Vacant Housing

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Vacant Housing

• 5 housing myths
• and other ramblings

2
16,000,000

• What does this number represent?
• The size of Bill Gates paycheck
• The number of visible stars in the sky?
• The number of vacant houses right now in the
  United States?

3
Myth 1

• Vacant housing is someone elses problem

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Myth 2

• The number of Vacant houses is decreasing

5
Increase in Rental Vacancy Rates over time
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Homeowner Vacancy Rates inthe United States over
time
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Breakdown of all housing unitsfor Second quarter
2005

• Year-round vacant 9.7
• For rent 3
• For sale only 1.1
• Rented or sold, awaiting occupancy 0.9
• Held off market 4.7
• For occasional use 1.6
• Temporarily occupied by persons with usual
  residence elsewhere 0.9
• For other reasons 2.2
• Seasonal vacant 3.2
• Occupied 87.2

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Myth 3

• All vacant housing is
• old and dilapidated.

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of vacant housing in the U. S.by age of
housing stock

• 1990 to March 2000 12.4
• 1980 to 1989 15.9
• 1970 to 1979 17.9
• 1960 to 1969 13.5
• 1950 to 1959 10.7
• 1949 to 1949 7.6
• 1940 to 1949 7.6
• 1939 or earlier 15.8

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Myth 4

• Vacant Housing is mainly
• found in Urban areas

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Percentage of vacantunits by State for 2000

• Lowest vacant
• California 5.83
• Illinois
• Connecticut
• Iowa
• Massachusetts
• Ohio 7.05

• Highest vacant
• Maine 20.51
• Vermont 18.26
• Alaska 15.09
• Wyoming 13.51
• New Hampshire 3.24

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of vacant units in Ohio Counties

• Lowest vacant
• Geauga
• Medina
• Lake
• Putnam
• Wayne

• Highest vacant
• Ottawa
• Morgan
• Noble
• Logan
• Harrison
• Monroe
• Carroll
• Meigs
• Guernsey
• Vinton

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of vacant units inselected Ohio cities

• Port Clinton 20.69
• Youngstown 13.4
• Martins Ferry 13.21
• Dayton 12.76
• Cleveland 11.68
• Steubenville 11.53
• Pourtsmouth 11.15
• Cincinnati 10.82
• Ironton 10.66

• Toledo 7.84
• Columbus 7.83
• Akron 7.37
• Beavercreek 4.69
• Kettering 4.66
• Westerville 3.52
• Worthington 2.45
• Powell 1.25

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Vacancies Rates in U. S. by location, based on
2004 Housing Vacancy Survey

• Rental
• Inside Metropolitan areas 10.2
• In Central Cities 10.8
• Not in Central Cities (Suburbs) 9.5
• Outside Metropolitan Areas 10.2

• Homeowner
• Inside Metropolitan Areas 1.7
• In Central Cities 2.2
• Not in Central Cities (Suburbs) 1.4
• Outside Metropolitan Areas 2.0

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Myth 5

• The problem of vacant housing is simply an issue
  of fixing up a house and offering it for sale or
  for rent.

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Contact information

• Doug Harsany
• Ohio Department of Development
• [phone]
• jharsany_at_odod.state.oh.us
• www.odod.state.oh.us