(NEXSTAR) – More than 16 million homes are vacant in the United States, according to a report using census data.

The LendingTree study ranked the nation’s 50 states by their share of unoccupied homes. The highest vacancy rates were observed in Vermont, Maine and Alaska. Each state has between 20% and 22% of its housing stock vacant.

The three states combined are home to over 315,000 unoccupied homes.

Other states rank lower on the list but have many more vacant units because they are larger. Florida, for example, is No. 6 on the list. About 17% of Florida states are vacant, according to the report. This represents nearly 1.7 million dwellings.

Just because a house is vacant doesn’t mean it’s rotting. The report points out that there are several reasons why a house may be vacant; it may be on the market or it could be a vacation home. There is also the possibility that it is uninhabitable.

The states with the lowest vacancy rates were Oregon, Washington and Connecticut, New Jersey and California. Many parts of these states have extremely competitive housing markets and are considered highly desirable places to live.

A low vacancy rate often means there is strong demand in the housing market and home prices are generally higher, writes LendingTree. But the opposite is not always true. Some of the states with high vacancy rates have affordable housing markets, while others have many expensive homes that are simply vacant most of the time because they are vacation homes or vacation homes. weekend.

The states with the highest vacancy rates are:

  1. Vermont (22.9%)
  2. Maine (22.7%)
  3. Alaskan (20.5%)
  4. West Virginia (18.1%)
  5. Alabama (17.7%)
  6. Florida (17.1%)
  7. New Hampshire (16.7%)
  8. Mississippi (16.3%)
  9. Louisiana (16.2%)
  10. Wyoming (15.9%)

The states with the lowest vacancy rates are:

  1. Oregon (7.8%)
  2. Washington (7.9%)
  3. Connecticut (8.1%)
  4. New Jersey (8.5%)
  5. California (8.7%)
  6. Massachusetts (8.7%)
  7. Maryland (9.1%)
  8. Illinois (9.1%)
  9. Utah (9.5%)
  10. Colorado (9.5%)

See the complete list of vacancy rates by state from LendingTree. The company used the Census Bureau’s 2020 American Community Survey to compile its job vacancies report.