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Tuesday, November 19, 2019

Analysis: Cook County has 7th highest home vacancy rate among Illinois counties.

Real Estate

By LGIS Newsfeed | Mar 1, 2019

Re 12

The number of vacant homes in Cook County was more than 25,000 in the third quarter of 2018, a 692-unit increase over what it was a year ago, according to real estate numbers reported by ATTOM Data Solutions.

The county had the 7th highest home vacancy rate among 15 Illinois counties with 50,000 or more single-family homes and condos that were part of the analysis. The rate stood at 1.86 percent in the third quarter, up from 1.81 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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Illinois Counties With Highest Home Vacancy Rates

RankCounty 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
1Saint Clair  77,000   3,774 4.90%  4,215 5.18%-5%
2Peoria  64,160   2,409 3.75%  2,318 3.60%4%
3Madison  91,825   2,796 3.04%  2,874 3.04%0%
4Rock Island  56,254   1,641 2.92%  1,459 2.76%6%
5Winnebago  87,125   2,011 2.31%  2,323 2.53%-9%
6Sangamon  68,790   1,366 1.99%  1,397 1.98%0%
7Cook  1,367,707   25,458 1.86%  24,766 1.81%3%
8Champaign  54,377   930 1.71%  899 1.67%2%
9Tazewell  50,463   833 1.65%  833 1.67%-1%
10Lake  229,457   2,514 1.10%  2,522 1.10%0%
11Mclean  53,479   546 1.02%  527 1.06%-3%
12Du Page  314,220   2,705 0.86%  2,604 0.83%4%
13Kane  147,293   1,201 0.82%  1,109 0.76%7%
14Will  236,220   1,746 0.74%  1,844 0.79%-6%
15McHenry  113,213   735 0.65%  674 0.59%9%
Source: ATTOM Data Solutions

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