Summary
A study by MovingPlace shows that Rhode Island has the highest number of "lemon" homes, which are properties with hidden issues causing unexpected costs for new owners. The study used data to rank states based on the risk of buying such homes, with common issues including water damage, roof problems, and foundation faults.
Key Facts
- Rhode Island has the highest risk for "lemon" homes with a risk score of 86/100.
- "Lemon" homes often have hidden problems that lead to expensive repairs.
- MovingPlace used PGM’s Home Factors data to identify homes with common issues.
- Key issues in "lemon" homes include water damage, roofing needs, and foundation problems.
- Ohio, Massachusetts, Connecticut, Iowa, New York, and Pennsylvania follow Rhode Island in high "lemon" home risks.
- Approximately 90% of residential properties were included in the study's data set.
- Each state's score was based on key property issues found in homes within the state.
