Florida Ranks High for Vacant Homes as Treasure Coast Leads Nation in Homelessness

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A new study found that Florida ranks 7th in the U.S. for the highest percentage of vacant homes used as seasonal or vacation properties, even as the state's Treasure Coast region leads the nation in homelessness. The Treasure Coast had the highest rate of unsheltered homelessness in the country in 2023, with only one emergency shelter bed for every five homeless individuals. Despite this crisis, some communities on the Treasure Coast lack any beds for single, homeless adults.

Why it matters

The high rate of vacant, seasonal homes in Florida exacerbates the housing crisis, making it even harder for residents to find permanent housing. This issue is particularly acute on the Treasure Coast, where homelessness has reached alarming levels, with limited shelter resources available to those in need.

The details

The study by Compare the Market found that Florida had the highest homelessness population and number of vacant homes out of the top 10 states with the most seasonal/vacation properties. On the Treasure Coast, the 2023 Annual Homelessness Assessment Report to Congress found the region had the highest rate of unsheltered homelessness in the country. While some progress has been made, with St. Lucie County opening a 24-bed shelter for homeless men and The Source in Vero Beach expanding its services, the need for housing and shelter resources remains dire, with Martin County lacking any beds for single, homeless adults.

• The Compare the Market study analyzed data from 2023.
• The 2023 Annual Homelessness Assessment Report to Congress provided the latest figures on homelessness in the Treasure Coast region.

What’s next

Community leaders and policymakers on the Treasure Coast will need to continue exploring solutions to address the region's homelessness crisis, including expanding shelter capacity, affordable housing options, and support services.