There are several counties in America, each with more than 10,000 homes, which have vacancy rates above 55%. The rate is above 60% in several.
Most people who follow unemployment and the housing crisis would expect high vacancy rates in hard-hit states including Nevada, Florida and Arizona. They were among the fastest growing areas from 2000 to 2010. Disaster struck once economic growth ended.
Palm Coast, Florida, Las Vegas, Nevada and Cape Coral, Florida were all among the former high fliers. Many large counties which have 20% or higher occupancy rates are in these same regions. Lee County, Florida, Yuma County, Arizona, Mohave County, Arizona, and Osceola, Florida each had a precipitous drop in home prices and increases in vacancy rates as home buyers disappeared when the economy went south.
If I were more affluent, enjoyed flying, and had lots of free time, I'd snap up one of those homes on the coast in a second. Instead, I live in the central states, I don't like to fly, I don't have gobs of free time and I'm just a peasant with a pay check. Oh well.
Some of the locations will surprise you.