What Percentage of Americans Own a Second Home?

According to a recent survey, approximately six percent of American households are the proud owners of a vacation home. In fact, this is an increase of over one percent since the last in-depth research into recreational properties was conducted nearly two decades ago. Here are some other interesting statistics about vacation home ownership to consider:
  • Out of the 5.5 million households that own vacation homes, the vast majority (almost 80 percent) have just one vacation property. The remaining 20 percent own two or more!
  • The states with the highest percentage of households owning vacation homes are Maine, New Hampshire, and Vermont. Beach destinations like Hawaii and Florida also have a significant number of vacation homes.
  • Interestingly, nearly 40 percent of vacation home owners use the property as their primary residence for at least part of the year. This means that owning a vacation home can be a good option for those who are considering relocating or retiring in the future.
  • Finally, the survey found that homeowners who rent out their vacation properties generate an average income of $28,000 annually. This can be a great way to offset the costs of owning a second home.
  • Overall, owning a vacation home is a dream for many Americans and it’s interesting to see the statistics behind this aspiration. With a little bit of planning and determination, anyone can become a proud vacation home owner!
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    New survey reveals increase in vacation home ownership

    According to a recent survey, almost six percent of American households now own a vacation home, which is a 1 percent increase from research done 17 years prior. This is an interesting trend in property ownership as the economy continues to grow and information on property investment becomes more accessible. The increase in property ownership has implications for the real estate industry and the tourism sector that heavily relies on vacation homes.

    American households own vacation homes or timeshares

    The latest research shows that 5.5 million households in the United States own vacation homes or timeshares, with 2.1 million owning camping sites or land. The data also shows that people from higher earning households are more likely to own vacation homes, with almost 20 percent of households with incomes over $200,000 having a second home.

    Analysis of latest research on recreation properties

    The research shows a promising trend of people investing in vacation homes and timeshares. A significant number of Americans are utilizing their funds and energy in investing in recreation properties, which have been described as worthwhile investments with high returns. Vacation homes like Airbnb and VRBO rentals could earn families extra rental income, while also providing a comfortable place to stay for vacation.

    Who owns vacation homes in the United States?

    Statistical findings show that people from higher earning households are more likely to own vacation homes, with almost 20 percent of households with incomes over $200,000 owning a second home. This indicates that property investment is not only becoming more popular in general, but it is also becoming attractive to people with high earning potential.
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    Camping sites and land ownership statistics

    In addition to the 5.5 million households that own vacation homes or timeshares, another 2.1 million own camping sites or land. This could be related to the growing trend of people seeking outdoor activities and experiences, as well as a desire to create space for activities like RVing and camping. Bold bullet point heading:
    – Higher earner households are more likely to own vacation homes
    – Over 5.5 million American households own vacation homes or timeshares
    – More than 2.1 million households own camping sites or land
    – Real estate industry and tourism sector are impacted by vacation home ownership
    There are changing trends in the way people spend money on properties, with an increasing amount of focus on vacation homes rather than primary residences. In the past, owning a vacation home was seen as a luxury investment that only wealthy people could afford, but now it is becoming a more attainable goal.

    Factors contributing to the rise in vacation home ownership

    There are several factors contributing to the rise in vacation home ownership, including the accessibility of information on property investment, the growing popularity of vacation home rental platforms like Airbnb, and the need to diversify investment portfolios. Additionally, as more people look for ways to escape the confines of daily life, property investment has become an attractive option. Overall, the increase in vacation homeownership is an indication of people’s growing interest in investment opportunities and the desire for experiences beyond their daily routines. This trend is set to continue as more people seek new ways to spend their time and money.

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