5 US Cities With the Most Foreclosures in 2023

In this article, we will take a look at the 5 US cities with the most foreclosures in 2023. If you want to read our discussion on the trends in the real estate market, you can go directly to the 30 US Cities With the Most Foreclosures in 2023.

5. Lakeland-Winter Haven, FL

Foreclosure rate: 1 in every 347 housing units

Change in foreclosures from Jan-Jun 2022: +4.2%

In this area, the median property value stands at $310,565, and the median household income is $55,099. The homeownership rate stands at 69.1%, with a mortgage rate of 66.9%.

4. Columbia, SC

Foreclosure rate: 1 in every 342 housing units

Change in foreclosures from Jan-Jun 2022: -2.4%

Columbia, SC, with a population of 825,823, reports a median property value of $220,612. The median household income is $58,992. Columbia has a homeownership rate of 68%, with a mortgage rate of 68.4%.

3. Fayetteville, NC

Foreclosure rate: 1 in every 337 housing units

Change in foreclosures from Jan-Jun 2022: +23.9%

In Fayetteville, the median property value is $199,299, and the homeownership rate stands at 57.3%, with 64.9% of homes being mortgaged. The median household income in the area is $52,835.

2. Atlantic City-Hammonton, NJ

Foreclosure rate: 1 in every 307 housing units

Change in foreclosures from Jan-Jun 2022: -1.6%

In this area, the median property values are reported at $332,666, and the median household income is $66,473. The homeownership rate is 66.9%, while the mortgage rate is 58.6%.

1. Cleveland-Elyria, OH

Foreclosure rate: 1 in every 301 housing units

Change in foreclosures from Jan-Jun 2022: -17.1%

The median property values in Cleveland-Elyria were recorded at $214,136, while the median household income stood at $61,320. The homeownership rate in the area is 65%, with 61.4% of homes being mortgaged.