Zombie Properties Increase In 30 US States

[Ken M.]

Real estate data analytics company ATTOM said in a May 29 statement.

Zombie homes, which can fall into disrepair and negatively impact the value of other properties in the neighborhood, are a sign of distress in the housing market and the broader economy.

According to ATTOM’s analysis, Peoria County in Illinois ranked at the top in the list of U.S. counties with the highest zombie foreclosure rates.

Those counties include: Peoria County, Illinois (17.6 percent of properties in the foreclosure process are vacant); Broome County, New York (13.8 percent); Cuyahoga County, Ohio (11.2 percent); Baltimore City County, Maryland (10.8 percent); Marion County, Indiana (10.5 percent); Lucas County, Ohio (9.9 percent); Allen County, Indiana (9.8 percent); Saint Louis County, Missouri (9.6 percent); Pinellas County, Florida (9.3 percent); Vanderburgh County, Indiana (8.7 percent).