5. Orlando-Kissimmee, Fla.
Total vacant foreclosures: 5,560
Percentage of all foreclosures: 21 percent
There are cities with a higher percentage of vacant foreclosures out there —Jacksonville (30 percent), Palm Bay-Melbourne (30 percent) and Las Vegas (33 percent) — but none have as many abandoned homes as The Vacation Capital of the World.
In fairness, however, Orlando-Kissimmee’s home state of Florida has 54,908 vacant foreclosure total. That’s a ghost town bigger than Titusville, Fla., and roughly the size of Fond du Lac, Wis. Those houses tend to stay in foreclosure for a good, long time, too, with Florida’s 1,095-day foreclosure length trailing just Hawaii (1,112 days) and Arkansas (1,128).
The good news is that Florida’s foreclosure rates have decreased each month for the past year, with foreclosure auctions down 2 percent from last February. Still, Orlando-Kissimmee has its issues. Its foreclosure rate is the sixth-highest in the U.S. in February, with one in every 370 housing units in foreclosure.