Over 20% of homes in Maine are vacant due to a saturated housing market and economic downturn. The US has seen a rise in vacant homes, with around 12% of homes being vacant. Other states with high vacancy rates include Florida, Vermont, Arizona, and Nevada. Two-thirds of Maine’s vacant homes are vacation homes, while other states have mostly foreclosed homes. California, Washington, Illinois, and Virginia have the lowest vacancy rates, with around 9% or less of homes being vacant.
A combination of a saturated housing market and an economic downturn has left more than a fifth of Maine’s homes vacant. The United States in general has seen a large increase in vacant homes: in fact, approximately 12% of homes in the United States are vacant.
Further information on vacant accommodation:
Maine isn’t the only U.S. state experiencing a high rampage of vacancy: About 20 percent of homes in Florida and Vermont are vacant. More than 16% of homes in Arizona are vacant, as are about 15% in Nevada.
Although many homes in Maine are vacant, approximately two-thirds of them are vacation homes. In other states, however, most vacant homes have been foreclosed. Florida’s housing availability rate is still around 10%, even when vacation rentals aren’t included.
The states with the lowest vacancy rates in the United States are California, Washington, Illinois and Virginia, each of which have about 9% or less of their homes vacant.
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