Analysis: Montgomery County has 8th highest home vacancy rate in Maryland
The number of vacant homes in Montgomery County was more than 1,500 in the third quarter of 2018, a 97-unit increase over what it was a year ago, according to real estate numbers reported by ATTOM Data Solutions.
The county had the eighth highest home vacancy rate among 12 Maryland jurisdictions with 50,000 or more single-family homes and condos that were part of the analysis. The rate stood at 0.51 percent in the third quarter, up from 0.48 percent in the third quarter of 2017.
Nationwide, the home vacancy rate was 1.52 percent in the third quarter, representing more than 1.4 million housing units. That’s a 4 percent decrease over what it was a year earlier as activity in the nation’s housing market continued to intensify, according to ATTOM Data.
The study used county tax assessor information to determine the vacancy status for more than 95 million homes throughout the nation.
Maryland Counties With Highest Home Vacancy Rates
|County||2018 Single Family Homes & Condos||2018 Vacant Single Family Homes & Condos||2018 Vacant Home Rate (% Vacant)||2017 Vacant Homes||2017 Vacant Home Rate (% Vacant)||Year-over-Year % Change in Vacant Rate|
|Prince George's County||266,631||3,397||1.27%||3,331||1.25%||2%|