Despite what current house prices may lead you to believe, the United States has approximately 16 million vacant homes, according to a recent study.
The study by LendingTree defined a home as uninhabited for any reason, including but not exclusive to being abandoned or in a dilapidated state, being available on the market, or simply not in use.
Leading the way in vacancy rate was Vermont with 78,052 vacant homes - making up 22.86% of their market. Following closely behind is Maine with 171,323 (22.68%) homes currently vacant, with Alaska coming in third with 65,929 (20.51%) vacant.
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By comparison, Oregon has the nation's lowest vacancy rate with 141,983 (7.76%) vacant. They're followed by Washington with 255,063 (7.87%) and then Connecticut with 123,819 vacant (8.09%).
Meanwhile, only three states have over one million vacant homes - Florida (1,680,844), California (1,248,161), and Texas (1,216,084).
Sticking with Texas, the Lone Star State landed at 33rd in total vacancy rate with 10.59%. Texas came in at 26th in median home value at $214,400.
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