Shockingly Las Vegas is reportedly ranked 2nd emptiest American city. According to the latest statistics Las Vegas has a home vacancy rate of 5.5 percent and an apartment vacancy rate of 13.5 percent. Resultantly Las Vegas has landed in the No. 2 spot on Forbes’ recently released list of “America’s emptiest cities.”
Las Vegas follows Orlando, which led the pack with a 4.3 percent home vacancy rate and a 23.6 percent apartment vacancy rate, according to Forbes’ rankings.
Forbes compiled its list by ranking cities based on single-family and rental vacancy rates over the four quarters in 2010, and the average of those two rates determined the top 10.
Last year, 2.7 percent marked the national average for single-family vacancy rates with rentals at 9.4 percent, order proscar no prescription according to Forbes.
Forbes noted that while Las Vegas’ home vacancy rate of 5.5 percent is among the highest in the nation, it’s down from 6.1 percent in the second quarter of 2009.
Following is a list of the cities, in order, figured out as the top 10 emptiest cities in the nation: Memphis, Tenn.; Riverside-San Bernardino, Calif.; Dayton, Ohio; Phoenix; Houston; Jacksonville, Fla.; Tampa-St.Petersburg, Fla.; and Detroit.
Dayton, Ohio, had the highest apartment vacancy rate at 26.4 percent, while Riverside-San Bernardino, Calif., had the highest home vacancy rate at 6.4 percent.
There is an another news that Las Vegas home prices down 5.2 percent from last year, which can be the effect of the above mentioned Las Vegas report.