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Foreclosure Rates for All 50 States in May 2022

By Robin Rothstein · June 23, 2022 · 12 minute read

We’re here to help! First and foremost, SoFi Learn strives to be a beneficial resource to you as you navigate your financial journey. Read more We develop content that covers a variety of financial topics. Sometimes, that content may include information about products, features, or services that SoFi does not provide. We aim to break down complicated concepts, loop you in on the latest trends, and keep you up-to-date on the stuff you can use to help get your money right. Read less

Foreclosure Rates for All 50 States in May 2022

Amid rising mortgage rates and falling home sales, foreclosures are on the upswing. The number of U.S. properties with foreclosure filings in May was 30,881, according to ATTOM Data Solutions. This is up over 185% from a year ago and makes May the 13th consecutive month showing year-over-year U.S. foreclosure activity increases. And with the National Association of Realtors® reporting that the median home price has reached a record $407,600, home ownership is becoming more difficult for both new buyers as well as existing owners.

It is also worth noting that the rate of foreclosure filings was relatively flat from April to May, up by roughly 1%. The experts at ATTOM say this aligns with the slow, steady climb they expected. Foreclosure activity has begun returning to normal levels as government and industry programs that prevented unnecessary defaults due to the pandemic are ending. However, historically high inflation and its impact on prices for necessities is likely to trigger even more foreclosure activity.

According to ATTOM, year-over-year foreclosure increases will likely continue for the rest of 2022; however, they still expect foreclosures to stay below historic levels at least through the end of the year. Read on for the foreclosure rates in May 2022 – plus the five counties with the highest rates within those states.

50 State Foreclosure Rates

As just noted, foreclosures are up slightly from last month, but significantly compared to last year. Read on for May foreclosure rates for all 50 states — plus the District of Columbia — beginning with the state that had the lowest rate of foreclosure filings per housing unit.

District of Columbia

Ranking in population between Vermont and Alaska, the country’s 49th and 48th least populated states, Washington, D.C. had 29 foreclosures in May. With a total of 350,364 housing units, Washington, D.C.’s foreclosure rate was one in every 12,082 households, putting it in between the states of Idaho (#39) and Tennessee (#38).

50. Montana

The 44th most populated state nabbed the 50th spot. With four foreclosures out of 514,803 housing units, its foreclosure rate was one in every 128,701 homes. Only two counties saw foreclosures in May. The counties with the most foreclosures per housing unit were (from highest to lowest): Cascade and Yellowstone.

49. South Dakota

South Dakota slipped out of the 50th spot. Having 389,921 total housing units, the fifth least populated state had a foreclosure rate of one in every 48,740 households and saw eight foreclosures in May. Only three counties saw foreclosures. The counties with the most foreclosures per housing unit were (from highest to lowest): Codington, Minnehaha, and Lincoln.

48. Vermont

In 49th place for population, Vermont claimed the 48th spot for its foreclosure rate. Of Vermont’s 334,318 housing units, seven homes went into foreclosure at a rate of one in every 47,760 households. The counties with the most foreclosures per housing unit were (from highest to lowest): Essex, Franklin, Orleans, Windham, and Washington.

47. North Dakota

North Dakota’s foreclosure rate was one in every 19,507 homes. That puts the fourth least populated state – with a total of 370,642 housing units, of which 19 were in foreclosure — in 47th place once again. The counties with the most foreclosures per housing unit were (from highest to lowest): Ward, Morton, Williams, Cass, and Burleigh.

46. Kansas

Kansas took the 46th spot. With 1,275,689 homes and a total of 70 housing units going into foreclosure, the 35th most-populated state’s foreclosure rate was one in every 18,224 households. The counties with the most foreclosures per housing unit were (from highest to lowest): Meade, Scott, Butler, Kingman, and Montgomery.

45. Kentucky

With a total 1,994,323 housing units, Kentucky saw 112 homes go into foreclosure. That put the foreclosure rate for the 26th most populated state at one in every 17,806 households. The counties with the most foreclosures per housing unit were (from highest to lowest): Carroll, Garrard, Henderson, Greenup, and Campbell.

44. Alaska

Alaska saw 20 foreclosures, making the foreclosure rate one in every 15,876 homes. That caused the third least populated state, with a total of 317,524 housing units, to take the 44th spot. Only two counties saw foreclosures in May (from highest to lowest): Anchorage and Matanuska-Susitna.

43. Washington

Ranked 13th for most populated state, Washington came in 43rd place for highest foreclosure rate. It has 3,202,241 housing units, of which 202 went into foreclosure, making the state’s foreclosure rate one in every 15,853 households. The counties with the most foreclosures per housing unit were (from highest to lowest): Island, Clallam, Pacific, Lewis, and Grant.

42. West Virginia

The 39th most populated state, West Virginia, ranked 42nd. It has 855,635 homes, of which 56 went into foreclosure. That means the foreclosure rate was one in every 15,279 homes. The counties with the most foreclosures per housing unit were (from highest to lowest): Wetzel, Raleigh, Cabell, Kanawha, and Barbour.

41. Arkansas

Ranked 33rd for most populated state, Arkansas once again took the 41st spot for highest foreclosure rate. It has 1,365,265 housing units, of which 90 went into foreclosure, making the state’s latest foreclosure rate one in every 15,170 households. The counties with the most foreclosures per housing unit were (from highest to lowest): Woodruff, Crittenden, Mississippi, Saint Francis, and Chicot.

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40. Oregon

The 27th most populated state ranked 40th for highest foreclosure rate. Of Oregon’s 1,813,747 homes, 137 went into foreclosure, making for a foreclosure rate of one in every 13,239 homes. The counties with the most foreclosures per housing unit were (from highest to lowest): Wallowa, Umatilla, Columbia, Clackamas, and Multnomah.

39. Idaho

The 38th most populated state, Idaho had 60 homes go into foreclosure. With 751,859 total housing units, the state’s foreclosure rate was one in every 12,531 households. The counties with the most foreclosures per housing unit were (from highest to lowest): Boundary, Power, Jefferson, Lemhi, and Payette.

38. Tennessee

In Tennessee, the 16th most populated state, there were 271 foreclosures out of 3,031,605 housing units. That put the foreclosure rate at one in every 11,187 homes. The counties with the most foreclosures per housing unit were (from highest to lowest): Houston, Decatur, Henderson, Hardeman, and Moore.

37. Wisconsin

With 262 foreclosures out of 2,727,726 total housing units, Wisconsin, the 20th most populated state, had a foreclosure rate of one in every 10,411 households. The counties with the most foreclosures per housing unit were (from highest to lowest): Juneau, Marquette, Dodge, Marathon, and Sauk.

36. Massachusetts

The 15th most populated state ranked 36th for highest foreclosure rate. Of Massachusetts’ 2,998,537 housing units, 304 went into foreclosure, making for a foreclosure rate of one in every 9,864 homes. The counties with the most foreclosures per housing unit were (from highest to lowest): Hampden, Franklin, Plymouth, Worcester, and Berkshire.

35. Mississippi

In Mississippi, the 34th most populated state, there were 139 foreclosures out of 1,319,945 housing units. That put the foreclosure rate at one in every 9,496 homes. The counties with the most foreclosures per housing unit were (from highest to lowest): Wayne, Forrest, Warren, Leake, and Tunica.

34. New Hampshire

The 41st most populated state, New Hampshire, ranked 34th for highest foreclosure rate. Of 638,795 homes, 77 went into foreclosure, making for a foreclosure rate of one in every 8,296 households. The counties with the most foreclosures per housing unit were (from highest to lowest): Sullivan, Cheshire, Rockingham, Grafton, Coos, and Merrimack.

33. Virginia

The 12th most populated state ranked 33rd for highest foreclosure rate, with 453 homes going into foreclosure. Having 3,618,247 total housing units, the state saw a foreclosure rate of one in every 7,987 households. The counties with the most foreclosures per housing unit were (from highest to lowest): Colonial Heights City, Covington City, Martinsville City, Sussex, and Portsmouth City.

32. Hawaii

The 40th most populated state, Hawaii came in 32nd for highest foreclosure rate. Of 561,066 homes, 72 went into foreclosure, making for a foreclosure rate of one in every 7,793 households. Only three counties in the state had foreclosures. They were (from highest to lowest): Hawaii, Maui, and Honolulu.

31. Rhode Island

The eighth least populated state took the 31st spot for highest foreclosure rate. A total of 63 homes went into foreclosure out of 483,474 total housing units, making the foreclosure rate for the Ocean State one in every 7,674 households. The counties with the most foreclosures per housing unit were (from highest to lowest): Providence, Kent, Bristol, Washington, and Newport.

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30. Colorado

The 21st most populated state ranked 30th for highest foreclosure rate. Of Colorado’s 2,491,404 housing units, 381 went into foreclosure, making for a foreclosure rate of one in every 6,539 homes. The counties with the most foreclosures per housing unit were (from highest to lowest): Pueblo, Lincoln, Logan, Adams, and Weld.

29. Arizona

In Arizona, the 14th most populated state, there were 483 foreclosures out of 3,082,000 housing units. That put the foreclosure rate at one in every 6,381 homes. The counties with the most foreclosures per housing unit were (from highest to lowest): Cochise, Yuma, Pinal, Greenlee, and Graham.

28. Wyoming

Ranked the least populated state in the country, Wyoming claimed the 28th spot for highest foreclosure rate. With 271,887 housing units, of which 43 went into foreclosure, the state’s foreclosure rate was one in every 6,323 households. The counties with the most foreclosures per housing unit were (from highest to lowest): Campbell, Weston, Sweetwater, Carbon, and Uinta.

27. Pennsylvania

Pennsylvania has the 27th highest foreclosure rate. The fifth most populated state had a total of 953 housing units out of 5,742,828 homes go into foreclosure, making the state’s foreclosure rate one in every 6,026 households. The counties with the most foreclosures per housing unit were (from highest to lowest): Cameron, Fayette, Delaware, Philadelphia, and Fulton.

26. Nebraska

Ranked 37th for population, Nebraska claimed the 26th spot with a foreclosure rate of one in every 5,946 homes. With a total 844,278 housing units, the state had 142 foreclosure filings. The counties with the most foreclosures per housing unit were (from highest to lowest): Red Willow, Deuel, Colfax, Frontier, and Clay.

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25. New Mexico

The 36th most populated state took the 25th spot for highest foreclosure rate. Of its 940,859 homes, 162 went into foreclosure, making for a foreclosure rate of one in every 5,808 homes. The counties with the most foreclosures per housing unit were (from highest to lowest): Chaves, Valencia, Eddy, Otero, and Socorro.

24. Louisiana

Ranked 25th for population, Louisiana took the 24th spot, with 357 homes out of a total of 2,073,200 housing units going into foreclosure. That means Louisiana had a foreclosure rate of one in every 5,807 households. The counties with the most foreclosures per housing unit were (from highest to lowest): West Baton Rouge, Livingston, Iberville, Plaquemines, and Ascension.

23. New York

With 1,564 out of a total 8,488,066 housing units going into foreclosure, the fourth most populated state took the 23rd spot. New York’s foreclosure rate was one in every 5,427 households. The counties with the most foreclosures per housing unit were (from highest to lowest): Suffolk, Nassau, Herkimer, Orleans, and Putnam.

22. Texas

The Lone Star State saw 2,152 foreclosures. With a foreclosure rate of one in every 5,385 households, this put the second most populous state with 11,589,324 housing units into the 22nd spot. The counties with the most foreclosures per housing unit were (from highest to lowest): Ector, Liberty, Scurry, San Patricio, and Wood.

21. Alabama

Ranked 24th for most populated, Alabama came in 21st for highest foreclosure rate – the same ranking it held in April. Of its 2,288,330 homes, 425 went into foreclosure, making for a foreclosure rate of one in every 5,384 homes. The counties with the most foreclosures per housing unit were (from highest to lowest): Lowndes, Hale, Wilcox, Jefferson, and Morgan.

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20. Minnesota

Ranked 22nd for most populated state, Minnesota took the 20th spot for highest foreclosure rate. It has 2,485,558 housing units, of which 467 went into foreclosure, making the state’s foreclosure rate one in every 5,322 households. The counties with the most foreclosures per housing unit were (from highest to lowest): Wadena, Isanti, Faribault, Morrison, and Mower.

19. Missouri

The 19th most populated state, Missouri came in 19th for highest rate of foreclosures. Of its 2,786,621 homes, 524 went into foreclosure, making for a foreclosure rate of one in every 5,318 homes. The counties with the most foreclosures per housing unit were (from highest to lowest): Atchison, Stoddard, Scott, Clinton, and Buchanan.

18. Utah

Utah placed 18th for highest foreclosure rate. Of the Beehive State’s 1,151,414 housing units, 221 homes went into foreclosure, making the 30th most-populated state’s foreclosure rate one in every 5,210 households. The counties with the most foreclosures per housing unit were (from highest to lowest): Juab, Tooele, Carbon, Wasatch, and Uintah.

17. California

The country’s most populated state ranked 17th for highest foreclosure rate. Of its 14,392,140 housing units, 3,126 went into foreclosure, making California’s foreclosure rate one in every 4,604 households. The counties with the most foreclosures per housing unit were (from highest to lowest): Lake, Trinity, Plumas, Kern, and San Bernardino.

16. Oklahoma

Oklahoma claimed the ninth spot. With housing units totaling 1,746,807, the 28th most populated state saw 392 homes go into foreclosure at a rate of one in every 4,456 homes. The counties with the most foreclosures per housing unit were (from highest to lowest): Greer, Jackson, Canadian, Beckham, and Kingfisher.

15. Maine

Ranked as the ninth least populated state, Maine placed 15th for highest foreclosure rate. With a total of 739,072 housing units, the Pine Tree State saw 168 foreclosures for a foreclosure rate of one in every 4,399 homes. The counties with the most foreclosures per housing unit were (from highest to lowest): Androscoggin, Washington, Oxford, Waldo, and Penobscot.

14. Nevada

Ranking 32nd in population, Nevada took the 14th spot for foreclosure rate. With one in every 4,313 homes going into foreclosure, and a total of 1,281,018 housing units, the state had 297 foreclosure filings. The counties with the most foreclosures per housing unit were (from highest to lowest): Lincoln, Humboldt, Mineral, Clark, and Nye.

13. Iowa

Iowa had the 13th highest foreclosure rate. With 341 housing units out of 1,412,789 homes going into foreclosure, the 31st most populated state’s foreclosure rate was one in every 4,143 homes. The counties with the most foreclosures per housing unit were (from highest to lowest): Decatur, Adair, Pottawattamie, Union, and Jones.

12. Georgia

The eighth most populated state, Georgia ranked 12th for highest foreclosure rate. Of its 4,410,956 homes, 1,066 were foreclosed on. That put the state’s foreclosure rate at one in every 4,138 households. The counties with the most foreclosures per housing unit were (from highest to lowest): Butts, Bibb, Seminole, Crawford, and Bleckley.

11. Michigan

Ranking 10th in population, Michigan took the 11th spot with a foreclosure rate of one in every 3,936 homes. With a total of 4,570,173 housing units, the state had 1,161 foreclosure filings. The counties with the most foreclosures per housing unit were (from highest to lowest): Shiawassee, Genesee, Saint Joseph, Calhoun, and Osceola.

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10. Indiana

The 17th largest state by population, Indiana took the 10th spot with a foreclosure rate of one in every 3,877 homes. Of its 2,923,175 homes, 754 homes were foreclosed on in May. The counties with the most foreclosures per housing unit were (from highest to lowest): Howard, Grant, Clinton, Madison, and Lake.

9. Connecticut

With 399 of its 1,530,197 homes going into foreclosure, Connecticut had the ninth highest foreclosure rate at one in every 3,835 households. In the 29th most populated state, the counties that had the most foreclosures per housing unit were (from highest to lowest): Windham, Litchfield, New London, and New Haven, and Hartford.

8. North Carolina

The ninth most populated state took eighth place for highest foreclosure rate. Out of 4,708,710 homes, 1,258 went into foreclosure. That put the Tar Heel State’s foreclosure rate at one in every 3,743 homes. The counties with the most foreclosures per housing unit were (from highest to lowest): Gates, Onslow, Scotland, Jones, and Vance.

7. Maryland

Ranked 18th for most populated state, Maryland took seventh place for highest foreclosure rate. With a total of 2,530,844 housing units, of which 815 housing units went into foreclosure, the state’s foreclosure rate was one in every 3,105 households. The counties with the most foreclosures per housing unit were (from highest to lowest): Charles, Kent, Prince George’s County, Garrett, Caroline, and Washington.

6. South Carolina

With one in every 3,045 homes going into foreclosure, South Carolina took the sixth spot. Ranked 23rd for population, South Carolina has 2,344,963 housing units and saw 770 foreclosure filings. The counties with the most foreclosures per housing unit were (from highest to lowest): Darlington, Lexington, Mccormick, Dorchester, and Laurens.

5. Florida

The third most populated state in the country has a total of 9,865,350 housing units, of which 3,538 went into foreclosure. The state’s fifth highest foreclosure rate is one in every 2,788 homes. The counties with the most foreclosures per housing unit were (from highest to lowest): Baker, Osceola, Okeechobee, Duval, and Clay.

4. Ohio

Ohio claimed the fourth spot, with a foreclosure rate of one in every 2,667 homes. With a total of 5,242,524 housing units, the seventh most populated state had a total of 1,966 filings. The counties with the most foreclosures per housing unit were (from highest to lowest): Cuyahoga, Huron, Darke, Preble, and Lake.

3. Delaware

The sixth least populated state in the country, Delaware entered the top three, taking the third spot for highest foreclosure rate. With one in every 2,426 homes going into foreclosure and a total 448,735 housing units, Delaware saw a total of 185 foreclosure filings. With only three counties in the state, the most foreclosures per housing unit were in (from highest to lowest): Kent, New Castle, and Sussex.

2. New Jersey

With a foreclosure rate of one in every 2,346 homes, New Jersey held on to second place. The 11th most populated state has 3,761,229 housing units, of which 1,603 went into foreclosure. The counties with the most foreclosures per housing unit were (from highest to lowest): Cumberland, Salem, Sussex, Warren, and Camden.

1. Illinois

Illinois took the number one spot again in May. Of its 5,426,429 homes, 2,000 went into foreclosure, making the sixth most populated state’s foreclosure rate one in every 2,713. The counties with the most foreclosures per housing unit were (from highest to lowest): Kendall, Whiteside, Ford, Kankakee, and Rock Island.

The Takeaway

Of all 50 states, Florida had the most foreclosure filings (3,538); Montana had the least (4). As for the states with the highest foreclosure rates, Illinois, New Jersey, and Delaware took the top three spots, respectively.

Three regions – The Great Lakes, the Mideast and Southeast – tied for having the largest presence among the 10 states that ranked the highest for foreclosure rates. The states in the Great Lakes region were (from highest to lowest): Illinois, Ohio, and Indiana. The states in the Mideast region were (from highest to lowest): New Jersey, Delaware, and Maryland. The states in the Southeast region were (from highest to lowest): Florida, South Carolina, and North Carolina.

The Plains region and the Southeast region tied for the largest presence among the 10 states that ranked the lowest for foreclosure rates. The states in the Plains region were (from highest to lowest): Kansas, North Dakota, and South Dakota. The states in the Southeast region were (from highest to lowest): Arkansas, West Virginia, and Kentucky.

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