ATTOM Data Solutions’ just released Q2 2021 Vacant Property and Zombie Foreclosure Report found that 1.4 million residential properties in the U.S are vacant in Q2 2021, representing 1.4 percent of all homes. The report also found that the number of pre-foreclosure homes or Zombie homes sitting empty in Q2 2021 – 8,078 – is up both quarterly, by 21 percent, and annually, by 5.6 percent.
The latest vacant properties report compiled by ATTOM, analyzed publicly recorded real estate data — including foreclosure status, equity, and owner-occupancy status — matched against monthly updated vacancy data. Vacancy data is available for U.S. residential properties at https://www.attomdata.com/solutions/marketing-lists/.
The report noted that 223,671 properties are in the process of foreclosure in Q2 2021, up 27.5 percent from Q1 2021 but still down 13.3 percent from Q2 2020.
According to ATTOM’s Q2 2021 vacant property and zombie foreclosure analysis, the portion of pre-foreclosure properties that have been abandoned into zombie status dropped slightly, from 3.8 percent in Q1 2021 to 3.6 percent in Q2 2021.
The Q2 2021 analysis also reported that among the nation’s total stock of 99 million residential properties, the portion represented by zombie properties remains miniscule, but has grown slightly. In Q2 2021, one of every 12,256 homes are sitting empty in the foreclosure process, up from one in 14,825 in Q1 2021 and up from one in 12,967 in Q2 2020.
The report noted that New York continues to have the highest number of zombie properties in Q2 2021 (2,052), followed by Ohio (1,033), Florida (1,021), Illinois (897) and Pennsylvania (401).
In this post, we dive deeper into the data behind our Q2 2021 vacant property and zombie foreclosure report to uncover the top 10 U.S. zip codes with the highest numbers of zombie properties in Q2 2021. Those zips include: 44108 – Cleveland, Ohio (58 zombies); 44105 – Cleveland, Ohio (54 zombies); 44112 – Cleveland, Ohio (49 zombies); 13601 – Watertown, New York (29 zombies); 44137 – Maple Heights, Ohio (26 zombies); 60617 – Chicago, Illinois (26 zombies); 61604 – Peoria, Illinois (26 zombies); 44120 – Cleveland, Ohio (24 zombies); 44128 – Cleveland, Ohio (24 zombies); and 61605 – Peoria, Illinois (24 zombies).
ATTOM’s Q2 2021 vacant property and zombie foreclosure analysis also reported that the number of residential properties facing possible foreclosure which have been vacated by their owners nationwide in Q2 2021, is up from 6,677 in Q1 2021 and from 7,652 in Q2 2020. The reported noted that figure has increased, quarter over quarter, in 33 states and the District of Columbia.
The report also revealed that among states with at least 100 zombie foreclosure in Q2 2021, some the biggest increases from Q1 to Q2 of this year include Maryland (up from 44 to 151), Iowa (up from 43 to 114), North Carolina (up from 68 to 119), South Carolina (up from 79 to 133) and Ohio (up from 633 to 1,033).
Want to learn more about vacant properties and zombie foreclosures in your area? Contact us to find out how!
