Come here often? Make your homepage » close


Your XFINITY Connect session has timed out due to inactivity. Click here to go back close

24/7 Wall St.: The 10 Markets with the Most Empty Homes

1. Detroit, Mich.

Vacancy rate: 12.3%
Median price per square foot: $47
Unemployment: 10.0%

Detroit’s housing market has taken a larger hit than most in recent years due to problems in the automobile industry. Between its highest and lowest point, homes prices dropped 39%. The median price per square foot of just $47 is the lowest out of all 100 metropolitan areas measured. For every one new or resale home listing on Trulia, nearly another three are in some phase of the foreclosure process. A troubling thought for anyone contemplating selling a home in this oversaturated market is that despite low home prices (the average listing is under $48,000), the number of sales has actually decreased by more than 27% on a year-over-year basis.


More From 24/7 Wall St.:
America’s Poorest States
America's Most Expensive Neighborhoods
America's Most and Least Expensive Thanksgivings

The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

Ad Info - Ad Feedback

Ad Info - Ad Feedback