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Wednesday, November 13, 2019

Analysis: Harford County has 6th highest home vacancy rate in Maryland

Real Estate

By MDRNN reports | Feb 28, 2019

Re 11

The number of vacant homes in Harford County was nearly 700 in the third quarter of 2018, a six-unit increase over what it was a year ago, according to real estate numbers reported by ATTOM Data Solutions.

The county had the sixth 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 0.75 percent in the third quarter, down from 1 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.

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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 Homes2017 Vacant Home Rate (% Vacant)Year-over-Year % Change in Vacant Rate
Baltimore City  228,794   17,917 7.83%  18,618 8.14%-4%
Washington  50,711   729 1.44%  770 1.52%-5%
Baltimore  250,387   3,430 1.37%  3,623 1.46%-6%
Prince George's County  266,631   3,397 1.27%  3,331 1.25%2%
Worcester  61,190   695 1.14%  842 1.40%-19%
Harford  91,126   682 0.75%  676 0.74%1%
Anne Arundel  195,941   1,094 0.56%  1,228 0.62%-11%
Montgomery  297,208   1,516 0.51%  1,419 0.48%7%
Howard  98,406   329 0.33%  397 0.40%-17%
Charles  58,702   192 0.33%  202 0.36%-9%
Frederick  90,076   246 0.27%  275 0.32%-14%
Carroll  56,604   86 0.15%  79 0.15%4%
Source: ATTOM Data Solutions

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