Lancaster, York metros among hottest real-estate markets
Lancaster County remains one of the five U.S. markets most at risk of running out of places for people to live, according to a recent report on residential vacancy rates.
Using data from California-based ATTOM Data Solutions, website Credit.com ranked the 25 metropolitan areas with the fewest available residential properties, or the lowest vacancy rates.
Lancaster County was No. 3 with a vacancy rate of 0.26 percent. That translates into 392 available properties out of 149,654 residential properties in the county overall, according to ATTOM's data.
York-Hanover was No. 15 with a vacancy rate of 0.53 percent. According to ATTOM, the metro area had 769 vacant residential properties out of 146,023 total properties.
By comparison, Harrisburg-Carlisle came in with a vacancy rate of 1.06 percent. Lebanon County was not included in the analysis.
The ATTOM data did not include metro areas with populations of less than 100,000, so only 149 metros made the cut.
The top 25 metros all had vacancy rates of less than 1 percent, which is good news for landlords and sellers but not so great for buyers and renters. Low vacancy rates push up rents and home prices.
Lancaster County also was in the top five last year, according to ATTOM, which was previously branded as RealtyTrac.