In the last five years, the area's population declined by 6. Currently, an initiative is underway to convert abandoned and deteriorating homes in the greater Cincinnati area into affordable housing for the city's lowest income residents. The ZIP code is one of two in Detroit to have some of the highest vacancy rates in the nation. Of the 5, homes in the neighborhood, 1, are unoccupied — an The area is contained almost entirely by I and I on the south and west and route 10 and route 8 on the east and north.
The area's high vacancy rate is likely due in large part to a shrinking population and a depressed economy. In the last five years, the ZIP code's population fell by Though it is one of five ZIP codes in Michigan to rank among the nation's ghost towns, has little in common with the other Michigan neighborhoods on this list. Also, unlike pockets of Detroit and Flint where more than one in three residents live in poverty, the poverty rate in the ZIP code is 8.
Michigan's ZIP code is not in a city and encompases Devils Lake and Round Lake and boasts outdoor recreation opportunities like boating and golfing. Marketed as an alternative to resort communities further north in the state, many of the area's vacant homes — Nearly one in every five homes in the ZIP code in Wisconsin are unoccupied.
The southern half of the ZIP code is peppered with lakes, and many unoccupied homes are likely lake homes used only on a seasonal basis. Currently, homes in the area are unoccupied. Population decline may also partially explain the area's high vacancy rate. In the last five years, the number of people living in the area fell 1.
A Rust Belt city, Flint's decline has paralleled that of the American auto industry as its population was nearly cut in half over the 40 years from to In the last five years alone, the city's ZIP code, which comprises the northwestern section of the city and beyond, has lost Partially as a result, Some recent departures from Flint are attributable to the public health crisis caused by lead contamination in the city's water supply.
Since the Environmental Protection Agency detected dangerous lead levels in the city's water supply in early , many homeowners have wanted to leave the city but not all have been lucky enough to find a buyer for their homes. Due to its close proximity to one of the most famous national parks in the country, the ZIP code is a popular tourist destination with plenty of home rentals and bed and breakfast options. The large amount of vacation homes and rental properties partially explains the high vacancy rate in the area.
Currently, an estimated area homes out of 3, are unoccupied. That number likey fluctuates throughout the year, declining in peak tourist season. Over half of all area homes are worth over half a million dollars, and nearly 90 percent of empty homes in the area are investment properties, either open to vacationers, long-term renters, or waiting for a new buyer.
Vacancy rates in Belleair Beach are likely far lower from January through March, Florida's peak tourist months. More than one in every five area homes are unoccupied. Also like its neighbor to the north, Indian Rocks Beach is located along Florida's Gulf Coast in the Tampa metro area, and its high vacancy rate is largely attributable to the many vacation homes and rental properties that go through periodic vacancies.
Unlike many economically suffering inner city neighborhoods on this list, vacancy rates likely fluctuate throughout the year in Indian Rocks Beach, falling considerably in peak tourist months. One of the area's over vacant homes is in foreclosure. A coal mining town in the early s, Shenandoah has long been in decline.
When area mines began closing in the middle of last century, the few available jobs were largely in garment manufacturing. The borough's population peaked at nearly 26, in and stood at just 5, a century years later.
Though town officials claim people are moving back to the region, the ZIP code's population shrank by 0. Census Bureau. Montgomery, the state capital, is poorer than most places. Across the broader metro area, Like every other inner city ZIP code on this list, the area is one of the poorest parts of town, with Such poor economic conditions have likely driven many out of the area and reduced property values.
In the last five years, the neighborhood's population shrank by Population decline and widespread poverty are hallmarks of urban areas that have been hollowed out. In Montgomery's ZIP code, Along with Cincinnati and Dayton, Youngstown is one of three Ohio cities with areas that have among the highest vacancy rates in the country. None, however, has a higher vacancy rate than the ZIP code in south-central Youngstown.
Nearly a quarter of the 2, area homes are unoccupied. Of the area's vacant homes, a far lower than average Many of the remaining vacant homes have likely been abandoned. It is the only vacation and resort community to rank among the ZIP codes where more than one in every four homes are unoccupied. Like other beach communities on this list, the high amount of rental properties and vacation homes likely explain the high vacancy rate in the ZIP code. In stark contrast to inner-city communities with high vacancy rates, Hilton Head Island boasts 12 miles of beaches, two dozen golf courses, and hundreds of tennis courts and restaurants.
Additionally, the local population has grown by The ZIP code, which is bisected by Route 53 and has I along southern border, is one of five sections of Gary, Indiana, with a vacancy rate high enough to rank on this list. Crippled by high poverty and a high incidence of violent crimes, the ZIP code's population fell by The population decline partially explains the area's high vacancy rate as currently, A far larger than typical share of homes have simply been abandoned as just 65 percent of vacant homes are considered investment properties, meaning they are owned by someone either intending or attempting to rent or sell.
This can not be undone. Cancel Remove. Save graph Save as new graph. Need Help? Questions or Comments. FRED Help. Follow us. Back to Top. Federal Reserve Bank of St. Log out. More Button Icon Circle with three vertical dots. It indicates a way to see more nav menu items inside the site menu by triggering the side menu to open and close.
Credit Cards Credit card reviews. Best credit cards Best rewards credit cards. Best cash back credit cards. Best airline credit cards. Best small business credit cards. Best balance transfer cards.
Best student credit cards. Best starter credit cards. The best online brokerages for beginners. The best investment apps. The best stock trading apps. Best robo advisors. Average stock market return. Car insurance. Life insurance. Best cheap car insurance. Best life insurance companies.
Best homeowners insurance. The best renters insurance. Average cost of car insurance. Average cost of life insurance. Average cost of home insurance. How to shop for car insurance. Best savings accounts. Best checking accounts. Best CD rates. Best money-market accounts. Best high-yield savings accounts. Best bank account bonuses. Best online bank. American Express Savings review.
Average bank interest rates. Average k balance. How to retire early. How to open an IRA. IRA CD rates.
0コメント