Millions of Homes Are Vacant in the U.S.
Home vacancy rates provide insight into housing demand, with high rates often signaling oversupply or reduced demand, which can impact home values and economic growth. A recent LendingTree analysis found that Maine, Vermont and Alaska had the highest vacancy rates, mostly due to seasonal or recreational properties, while Washington, Oregon and Connecticut had the lowest. Interestingly, states with low vacancy rates tend to have significantly higher median home values and overall, vacancy rates have dropped in nearly every state except Washington.