The 10 emptiest US cities
Based on the numbers of homeowner and rental properties that are unoccupied, these places rank the highest in vacancies among the nation's 75 largest cities.
By Paul Toscano, CNBC.com
Empty city block © Image Source/Getty Images
It's no secret that the U.S. housing market has seen better days. From falling home values and impaired labor mobility to backed-up inventories and a flood of foreclosures, there are countless ways that real estate affects the economy at large.
One of the unfortunate results of a bad housing market is an increase in vacant homes, which has grown by 43.8% since 2000, according to the U.S. Census Bureau. Homes can be vacant for a number of reasons; the properties include both unoccupied, available rentals and unoccupied homes for sale. As of the 2010 census, there were approximately 15 million vacant housing units in the country, with an 11.4% gross vacancy rate nationwide.
Much like the range of home values from city to city, homeowner and rental vacancy rates vary dramatically depending on where you live. Every quarter, the census publishes data on homeowner and rental vacancies in the 75 largest U.S. cities that reveal which metro areas have the highest number of empty homes. CNBC.com ranked the following cities by giving equal weight to rental and homeowner vacancies.
So which major U.S. cities are the emptiest? Click ahead to find out.