--- title: Foreclosures Are on the Rise in These 10 U.S. Cities description: Nationwide, about 2.5 out of every 10,000 homes had a distressed property or foreclosure filing in June. authors: - name: Mary Ellen Cagnassola role: Reporter url: https://money.com/author/mary-ellen-cagnassola/ bio: Mary Ellen (M.E.) Cagnassola is a former Money reporter who specialized in U.S. rent and real estate, with a focus on market trends and affordability. education: Rutgers University, BA Journalism at_money_since: 2021 articles: 205 covers: - Housing - Banking - Business - Career Advice - Credit - Credit Cards - Economy and Politics - Education - Identity Theft - Insurance - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Pets - Professional Services - Retirement - Shopping - Taxes former_staff: true editors: - name: Julia Glum role: Managing Editor url: https://money.com/author/julia-glum/ bio: Julia Glum joined Money in 2018 and specializes in covering financial trends that affect everyday Americans' wallets. She also writes Dollar Scholar, a weekly newsletter that teaches young adults how to navigate the messy world of money. education: University of Florida at_money_since: 2018 articles: 453 covers: - Housing - Banking - Business - Career Advice - Credit - Credit Cards - Debt - Economy and Politics - Education - Health and Wellness - Identity Theft - Insurance - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Professional Services - Retirement - Shopping - Taxes - Technology also_seen_in: - Newsweek - International Business Times - CBS News - Good Morning America - WUSA9 - Pix 11 - The New York Times - Mashable - The Washington Post - CNBC - Politico social: - https://x.com/superjulia - https://www.linkedin.com/in/julia-glum fact_checkers: - name: Rachel Murphy url: https://money.com/author/rachel-murphy/ at_money_since: 2022 articles: 6 covers: - Housing - Banking - Economy and Politics - Investing - Personal Finance - Retirement former_staff: true published: '2023-07-26T20:34:42.000Z' modified: '2023-10-09T17:04:31.000Z' section: Housing tags: - News - real estate word_count: 630 canonical: https://money.com/home-foreclosures-rise-cities/ type: NewsArticle source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![Resort high rises in Atlantic City, New Jersey.](https://img.money.com/2023/07/News-Foreclosure-Rise-Top-Cities.jpg) [Foreclosure](https://money.com/what-is-foreclosure/) activity is climbing again this year after more than a decade of consistent year-over-year declines in homeowners having their properties seized for failure to pay. A [new report](https://www.realtor.com/news/trends/foreclosures-in-the-u-s-are-rising-the-10-cities-where-theyre-up-the-most/) from real estate listings site Realtor.com found that while national foreclosure filings are still historically low, several individual cities have seen a rise in foreclosure filings lately. Analysts compared June data from property data company ATTOM with numbers from May and June 2022, ranking metropolitan areas by current foreclosure rate. ## Shopping for a new home? Find out how much you can afford today. ### Mortgage Experts at Rocket Mortgage (NMLS #3030) are available to get you started on your home-buying journey with solid advice and priceless information. To find out more, click on your state today. [View Rates](https://money.com/pr/u1bd42af4e5f?ap_referrer=%2Fhome-foreclosures-rise-cities%2F) ## What the data says - Nationwide, about 2.5 out of every 10,000 homes had a distressed property or foreclosure filing in June, according to ATTOM's analysis. A distressed property filing means a home is in danger of foreclosure, while a foreclosure is the repossession and sale of a home by a lender to recoup a mortgage balance when a borrower [fails to pay](https://money.com/mortgage-payments-struggling-tips/). - The number of homes with foreclosure filings in the first half of 2023 was slightly less than 186,000. [ATTOM data shows](https://www.attomdata.com/news/market-trends/foreclosures/attom-mid-year-2023-u-s-foreclosure-market-report/#:~:text=24%2C019%20U.S.%20properties%20started%20the,1%20percent%20from%20June%202022.) Illinois, New Jersey and Maryland posted the most foreclosures. - The pandemic led to the lowest number of foreclosures in more than two decades as a result of measures intended to keep people in their homes. Now that these measures have expired, foreclosure numbers are once again climbing. - This year's numbers also pale in comparison to the 2010 peak of the housing crisis, when there were over 1.6 million homes with foreclosure filings. Realtor.com says 15 times as many [mortgage](https://money.com/current-mortgage-rates/) borrowers were dealing with foreclosure around that time. ## Should homeowners be worried about foreclosures? [Homeowners](https://money.com/build-wealth-owning-a-home-study/) shouldn’t panic about a repeat of the 2008 housing crisis anytime soon, Realtor.com says. Most homeowners were protected from foreclosure from March 2020 to May 2021, so the uptick in filings is expected as lenders catch up to borrowers who fell behind on their bills. Rising [property taxes](https://money.com/states-highest-property-taxes/) are another factor driving foreclosures. Home values across the U.S. have increased dramatically over the past few years. That's a good thing for homeowners, but some can’t afford their new [tax bills](https://money.com/states-lower-property-taxes-seniors/), especially with [inflation’s](https://money.com/inflation-june-2023-rent-insurance/) impact on other household expenses. “As property values have exploded in some areas, property taxes have as well,” Hannah Jones, an economic research analyst at Realtor.com, said in a news release. “It can make these homes [unaffordable](https://money.com/decrease-homes-middle-class-can-afford/) even if the owner has a [low mortgage rate](https://money.com/low-mortgage-rates-trap-home-sellers/).” ## 10 cities with the biggest increase in foreclosures Foreclosure rates in June were highest in a handful of mid-sized cities in the Southeast and Northeast, with Atlantic City, New Jersey, leading the pack. These are the metropolitan areas that saw the biggest increase in foreclosure filings per 10,000 housing units in June: 1. **Atlantic City, New Jersey** Median list price: $392,450 June foreclosure filings per 10,000 units of housing: 6.8 2. **Florence, South Carolina** Median list price: $273,950 June foreclosure filings per 10,000 units of housing: 6 3. **New Haven, Connecticut** Median list price: $424,850 June foreclosure filings per 10,000 units of housing: 5.6 4. **Baltimore, Maryland** Median list price: $365,875 June foreclosure filings per 10,000 units of housing: 5.5 5. **Mobile, Alabama** Median list price: $263,250 June foreclosure filings per 10,000 units of housing: 5.3 6. **Orlando, Florida** Median list price: $459,450 June foreclosure filings per 10,000 units of housing: 5.1 7. **Macon, Georgia** Median list price: $259,250 June foreclosure filings per 10,000 units of housing: 4.8 8. **Philadelphia, Pennsylvania** Median list price: $354,950 June foreclosure filings per 10,000 units of housing: 4.8 9. **Peoria, Illinois** Median list price: $169,675 June foreclosure filings per 10,000 units of housing: 4.5 10. **Modesto, California** Median list price: $532,438 June foreclosure filings per 10,000 units of housing: 4.3 ## Buy your new home with more convenience and less hassle ### A Mortgage Expert at Rocket Mortgage (NMLS #3030) can lend you a hand for a smoother process. Your dream home is possible. Click below to make it happen. [View Rates](https://money.com/pr/u918d32af718?ap_referrer=%2Fhome-foreclosures-rise-cities%2F) ![](https://s3.consumersadvocate.org/prd/image/image/26681/medium_57f09f10-efb8-487d-a73e-5f7d605144eb.png) Imagine finally owning your dream home — Rocket Mortgage (NMLS #3030) can help! [View Rates](https://money.com/pr/t39f99e0e0ab?ap_referrer=%2Fhome-foreclosures-rise-cities%2F) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "BreadcrumbList", "@id": "https://money.com/home-foreclosures-rise-cities/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://money.com" }, { "@type": "ListItem", "position": 2, "name": "Housing", "item": "https://money.com/housing/" }, { "@type": "ListItem", "position": 3, "name": "Housing Market", "item": "https://money.com/housing-market/" }, { "@type": "ListItem", "position": 4, "name": "Foreclosures Are on the Rise in These 10 U.S. Cities" } ] }, { "@type": "WebSite", "@id": "https://money.com/#website", "url": "https://money.com", "name": "Money", "publisher": { "@id": "https://money.com/#organization" } }, { "@type": "WebPage", "@id": "https://money.com/home-foreclosures-rise-cities/#webpage", "url": "https://money.com/home-foreclosures-rise-cities/", "name": "Foreclosures Are on the Rise in These 10 U.S. Cities", "isPartOf": { "@id": "https://money.com/#website" }, "datePublished": "2023-07-26T20:34:42.000Z", "mainEntity": { "@id": "https://money.com/home-foreclosures-rise-cities/" }, "inLanguage": "en-US", "breadcrumb": { "@id": "https://money.com/home-foreclosures-rise-cities/#breadcrumb" }, "dateModified": "2023-10-09T17:04:31.000Z", "reviewedBy": [ { "@type": "Person", "name": "Rachel Murphy", "url": "https://money.com/author/rachel-murphy/", "@id": "https://money.com/author/rachel-murphy/#author", "image": "https://img.money.com/2022/11/Rachel-0043-Edit.jpg?quality=85&w=640&h=640&crop=1" } ] }, { "@type": "NewsArticle", "headline": "Foreclosures Are on the Rise in These 10 U.S. Cities", "articleSection": "Housing", "image": [ { "@type": "ImageObject", "url": "https://img.money.com/2023/07/News-Foreclosure-Rise-Top-Cities.jpg", "width": 3000, "height": 2000, "caption": "News-Foreclosure-Rise-Top-Cities" } ], "author": [ { "@type": "Person", "name": "Mary Ellen Cagnassola", "url": "https://money.com/author/mary-ellen-cagnassola/", "@id": "https://money.com/author/mary-ellen-cagnassola/#author", "description": "Mary Ellen (M.E.) 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