According to ATTOM’s newly released Q4 and March 2024 U.S. Foreclosure Market Report, there were a total of 95,349 U.S. properties with foreclosure filings in the first quarter. That figure was up 3 percent from the previous quarter but down less than 1 percent from a year ago.
ATTOM’s latest foreclosure activity analysis reported that nationwide one in every 1,478 properties had a foreclosure filing in Q1 2024. The report noted that states with the highest foreclosure rates in Q1 2024 were Delaware (one in every 894 housing units with a foreclosure filing); New Jersey (one in every 919 housing units); South Carolina (one in every 929 housing units); Nevada (one in every 961 housing units); and Florida (one in every 973 housing units).
The report also noted that among those 224 metro areas with a population greater than 200,000, those with the highest foreclosure rates in Q1 2024 were Columbia, South Carolina (one in every 569 housing units); Spartanburg, South Carolina (one in 597); Lakeland, Florida (one in 624); Atlantic City, New Jersey (one in 628); and Cleveland, Ohio (one in 662).
In this post, we take a more granular look by diving deep into the data behind ATTOM’s Q1 and March 2024 foreclosure report to uncover the top 10 U.S. zip codes with the highest foreclosure rates in Q1 2024. Among those larger zips with 1,000 or more housing units and 10 or more foreclosure filings in Q1 2024, those with the worst foreclosure rates include: 77327 – Cleveland, Texas (on in every 15 housing units); 93222 – Frazier Park, California (one in every 39); 83644 – Middleton, Idaho (one in every 68); 19462 – Plymouth Meeting, Pennsylvania (one in every 78); 33946 – Placida, Florida (one in every 81); 95542 – Garberville, California (one in every 102); 95454 – Laytonville, California (one in every 106); 95428 – Covelo, California (one in every 131); 95464 – Nice, California (one in every 141); and 77702 – Beaumont, Texas (one in every 155).
Also, according to ATTOM’s latest foreclosure report, there were a total of 32,878 U.S. properties with foreclosure filings in March 2024. That figure was down less than 1 percent from the previous month and down 10 percent from March 2023.
The report noted that nationwide in March 2024 one in every 4,286 properties had a foreclosure filing. The report also noted that states with the highest foreclosure rates in March 2024 were Illinois (one in every 2,548 housing units with a foreclosure filing); Connecticut (one in every 2,609 housing units); New Jersey (one in every 2,638 housing units); Florida (one in every 2,779 housing units); and South Carolina (one in every 2,867 housing units).
Also in this post, we take a more granular look by diving deep into the data behind ATTOM’s Q1 and March 2024 foreclosure report to uncover the top 10 U.S. zip codes with the highest foreclosure rates in March 2024. Among those larger zips with 1,000 or more housing units and 10 or more foreclosure filings in March 2024, those with the worst foreclosure rates include: 77327 – Cleveland, Texas (on in every 45 housing units); 77702 – Beaumont, Texas (one in every 170); 93222 – Frazier Park, California (one in every 219); 43028 – Howard, Ohio (one in every 356); 60153 – Maywood, Illinois (one in every 420); 33035 – Homestead, Florida (one in every 428); 07112 – Newark, New Jersey (one in every 430); 60419 – Dolton, Illinois (one in every 439); 95954 – Magalia, California (one in every 443); and 60473 – South Holland, Illinois (one in every 457).
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