(Here is a look at the cities with the most homes people shouldn’t live in. For context, the typical home nationwide is worth $229,800, according to five-year estimates from the ACS. In 23 of the 25 ghost towns on this list, the typical home is worth less than $100,000, and in 12, the median home value is below $50,000. With high vacancy rates, population decline, and limited job opportunities, home values in these areas are low. (Here is a look at the cities Americans are abandoning.) In 10 of these ZIP codes, populations have fallen by over 10% over that period. Census Bureau’s American Community survey, all but six of the neighborhoods on this list reported population decline from 2015 to 2020. Baltimore, Maryland Fort Armistead An eerie, abandoned military base engulfed by nature and graffiti. These Rust Belt communities have seen their once vibrant manufacturing sectors all but collapse and are now left with little economic opportunity and depressed real estate markets.īased on five-year estimates from the U.S. Boyds, Maryland Winderbourne Mansion This abandoned Victorian-style house was built in 1884. The vast majority of the ZIP codes on this list are in the Midwest, located in or around cities that have suffered for decades from economic decline. We ranked here the 25 ZIP codes with the highest share of homes that are vacant.Īmong the ZIP codes on this list, the share of homes sitting vacant ranges from 17.4% to over 34%. ZIP codes in popular vacation destinations, where high vacancy rates are largely seasonal, were excluded from our analysis. ZIP codes with at least 1,000 housing units using tax assessor data. The report calculated vacancy rates in the fourth quarter of 2022 in each of the 6,515 U.S. reviewed a report about vacancy rates from ATTOM Data Solutions, a real estate information company. To identify America’s 25 ghost towns, 24/7 Wall St. The areas where many homes are unoccupied are also often not those in high demand. The two mines that operated in Khadykchan were dissolved and the entire town was abandoned. The town became a victim of the changes in the economy caused by the dissolution of the Soviet Union. It was first created during WWII for the sole purpose of mining coal. where vacancy rates are many times higher than the national rate – America’s ghost towns. Khadykchan is another abandoned town in the Magadan oblast. Still, there are dozens of neighborhoods across the U.S. In other cases, homes are simply abandoned, and the owners are either unable or unwilling to sell them.Īfter falling for three consecutive quarters, the national vacancy rate stands at 1.26% of all homes as of Q4 of 2022. Some of these homes are investment properties, like rental units that landlords are struggling to fill or homes that may eventually be put up for sale. There are different reasons and explanations for why homes sit vacant during a housing crunch. Interestingly, despite the housing shortage, there are an estimated 1.3 million single-family homes sitting unoccupied in the United States. As demand for housing has surged in recent years, housing supply has slumped – and partially as a result, home values have skyrocketed. In 1967, it became the Catamount State Forest, which has remained mainly abandoned since.Much of the United States is up against a housing crunch. In 1725 the Page family would settle in the area and start constructing their lavish brick castle. The Rosewell mansion was at one time the most lavish and impressive estate in all of Virginia. But during the 20th century, it was abandoned due to its remote location and treacherous terrain. The Rosewell is one of the easier abandoned places to explore in Virginia, but that doesn’t make this place any less impressive. In its heyday, Catamount was a farming community throughout the 18th century. CatamountĬatamount is a former village located in the small town of Colrain, Massachusetts. Today, Dogtown in Massachusetts is a rugged 3,000 acre park where visitors can see the village’s abandoned cellar holes and roam the trails and tangled forest surrounding the unfortunate town. Considering that the local Agawam Indians stated that their ancestors actually possessed heads like dogs, werewolves myths still persist around the area. Many of the old residents’ pets soon roamed the streets, giving the area the name of ‘Dogtown.’ These feral dogs wandered the streets and howled at the moon along with the local wold population. The few people who remained were mostly widows, and many were suspected of being witches. Towards the end of the War of 1812, residents feared the coast settlement would be destroyed, and the town was almost completely abandoned. Despite the land’s poor soil quality, the town was settled because its inland location granted protection from pirates (#pioneerproblems). Located between the towns of Gloucester and Rockport on Cape Ann, Dogtown is an abandoned settlement that was founded in 1693.
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