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ATTOM’s just released Q3 2022 Vacant Property and Zombie Foreclosure Report shows that 1.3 million residential properties in the U.S. sit vacant, representing 1.3 percent, or one in 78 homes, across the nation.

ATTOM’s latest vacant properties analysis also shows that 270,470 residential properties in the U.S. are in the process of foreclosure in Q3 2022. That figure is up 4.4 percent from Q2 2022 and 25.5 percent from Q3 2021, marking the fourth straight quarter that the count of pre-foreclosure properties has increased, since a nationwide moratorium on lenders pursuing delinquent homeowners was lifted at the end of July 2021.

The Q3 2022 vacancy report noted that among those pre-foreclosure properties, 7,707 are zombie-foreclosures (pre-foreclosure properties that sit vacant) in Q3 2022, up 1.8 percent from Q2 2022 and 2.2 percent from Q3 2021.

ATTOM’s latest vacancy report found that the number of zombie-foreclosures remains historically low, with just one of every 12,947 homes in Q3 2022 sitting vacant and in foreclosure, meaning that most neighborhoods still have no such properties. The report also noted that the portion of pre-foreclosure properties that have been abandoned into zombie status continues to decline – from 3.5 percent in Q3 2021 to 2.9 percent in Q2 2022 and 2.8 percent in Q3 2022.

According to ATTOM’s Q3 2022 vacancy report, among U.S. metros with at least 100,000 residential properties and at least 100 properties facing possible foreclosure in Q3 2022, the highest zombie foreclosure rates are in Wichita, KS (11.9 percent of properties in the foreclosure process are vacant); Peoria, IL (10.5 percent); Cleveland, OH (8.9 percent); Syracuse, NY (8.7 percent) and South Bend, IN (8.2 percent).

The report also shows the highest zombie-foreclosure rates in U.S. counties with at least 500 properties in the foreclosure process in Q3 2022 are in Broome County (Binghamton), NY (11.4 percent zombie foreclosures); Cuyahoga County (Cleveland), OH (10.1 percent); Pinellas County (Clearwater), FL (9.9 percent); Onondaga County (Syracuse), NY (9.3 percent) and Oneida County, NY (outside Syracuse) (8.5 percent).

In this post, we take a deep dive into the data to uncover the top 10 zombi‘fied’ zips, or zip codes with the highest zombie foreclosure rates among those zips with at least 1,000 residential properties and 100 of them facing possible foreclosure in Q3 2022. Those zips include: 44108 – Cleveland, Ohio (31.6 percent); 44112 – Cleveland, Ohio (28.0 percent); 44105 – Cleveland, Ohio (26.5 percent); 44110 – Cleveland, Ohio (20.5 percent); 61604 – Peoria, Illinois (19.1 percent); 44109 – Cleveland, Ohio (14.3 percent); 44102 – Cleveland, Ohio (12.4 percent); 13601 – Watertown, New York (12.3 percent); 44120 – Cleveland, Ohio (12.2 percent); and 13903 – Binghamton, New York (12.1 percent).

ATTOM Chart on Top 10 Zombified Zips in Q3 2022

ATTOM’s vacancy report analyzes publicly recorded real estate data collected by ATTOM — including foreclosure status, equity and owner-occupancy status — matched against monthly updated vacancy data. (See full methodology below). Vacancy data is available for U.S. residential properties at https://www.attomdata.com/solutions/marketing-lists/.

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