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

5. Gary, Ind.

Vacancy rate: 6.6% (tied for 4th highest)
Median price per square foot: $85
Unemployment: 8.8% (Michigan City-LaPorte Ind.)

Of all metropolitan areas on this list, Gary’s was hit the least by the housing downturn. Home prices fell just 10.2% between the market’s peak and its trough. Although prices did not drop massively during the downturn, the asking price in Gary fell 3.5% from the previous year, worse than all but two metro areas. The average listing price in Gary is just $59,939.

(iStock)

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America’s Poorest States
America's Most Expensive Neighborhoods
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The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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