Flint, MI San Jose-Sunnyvale-Santa Clara, CA Fort Collins, CO RealtyTrac - Out of nearly 85 million residential properties (1 to 4 units) nationwide, more than 1.3 million (1.6%) were vacant in February 2016, down from 1.5 million vacant (1.8%) in September 2015.
- Investment properties are more likely to be vacant (4.3% vacancy rate nationwide), but investment property vacancy rates a rock-bottom 3% in more than one-third of U.S. markets — good news for landlords but bad news for renters in those markets.
- Vacant “zombie” foreclosures were down 4% from a year ago nationwide, but continue to increase in a minority of markets, mostly those with a protracted foreclosure process or high numbers of blighted properties.
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