranked, Indian Trail came in at #3,405 with only 298 vacant homes out of 13,041 total units, Matthews came in at #2,982 with 501 vacant out of 12,512, and Fort Mill came in at #2,681 with 308 vacant out of 6,438. The City of Charlotte itself was ranked about halfway down the list at #1,624 with 28,988 vacant homes out of 359,379 total housing units.
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