Special Report

States With the Most Foreclosures So Far this Year

Spencer Platt / Getty Images News via Getty Images

Demand for single-family homes surged in the past two year as the coronavirus pandemic hit. The increased demand led to soaring home prices. (These are 15 cities with the most overpriced housing markets.)

The reason, according to the Federal Reserve Bank of Dallas, was a perfect-storm scenario that included several factors. Low mortgage interest rates, along with stimulus checks that boosted incomes, raised demand for housing. The pandemic also led to increased demand for work-from-home space away from dense urban areas. At the same time, limited construction during lockdowns and supply-chain disruptions constrained supply of homes for sale — all leading to higher home prices.

But now the U.S. housing market appears to be coming back to earth, with some parts of the country showing early distress signs. Foreclosure filings — a measure of the health of housing markets at local, state, or national levels — are on the rise. Home foreclosure filings include default notices, bank repossessions, and scheduled auctions.

According to property data provider Attom, foreclosure filings are up 153% in the first half of the year compared to the same period last year, though they are still slightly lower than they were in the first half of 2020. 

To determine the states with the most foreclosures so far this year, 24/7 Wall St. reviewed data from Attom. States are ranked by their foreclosure rate — the number of foreclosures per housing units. All data came from Attom except for population, which came from the U.S. Census Bureau’s 2020 American Community Survey. Population figures are five-year averages.

Nationwide, 1 in every 854 properties was in one stage of the foreclosure process in the first half of the year. By comparison, the foreclosure rate was much higher in 12 states, including Ohio (1 in every 475), New Jersey (1 in every 410), and Illinois (1 in every 385). (These are the neighborhoods with the most foreclosures in May.)

Other states with the 10 states highest foreclosure rates include Nevada, which ranks seventh with a foreclosure rate of 1 in every 567, Delaware, which ranks fourth with a foreclosure rate 1 in every 497 properties, and Florida, which ranks sixth with a foreclosure rate at 1 in every 560 housing units. Florida also had the highest number of housing units in foreclosure. 

At the other end of the spectrum, the Dakotas and Vermont and the third lowest foreclosure rates, with more than one foreclosure in every 4,400 housing units. Also in the bottom 10 are several states in the West. 

Here are the states with the most foreclosures so far this year.

Source: EunikaSopotnicka / iStock via Getty Images

50. South Dakota
> Foreclosure rate: 1 in every 9,068 housing units
> Properties with foreclosure filing: 43 – #50 highest
> Housing units: 389,921 – #46 highest
> Median home value: $174,600 – #35 highest
> Population: 872,995

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Source: XKarDoc / iStock via Getty Images

49. Vermont
> Foreclosure rate: 1 in every 7,598 housing units
> Properties with foreclosure filing: 44 – #49 highest
> Housing units: 334,318 – #48 highest
> Median home value: $230,900 – #23 highest
> Population: 643,077

Source: DenisTangneyJr / iStock Unreleased via Getty Images

48. North Dakota
> Foreclosure rate: 1 in every 4,466 housing units
> Properties with foreclosure filing: 83 – #48 highest
> Housing units: 370,642 – #47 highest
> Median home value: $199,900 – #26 highest
> Population: 779,094

Source: ChrisBoswell / iStock via Getty Images

47. West Virginia
> Foreclosure rate: 1 in every 3,626 housing units
> Properties with foreclosure filing: 236 – #44 highest
> Housing units: 855,635 – #37 highest
> Median home value: $123,200 – #50 highest
> Population: 1,793,716

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Source: Cheri Alguire / iStock via Getty Images

46. Kansas
> Foreclosure rate: 1 in every 2,810 housing units
> Properties with foreclosure filing: 454 – #39 highest
> Housing units: 1,275,689 – #34 highest
> Median home value: $157,600 – #41 highest
> Population: 2,937,880

Source: Sean Pavone / iStock via Getty Images

45. Oregon
> Foreclosure rate: 1 in every 2,782 housing units
> Properties with foreclosure filing: 652 – #37 highest
> Housing units: 1,813,747 – #27 highest
> Median home value: $336,700 – #7 highest
> Population: 4,237,256

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Source: peeterv / iStock via Getty Images

44. Montana
> Foreclosure rate: 1 in every 2,654 housing units
> Properties with foreclosure filing: 194 – #46 highest
> Housing units: 514,803 – #43 highest
> Median home value: $244,900 – #18 highest
> Population: 1,084,225

Source: vkbhat / E+ via Getty Images

43. Idaho
> Foreclosure rate: 1 in every 2,473 housing units
> Properties with foreclosure filing: 304 – #43 highest
> Housing units: 751,859 – #39 highest
> Median home value: $235,600 – #21 highest
> Population: 1,839,106

Source: DenisTangneyJr / iStock via Getty Images

42. Kentucky
> Foreclosure rate: 1 in every 2,432 housing units
> Properties with foreclosure filing: 820 – #33 highest
> Housing units: 1,994,323 – #26 highest
> Median home value: $147,100 – #46 highest
> Population: 4,505,836

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Source: thyegn / iStock via Getty Images

41. Washington
> Foreclosure rate: 1 in every 2,400 housing units
> Properties with foreclosure filing: 1,334 – #29 highest
> Housing units: 3,202,241 – #13 highest
> Median home value: $366,800 – #5 highest
> Population: 7,705,281

Source: John Pennell / iStock via Getty Images

40. Alaska
> Foreclosure rate: 1 in every 1,985 housing units
> Properties with foreclosure filing: 160 – #47 highest
> Housing units: 317,524 – #49 highest
> Median home value: $275,600 – #15 highest
> Population: 715,304

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Source: Sean Pavone / iStock via Getty Images

39. Arkansas
> Foreclosure rate: 1 in every 1,715 housing units
> Properties with foreclosure filing: 796 – #34 highest
> Housing units: 1,365,265 – #31 highest
> Median home value: $133,600 – #48 highest
> Population: 3,011,524

Source: Sean Pavone / iStock via Getty Images

38. New Hampshire
> Foreclosure rate: 1 in every 1,593 housing units
> Properties with foreclosure filing: 401 – #40 highest
> Housing units: 638,795 – #41 highest
> Median home value: $272,300 – #16 highest
> Population: 1,377,529

Source: gregobagel / iStock via Getty Images

37. Rhode Island
> Foreclosure rate: 1 in every 1,560 housing units
> Properties with foreclosure filing: 310 – #42 highest
> Housing units: 483,474 – #44 highest
> Median home value: $276,600 – #14 highest
> Population: 1,097,379

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Source: Sean Pavone / iStock via Getty Images

36. Massachusetts
> Foreclosure rate: 1 in every 1,535 housing units
> Properties with foreclosure filing: 1,954 – #25 highest
> Housing units: 2,998,537 – #16 highest
> Median home value: $398,800 – #3 highest
> Population: 7,029,917

Source: Kruck20 / iStock via Getty Images

35. Tennessee
> Foreclosure rate: 1 in every 1,528 housing units
> Properties with foreclosure filing: 1,984 – #23 highest
> Housing units: 3,031,605 – #15 highest
> Median home value: $177,600 – #33 highest
> Population: 6,910,840

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Source: JamesBrey / E+ via Getty Images

34. Wisconsin
> Foreclosure rate: 1 in every 1,503 housing units
> Properties with foreclosure filing: 1,815 – #27 highest
> Housing units: 2,727,726 – #19 highest
> Median home value: $189,200 – #29 highest
> Population: 5,893,718

Source: Davel5957 / iStock via Getty Images

33. Nebraska
> Foreclosure rate: 1 in every 1,443 housing units
> Properties with foreclosure filing: 585 – #38 highest
> Housing units: 844,278 – #38 highest
> Median home value: $164,000 – #38 highest
> Population: 1,961,504

Source: okimo / iStock via Getty Images

32. Hawaii
> Foreclosure rate: 1 in every 1,431 housing units
> Properties with foreclosure filing: 392 – #41 highest
> Housing units: 561,066 – #42 highest
> Median home value: $636,400 – #1 highest
> Population: 1,455,271

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Source: SeanPavonePhoto / iStock via Getty Images

31. Mississippi
> Foreclosure rate: 1 in every 1,397 housing units
> Properties with foreclosure filing: 945 – #31 highest
> Housing units: 1,319,945 – #32 highest
> Median home value: $125,500 – #49 highest
> Population: 2,961,279

Source: DenisTangneyJr / E+ via Getty Images

30. Wyoming
> Foreclosure rate: 1 in every 1,394 housing units
> Properties with foreclosure filing: 195 – #45 highest
> Housing units: 271,887 – #50 highest
> Median home value: $228,000 – #24 highest
> Population: 576,851

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Source: DenisTangneyJr / iStock via Getty Images

29. New Mexico
> Foreclosure rate: 1 in every 1,225 housing units
> Properties with foreclosure filing: 768 – #35 highest
> Housing units: 940,859 – #36 highest
> Median home value: $175,700 – #34 highest
> Population: 2,117,522

Source: Jon Bilous / iStock via Getty Images

28. Virginia
> Foreclosure rate: 1 in every 1,212 housing units
> Properties with foreclosure filing: 2,985 – #15 highest
> Housing units: 3,618,247 – #12 highest
> Median home value: $282,800 – #12 highest
> Population: 8,631,393

Source: jimkruger / E+ via Getty Images

27. Minnesota
> Foreclosure rate: 1 in every 1,169 housing units
> Properties with foreclosure filing: 2,126 – #21 highest
> Housing units: 2,485,558 – #22 highest
> Median home value: $235,700 – #20 highest
> Population: 5,706,494

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Source: DenisTangneyJr / iStock via Getty Images

26. Utah
> Foreclosure rate: 1 in every 1,127 housing units
> Properties with foreclosure filing: 1,022 – #30 highest
> Housing units: 1,151,414 – #35 highest
> Median home value: $305,400 – #10 highest
> Population: 3,271,616

25. Louisiana
> Foreclosure rate: 1 in every 1,107 housing units
> Properties with foreclosure filing: 1,873 – #26 highest
> Housing units: 2,073,200 – #25 highest
> Median home value: $168,100 – #37 highest
> Population: 4,657,757

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Source: TomasSereda / iStock via Getty Images

24. New York
> Foreclosure rate: 1 in every 1,106 housing units
> Properties with foreclosure filing: 7,673 – #7 highest
> Housing units: 8,488,066 – #4 highest
> Median home value: $325,000 – #9 highest
> Population: 20,201,249

Source: Art Wager / iStock via Getty Images

23. Missouri
> Foreclosure rate: 1 in every 1,073 housing units
> Properties with foreclosure filing: 2,596 – #17 highest
> Housing units: 2,786,621 – #18 highest
> Median home value: $163,600 – #39 highest
> Population: 6,154,913

Source: Adventure_Photo / E+ via Getty Images

22. Colorado
> Foreclosure rate: 1 in every 1,073 housing units
> Properties with foreclosure filing: 2,322 – #19 highest
> Housing units: 2,491,404 – #21 highest
> Median home value: $369,900 – #4 highest
> Population: 5,773,714

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Source: Daniel Hanscom / iStock via Getty Images

21. Maine
> Foreclosure rate: 1 in every 1,050 housing units
> Properties with foreclosure filing: 704 – #36 highest
> Housing units: 739,072 – #40 highest
> Median home value: $198,000 – #27 highest
> Population: 1,362,359

Source: WilliamSherman / iStock via Getty Images

20. Pennsylvania
> Foreclosure rate: 1 in every 1,038 housing units
> Properties with foreclosure filing: 5,531 – #10 highest
> Housing units: 5,742,828 – #5 highest
> Median home value: $187,500 – #30 highest
> Population: 13,002,700

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Source: Barbara Smyers / iStock via Getty Images

19. Texas
> Foreclosure rate: 1 in every 1,005 housing units
> Properties with foreclosure filing: 11,527 – #4 highest
> Housing units: 11,589,324 – #2 highest
> Median home value: $187,200 – #31 highest
> Population: 29,145,505

Source: 4kodiak / E+ via Getty Images

18. Arizona
> Foreclosure rate: 1 in every 961 housing units
> Properties with foreclosure filing: 3,207 – #14 highest
> Housing units: 3,082,000 – #14 highest
> Median home value: $242,000 – #19 highest
> Population: 7,151,502

Source: Kruck20 / iStock via Getty Images

17. North Carolina
> Foreclosure rate: 1 in every 958 housing units
> Properties with foreclosure filing: 4,917 – #11 highest
> Housing units: 4,708,710 – #8 highest
> Median home value: $182,100 – #32 highest
> Population: 10,439,388

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Source: George Dodd / iStock via Getty Images

16. Alabama
> Foreclosure rate: 1 in every 925 housing units
> Properties with foreclosure filing: 2,475 – #18 highest
> Housing units: 2,288,330 – #24 highest
> Median home value: $149,600 – #44 highest
> Population: 5,024,279

Source: pabradyphoto / iStock via Getty Images

15. Iowa
> Foreclosure rate: 1 in every 899 housing units
> Properties with foreclosure filing: 1,571 – #28 highest
> Housing units: 1,412,789 – #30 highest
> Median home value: $153,900 – #42 highest
> Population: 3,190,369

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Source: bluejayphoto / iStock via Getty Images

14. California
> Foreclosure rate: 1 in every 881 housing units
> Properties with foreclosure filing: 16,340 – #2 highest
> Housing units: 14,392,140 – #1 highest
> Median home value: $538,500 – #2 highest
> Population: 39,538,223

Source: Sean Pavone / iStock via Getty Images

13. Maryland
> Foreclosure rate: 1 in every 863 housing units
> Properties with foreclosure filing: 2,934 – #16 highest
> Housing units: 2,530,844 – #20 highest
> Median home value: $325,400 – #8 highest
> Population: 6,177,224

Source: Sean Pavone / iStock via Getty Images

12. Oklahoma
> Foreclosure rate: 1 in every 824 housing units
> Properties with foreclosure filing: 2,120 – #22 highest
> Housing units: 1,746,807 – #28 highest
> Median home value: $142,400 – #47 highest
> Population: 3,959,353

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Source: SeanPavonePhoto / iStock via Getty Images

11. Connecticut
> Foreclosure rate: 1 in every 773 housing units
> Properties with foreclosure filing: 1,979 – #24 highest
> Housing units: 1,530,197 – #29 highest
> Median home value: $279,700 – #13 highest
> Population: 3,605,944

Source: Michael Deemer / iStock via Getty Images

10. Michigan
> Foreclosure rate: 1 in every 773 housing units
> Properties with foreclosure filing: 5,913 – #8 highest
> Housing units: 4,570,173 – #9 highest
> Median home value: $162,600 – #40 highest
> Population: 10,077,331

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Source: SeanPavonePhoto / iStock via Getty Images

9. Georgia
> Foreclosure rate: 1 in every 770 housing units
> Properties with foreclosure filing: 5,731 – #9 highest
> Housing units: 4,410,956 – #10 highest
> Median home value: $190,200 – #28 highest
> Population: 10,711,908

Source: Roberto Galan / iStock Editorial via Getty Images

8. Indiana
> Foreclosure rate: 1 in every 606 housing units
> Properties with foreclosure filing: 4,822 – #12 highest
> Housing units: 2,923,175 – #17 highest
> Median home value: $148,900 – #45 highest
> Population: 6,785,528

Source: f11photo / iStock via Getty Images

7. Nevada
> Foreclosure rate: 1 in every 567 housing units
> Properties with foreclosure filing: 2,259 – #20 highest
> Housing units: 1,281,018 – #33 highest
> Median home value: $290,200 – #11 highest
> Population: 3,104,614

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Source: Michael Warren / iStock via Getty Images

6. Florida
> Foreclosure rate: 1 in every 560 housing units
> Properties with foreclosure filing: 17,624 – #1 highest
> Housing units: 9,865,350 – #3 highest
> Median home value: $232,000 – #22 highest
> Population: 21,538,187

Source: Kruck20 / iStock via Getty Images

5. South Carolina
> Foreclosure rate: 1 in every 513 housing units
> Properties with foreclosure filing: 4,568 – #13 highest
> Housing units: 2,344,963 – #23 highest
> Median home value: $170,100 – #36 highest
> Population: 5,118,425

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Source: DenisTangneyJr / E+ via Getty Images

4. Delaware
> Foreclosure rate: 1 in every 497 housing units
> Properties with foreclosure filing: 903 – #32 highest
> Housing units: 448,735 – #45 highest
> Median home value: $258,300 – #17 highest
> Population: 989,948

Source: pawel.gaul / E+ via Getty Images

3. Ohio
> Foreclosure rate: 1 in every 475 housing units
> Properties with foreclosure filing: 11,028 – #5 highest
> Housing units: 5,242,524 – #7 highest
> Median home value: $151,400 – #43 highest
> Population: 11,799,448

Source: DenisTangneyJr / iStock via Getty Images

2. New Jersey
> Foreclosure rate: 1 in every 410 housing units
> Properties with foreclosure filing: 9,177 – #6 highest
> Housing units: 3,761,229 – #11 highest
> Median home value: $343,500 – #6 highest
> Population: 9,288,994

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Source: franckreporter / E+ via Getty Images

1. Illinois
> Foreclosure rate: 1 in every 385 housing units
> Properties with foreclosure filing: 14,086 – #3 highest
> Housing units: 5,426,429 – #6 highest
> Median home value: $202,100 – #25 highest
> Population: 12,812,508

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