Below is an overview of the foreclosure rates for all 50 states in February 2024, along with insights into the five counties or county equivalents with the highest rates within each state:
50 State Foreclosure Rates: Starting with the state that had the lowest rate of foreclosure filings per housing unit:
50. North Dakota The Peace Garden State reported a foreclosure rate of one in every 28,644 homes, with 13 foreclosures out of 372,376 housing units. The counties with the highest foreclosure rates per housing unit were Hettinger, Morton, Williams, Stark, and Ward.
49. Montana Ranked 44th in population, Montana had a foreclosure rate of one in every 21,560 homes, with 24 foreclosures out of 517,430 housing units. Counties with the highest foreclosure rates per housing unit included Daniels, Phillips, Beaverhead, Mineral, and Powell.
48. South Dakota The Mount Rushmore State ranked 48th in foreclosure rates, with one in every 18,721 households experiencing foreclosure. Out of 393,150 total housing units, South Dakota recorded 21 foreclosures. The counties with the highest foreclosure rates per housing unit were Custer, Codington, Pennington, Lincoln, and Minnehaha.
47. West Virginia West Virginia, ranked 39th in population, claimed the 47th spot with a foreclosure rate of one in every 15,342 homes. Out of 859,142 housing units, the state reported 56 foreclosures. Counties with the highest foreclosure rates per housing unit were Roane, Wetzel, Marion, Fayette, and Pocahontas.
46. Kansas The Sunflower State ranked 46th in foreclosure rates, with one in every 13,602 households facing foreclosure. Out of 1,278,548 total housing units, Kansas reported 94 foreclosures. Counties with the highest foreclosure rates per housing unit were Trego, Republic, Ness, Haskell, and Allen.
45. Washington Washington State, ranked 13th in population, stood at 45th place for foreclosure rates. With one in every 12,323 households experiencing foreclosure, out of 3,216,243 housing units, the state reported 261 foreclosures. Counties with the highest foreclosure rates per housing unit were Columbia, Yakima, Cowlitz, Pierce, and Island.
44. Vermont Vermont, ranked 49th in population, claimed the 44th spot with a foreclosure rate of one in every 11,969 homes. Out of 335,138 housing units, the state reported 28 foreclosures. Counties with the highest foreclosure rates per housing unit were Grand Isle, Bennington, Essex, Orleans, and Washington.
43. Nebraska Ranked 37th in population, Nebraska reported a foreclosure rate of one in every 10,872 homes, with 78 foreclosures out of 848,023 housing units. Counties with the highest foreclosure rates per housing unit were Webster, Polk, Sheridan, Scotts Bluff, and Kearney.
42. Hawaii The Paradise of the Pacific, ranked 40th in population, secured the 42nd spot with a foreclosure rate of one in every 10,786 households. Out of 560,873 total housing units, Hawaii reported 52 foreclosures. Counties with the highest foreclosure rates per housing unit were Hawaii, Honolulu, Maui, and Kauai.
41. Colorado Ranked 21st in population, Colorado reported a foreclosure rate of one in every 10,639 homes, with 235 foreclosures out of 2,500,095 housing units. Counties with the highest foreclosure rates per housing unit were Cheyenne, Lake, Washington, Lincoln, and Logan.
40. Wisconsin Wisconsin, ranked 20th in population, secured the 40th spot with a foreclosure rate of one in every 10,517 households. Out of 2,734,511 total housing units, the state reported 260 foreclosures. Counties with the highest foreclosure rates per housing unit were Pepin, Kewaunee, Kenosha, Douglas, and Sauk.
39. Oregon Oregon, the 27th most populous state, ranked 39th for foreclosure rates. With a foreclosure rate of one in every 9,992 homes, out of 1,818,599 total housing units, the state reported 182 foreclosures. Counties with the highest foreclosure rates per housing unit were Lake, Klamath, Morrow, Crook, and Clatsop.
38. Alaska The Last Frontier, with a total of 317,529 housing units, ranked 38th with a foreclosure rate of one in every 9,339 homes. Alaska reported 34 foreclosures, with boroughs like Southeast Fairbanks, Nome, Anchorage, Kenai Peninsula, and Matanuska-Susitna experiencing the highest rates per housing unit.
37. Idaho Idaho, ranked 38th in population, secured the 37th spot with a foreclosure rate of one in every 8,723 households. Out of 758,877 total housing units, the state reported 87 foreclosures. Counties with the highest foreclosure rates per housing unit were Lincoln, Payette, Clearwater, Teton, and Caribou.
36. Mississippi The Magnolia State, ranked 34th in population, claimed the 36th spot with a foreclosure rate of one in every 8,230 homes. Out of 1,324,992 housing units, Mississippi reported 161 foreclosures. Counties with the highest foreclosure rates per housing unit were Clay, Greene, Copiah, Leflore, and Smith.
35. Arkansas Arkansas, listed as the 33rd most populous state, secured the 35th spot with a foreclosure rate of one in every 8,214 households. Out of 1,371,709 total housing units, the state reported 167 foreclosures. Counties with the highest foreclosure rates per housing unit were Lincoln, Crittenden, Poinsett, Arkansas, and Jefferson.
34. Missouri Missouri, ranked 19th in population, claimed the 34th spot with a foreclosure rate of one in every 8,055 homes. Out of 2,795,030 housing units, the state reported 347 foreclosures. Counties with the highest foreclosure rates per housing unit were Scott, Mississippi, Laclede, Henry, and Atchison.
33. New Hampshire New Hampshire, the 41st most populous state, secured the 33rd spot with a foreclosure rate of one in every 7,715 households. Out of 640,335 total housing units, the state reported 83 foreclosures. Counties with the highest foreclosure rates per housing unit were Belknap, Coos, Strafford, Cheshire, and Carroll.
32. Wyoming Wyoming, the country’s least populous state, claimed the 32nd spot with a foreclosure rate of one in every 7,386 homes. Out of 273,291 housing units, the state reported 37 foreclosures. Counties with the highest foreclosure rates per housing unit were Weston, Big Horn, Sweetwater, Campbell, and Carbon.
31. Tennessee Tennessee, ranked 16th in population, secured the 31st spot with a foreclosure rate of one in every 7,351 households. Out of 3,050,850 total housing units, the state reported 415 foreclosures. Counties with the highest foreclosure rates per housing unit were Meigs, Humphreys, Trousdale, Fentress, and Sequatchie.
30. Virginia Virginia, ranked 12th in population, claimed the 30th spot with a foreclosure rate of one in every 6,999 homes. Out of 3,625,285 housing units, the state reported 518 foreclosures. Counties with the highest foreclosure rates per housing unit were Galax City, Lancaster, King William, Buckingham, and Appomattox.
29. Rhode Island Rhode Island, the eighth-least populous state, secured the 29th spot with a foreclosure rate of one in every 6,709 households. Out of 483,053 total housing units, the state reported 72 foreclosures. Counties with the highest foreclosure rates per housing unit were Kent, Washington, Providence, Bristol, and Newport.
28. Maine Maine, ranked 42nd in population, claimed the 28th spot with a foreclosure rate of one in every 6,340 homes. Out of 741,803 housing units, the state reported 117 foreclosures. Counties with the highest foreclosure rates per housing unit were Oxford, Somerset, Penobscot, Knox, and Piscataquis.
27. Minnesota Minnesota, ranked 22nd in population, secured the 27th spot with a foreclosure rate of one in every 6,251 households. Out of 2,493,956 total housing units, the state reported 399 foreclosures. Counties with the highest foreclosure rates per housing unit were Watonwan, Lake, Chisago, Faribault, and Sherburne.
26. North Carolina North Carolina, the ninth-most populous state, claimed the 26th spot with a foreclosure rate of one in every 6,172 homes. Out of 4,739,881 housing units, the state reported 768 foreclosures. Counties with the highest foreclosure rates per housing unit were Gates, Perquimans, Northampton, Lee, and Jones.
25. New Mexico New Mexico, ranked 36th in population, secured the 25th spot with a foreclosure rate of one in every 6,164 households. Out of 943,149 total housing units, the state reported 153 foreclosures. Counties with the highest foreclosure rates per housing unit were Torrance, Catron, Eddy, Valencia, and Sandoval.
24. Arizona Arizona, sorted as 14th in population, claimed the 24th spot with a foreclosure rate of one in every 5,912 homes. Out of 3,097,768 housing units, the state reported 524 foreclosures. Counties with the highest foreclosure rates per housing unit were Pinal, Mohave, Cochise, Yuma, and Gila.
23. Oklahoma Oklahoma, ranked 28th in population, secured the 23rd spot with a foreclosure rate of one in every 5,782 households. Out of 1,751,802 total housing units, the state reported 303 foreclosures. Counties with the highest foreclosure rates per housing unit were Washita, Garfield, Canadian, Coal, and Le Flore.
22. Louisiana Louisiana, sorted as 25th in population, claimed the 22nd spot with a foreclosure rate of one in every 5,188 homes. Out of 2,080,371 housing units, the state reported 401 foreclosures. Parishes with the highest foreclosure rates per housing unit were West Baton Rouge, Tangipahoa, Pointe Coupee, Livingston, and St. Bernard.
21. Kentucky Kentucky, with a total of 1,999,202 housing units, secured the 21st spot with a foreclosure rate of one in every 5,166 households. The state reported 387 foreclosures. Counties with the highest foreclosure rates per housing unit were Greenup, Martin, Marshall, Jefferson, and Metcalfe.
20. Utah Utah ranked 20th for highest foreclosure rate in February. With 1,162,654 housing units, the state reported 236 foreclosures, resulting in a foreclosure rate of one in every 4,927 households. Counties with the highest foreclosure rates per housing unit were Beaver, Tooele, Weber, Box Elder, and Sevier.
19. Alabama Alabama, listed as 24th in population, claimed the 19th spot with a foreclosure rate of one in every 4,756 homes. Out of 2,296,920 housing units, the state reported 483 foreclosures. Counties with the highest foreclosure rates per housing unit were Conecuh, Talladega, Montgomery, Chambers, and Mobile.
18. Michigan Michigan, ranked 10th in population, secured the 18th spot with a foreclosure rate of one in every 4,549 households. Out of 4,580,447 total housing units, the state reported 1,007 foreclosures. Counties with the highest foreclosure rates per housing unit were Calhoun, Oceana, Hillsdale, Lapeer, and Berrien.
17. Georgia Georgia, ranked eighth in population, claimed the 17th spot with a foreclosure rate of one in every 4,476 homes. Out of 4,426,780 housing units, the state reported 989 foreclosures. Counties with the highest foreclosure rates per housing unit were Lanier, Bleckley, Wheeler, Dawson, and Brooks.
16. Pennsylvania Pennsylvania had the 16th highest foreclosure rate in February. With 1,305 homes out of a total of 5,753,908 housing units going into foreclosure, the state reported a foreclosure rate of one in every 4,409 households. Counties with the highest foreclosure rates per housing unit were Philadelphia, Montgomery, Perry, Wyoming, and Columbia.
15. New York New York claimed the 15th spot yet again with 1,947 foreclosures out of a total of 8,494,452 housing units, resulting in a foreclosure rate of one in every 4,363 households. Counties with the highest foreclosure rates per housing unit were Orange, Putnam, Nassau, Suffolk, and Richmond.
14. Massachusetts Massachusetts ranked 14th for highest foreclosure rate this month. With 695 foreclosures out of a total of 2,999,314 housing units, the state reported a foreclosure rate of one in every 4,316 homes. Counties with the highest foreclosure rates per housing unit were Hampden, Plymouth, Berkshire, Worcester, and Bristol.
13. Texas Texas withstood 2,894 foreclosures in February, resulting in a foreclosure rate of one in every 4,027 households. With a total of 11,654,971 housing units, the Lone Star State claimed the 13th spot. Counties with the highest foreclosure rates per housing unit were Liberty, Roberts, Armstrong, Hood, and Atascosa.
12. Iowa Iowa ranked 12th for the highest foreclosure rate this month. With 359 foreclosures out of a total of 1,417,064 homes, the state reported a foreclosure rate of one in every 3,947 households. Counties with the highest foreclosure rates per housing unit were Tama, Wayne, Page, Jones, and Davis.
11. Indiana Indiana landed the 11th spot with a foreclosure rate of one in every 3,571 homes. Out of 2,931,710 housing units, the state reported 821 foreclosures. Counties with the highest foreclosure rates per housing unit were Grant, Randolph, Fountain, Howard, and Madison.
10. California California, the most populous state in the U.S., ranked 10th for the highest foreclosure rate in February. Out of its impressive 14,424,442 housing units, 4,079 went into foreclosure, resulting in a foreclosure rate of one in every 3,536 households. Counties with the highest foreclosure rates per housing unit were Lake, Calaveras, Trinity, Mendocino, and Shasta.
9. Maryland Maryland, ranked 18th in population, took ninth place for the highest foreclosure rate in February. With a total of 2,531,075 housing units, of which 824 went into foreclosure, the state’s foreclosure rate was one in every 3,072 households. Counties and independent cities with the highest foreclosure rates per housing unit were Kent, Baltimore City, Caroline, Allegany, and Calvert.
8. Nevada Nevada secured the eighth spot for the highest foreclosure rate this month. With one in every 3,068 homes going into foreclosure and a total of 1,288,357 housing units, the state had 420 foreclosure filings. Counties with the highest foreclosure rates per housing unit were Lincoln, Pershing, Clark, Lander, and Nye.
7. New Jersey New Jersey ranked seventh for the highest foreclosure rate this month. With a foreclosure rate of one in every 3,061 homes, the state contained 3,756,340 housing units, of which 1,227 went into foreclosure. Counties with the highest foreclosure rates per housing unit were Salem, Warren, Gloucester, Sussex, and Camden.
6. Illinois Illinois claimed the sixth spot for the highest foreclosure rate in February. Of its 5,427,357 homes, 1,839 went into foreclosure, resulting in a foreclosure rate of one in every 2,951 households. Counties with the highest foreclosure rates per housing unit were Pulaski, Macoupin, Boone, Edgar, and Marshall.
5. Connecticut Connecticut ranked fifth for the highest foreclosure rate in February. With 531 foreclosures out of a total of 1,531,332 homes, the state’s foreclosure rate was one in every 2,884 households. Counties with the highest foreclosure rates per housing unit were Windham, New Haven, Hartford, Litchfield, and Fairfield.
4. Ohio Ohio placed fourth in February with a foreclosure rate of one in every 2,828 homes. With a total of 5,251,209 housing units, the state had a total of 1,857 foreclosure filings. Counties with the highest foreclosure rates per housing unit were Muskingum, Marion, Highland, Ashtabula, and Crawford.
3. Florida Florida, the third-most populous state in the country, had the third-highest foreclosure rate. With one in every 2,632 homes going into foreclosure, the state reported 3,768 foreclosures out of 9,915,957 housing units. Counties with the highest foreclosure rates per housing unit were Osceola, Hamilton, Polk, Charlotte, and Baker.
2. Delaware Delaware, the sixth-least populous state, nabbed second place in February. With one in every 2,428 homes going into foreclosure and a total of 451,556 housing units, the state saw 186 foreclosures filed. Counties with the highest foreclosure rates per housing unit were New Castle, Kent, and Sussex.
1. South Carolina South Carolina had the highest foreclosure rate of all 50 states, with one in every 2,248 homes going into foreclosure. Out of the state’s 2,362,253 housing units, 1,051 were foreclosed on in February. Counties with the highest foreclosure rates per housing unit were Barnwell, Marion, Richland, Orangeburg, and Dorchester.
Among all 50 states, California had the most foreclosure filings with 4,079, while North Dakota had the least with only 13 filings. In terms of states with the highest foreclosure rates, South Carolina, Delaware, and Florida claimed the top three spots, respectively.
The Mideast region had the largest representation among the 10 states with the highest foreclosure rates. These states were Delaware, New Jersey, and Maryland.
On the other hand, the Plains region had the highest representation among the 10 states with the lowest foreclosure rates. These states included Nebraska, Kansas, South Dakota, and North Dakota.
These foreclosure rates not only reflect the economic conditions and housing market dynamics within each state but also underscore the financial challenges faced by homeowners and the broader implications for the real estate market nationwide.
Understanding these trends can empower homeowners, lenders, and policymakers to make informed decisions and implement strategies aimed at mitigating the impact of foreclosures and promoting housing stability and affordability across the United States.
In light of these foreclosure rates and the challenges they pose to homeowners, it’s crucial to seek guidance and support from experienced professionals. If you’re facing foreclosure or seeking assistance with navigating the complex landscape of real estate investments, don’t hesitate to reach out to Terri Lombardo at Venture REI. With their expertise and dedication, they can provide the assistance and resources you need to navigate these challenging times and secure a brighter future for yourself and your property. Don’t wait until it’s too late – contact Terri Lombardo at Venture REI today for all your foreclosure assistance needs.
