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Where are vacation homes located in the US?

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Re: Where are vacation homes located in the US?

#7
I knew numerous people that have a vacation home in Florida due to their parents retiring there and then passing away. They decide to hold onto the house/condo as an investment rather than using it in any way. Given how many people were retiring to Florida, I wonder how many vacation homes there are due to this rather than being the preferred purchasing location for younger generations.

Re: Where are vacation homes located in the US?

#8

TL;DR In Florida

That's the TL;DR for the least interesting part of the article since most would expect Florida to have the most.

It's well known as a major state to retire to, and many of the things that make a place attractive as a retirement destination also make it attractive as a vacation home location. And it is a high population state so when comparing by absolute numbers it would be the most obvious candidate for most vacation homes.

The interesting part is where it looks at percentage of homes in the state that are vacation homes. Florida is high by that measure too at 8.2%, but behind Maine and Vermont which are each over 15%, and New Hampshire at over 10%.

It is even a little behind Alaska (8.9%) and Delaware (8.6%). I bet not many people would have guessed that Alaska has a higher percentage of vacation homes that Florida.

Hawaii is also interesting. It has twice the population of Alaska, but only slightly more vacation homes (31.6k vs 29.2k).

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