Fewer Empty Homes Across America, But Nevada’s Supply Crisis Persists

There are now fewer empty homes across the United States. According to LendingTree, there are approximately 14.9 million vacant homes. This figure equals approximately 10% of all homes in the country.

The home vacancy rate is more than 20% lower than the post-2008 financial crisis peak, when empty homes reached nearly 19 million. The national vacancy rate stands at its lowest point in at least 25 years. Every state, including Nevada, has recorded a drop in empty homes.

In Nevada, fewer available homes have created a tight housing market. At the same time, the state's population is growing quickly, which has driven high demand for housing. As a result, Nevada politicians face pressure to address the shortage by supporting construction of more homes.

The three states with the highest vacancy rates are Maine (around 20%), Vermont (approximately 19%), and Alaska (about 18%). These higher rates stem largely from seasonal and recreational properties.

In contrast, states with the lowest vacancy rates include Connecticut (5.6%), Nebraska (6.9%), and New Jersey (7.3%). Nevada's vacancy rate of 9.9% places it roughly in the middle among all states.

Political observers note that the housing issue could influence upcoming elections in Nevada. Recent legislative sessions have featured bills addressing incentives for developers to build in high-demand areas as well as programs to convert underused properties into housing. Housing policy is likely to remain a central topic in Nevada politics as lawmakers continue balancing efforts to increase housing supply with the needs of current residents.