Top 10 ZIPS with Highest Foreclosure Rates in Q1 and March 2024
Industry Update
April 12, 2024
Source: ATTOM
According to ATTOM’s newly released Q1 and March 2024 U.S. Foreclosure Market Report, there were a total of 95,349 U.S. properties with foreclosure filings in the first quarter. That figure was up 3 percent from the previous quarter but down less than 1 percent from a year ago.
ATTOM’s latest foreclosure activity analysis reported that nationwide one in every 1,478 properties had a foreclosure filing in Q1 2024. The report noted that states with the highest foreclosure rates in Q1 2024 were Delaware (one in every 894 housing units with a foreclosure filing); New Jersey (one in every 919 housing units); South Carolina (one in every 929 housing units); Nevada (one in every 961 housing units); and Florida (one in every 973 housing units).
The report also noted that among those 224 metro areas with a population greater than 200,000, those with the highest foreclosure rates in Q1 2024 were Columbia, South Carolina (one in every 569 housing units); Spartanburg, South Carolina (one in 597); Lakeland, Florida (one in 624); Atlantic City, New Jersey (one in 628); and Cleveland, Ohio (one in 662).
In this post, we take a more granular look by diving deep into the data behind ATTOM’s Q1 and March 2024 foreclosure report to uncover the top 10 U.S. zip codes with the highest foreclosure rates in Q1 2024. Among those larger zips with 1,000 or more housing units and 10 or more foreclosure filings in Q1 2024, those with the worst foreclosure rates include: 77327 – Cleveland, Texas (on in every 15 housing units); 93222 – Frazier Park, California (one in every 39); 83644 – Middleton, Idaho (one in every 68); 19462 – Plymouth Meeting, Pennsylvania (one in every 78); 33946 – Placida, Florida (one in every 81); 95542 – Garberville, California (one in every 102); 95454 – Laytonville, California (one in every 106); 95428 – Covelo, California (one in every 131); 95464 – Nice, California (one in every 141); and 77702 – Beaumont, Texas (one in every 155).
For full report, please click the source link above.