Arizona, much like Florida, is a snowbird’s paradise for both American and Canadian residents who make their way south to soak up the sun during the dark, winter months. In 2020, more than half of the vacant housing units in the Grand Canyon State were used for seasonal, recreational or occasional purposes.
The state is also grappling with a shortage of homes for sale or rent. Despite experiencing a population growth of 14.7 percent from 2010 to 2022, its housing stock only rose 11.9 percent — which means Arizona currently has a deficit of around 100,000 homes.
* Findings sourced from a study by real estate website LAHomes, which collected data from the U.S. Census Bureau Population Survey from 2011 to 2021 to see which state housing vacancies were highest on average.