In the U.S., there are currently 14.5 million homes in the U.S. that sit vacant, representing more than 10% of the nation’s housing supply. However, fewer than 800,000 of them are listed for sale, according to recent research from online lending platform LendingTree.

Which states have the highest vacancy rates?

Maine has the nation’s highest vacancy rate at 20.6%, followed by Vermont at 19.4%, and Alaska at 17.6%.

On the other hand, Connecticut has the lowest vacancy at just 7%, followed by Washington at 7.3%, and California, New Jersey, and Oregon all recorded vacancy rates of 7.5%.

Many vacant homes are seasonal properties

Of the nationwide vacancies, many sit empty because they are used seasonally. That’s true for 4.7 million of the nationwide vacant homes, and 2.6 million of these homes are rentals.

Some parts of the U.S. have higher concentrations of seasonal and rental homes. For instance, in Vermont, 75.8% of vacant homes are seasonal or recreational properties. Likewise, in Washington, D.C., 39.4% of vacant homes are available for rent.