These states are facing the biggest financial hit from America’s eviction crisis

With eviction filings reaching record highs in 2024, increasing by 53% since 2019 in some states, and U.S. homelessness rising 18% in 2024, the nationwide rental crisis has reached critical levels across multiple states. A recent study by Highland Cabinetry analyzed rent statistics across the U.S. to identify the states where tenants are evicted the most.

The research compares states across key characteristics, including average rent, home size, and likelihood of eviction in the next 2 months. The study calculated the potential rental loss based on eviction likelihood and average rent, ranking the states losing the most to least to potential evictions.

You can find the full research findings by following this link.

The U.S. state losing the most money from tenant evictions is Texas, with the potential rent loss of $361.4 million. The state has the second most affordable rent in the top 10, at $1,449 on average, but 20.3% of renters are very likely to be evicted in the next 2 months.

California ranks 2nd among the states, losing the most from evictions, at $357.2 million. Compared to Texas, the rate of evictions from homes is significantly lower, at 8.7%, which is over two times less. However, the second-highest rent in the ranking leads to a high potential for losses from evictions.

New Jersey is third, with $329.5 million. The state stands out with the highest likelihood of evictions at 41.6%. In addition to high rents, averaging $2,337, this creates a significant potential loss due to evictions and the instability of the rental market.

In fourth place is Illinois, with the potential rent loss of $208.6 million. The likelihood of evictions here is similar to Texas at 20.9%, but the rent is much higher. On average, renters in Illinois have to pay $1,944 monthly, and 1 in 5 renters is still at risk of being evicted.

New York is fifth on the list of U.S. states, losing the most money from evictions, with $160.2 million. The state has the highest rents, with an average of $2,739, higher than in New Jersey or California. At the same time, the rental market is less affected by evictions, with only 7.4% of renters facing likely eviction in the next 2 months, the lowest rate in the ranking.

Washington gets sixth place, with $77.7 million in potential losses, over 2 times less than in New York. The rent here is quite expensive, amounting to $2,020 on average, while the risk of evictions remains high. Over 23% of tenants are likely to be evicted in Washington over the next 2 months.

Oregon follows closely with seventh place and a potential rent loss of $74.6 million. While the rent here is cheaper than in Washington or New York, the likelihood of eviction is significantly higher, at 34.6%, which is a risk for 1 of every 3 renters.

In eighth position is Michigan, with $64.2 million of rent losses. The state has the cheapest rent in the top 10, with $1,346, but the potential losses are quite high because many renters are at risk of eviction. Over 41.5% of renters are likely to be evicted, the second-highest rate in the ranking.

Connecticut is ninth, potentially losing $61.2 million from evictions in the next 2 months. The rent here is similar to Washington, but the eviction likelihood is higher in Connecticut, amounting to 28.9%.

Pennsylvania closes the ranking of the U.S. states losing the most from evictions, in tenth place and with $57.5 million in potential losses. The state has the third-lowest likelihood of eviction at 15.5%, behind New York and California, but together with $1,730 monthly rent, it creates a substantial financial loss.