Do you want content like this delivered to your inbox?
Share

Approximately 15% of Second Homes in the U.S. are Located in Florida

Share

15% of all U.S. second homes located in Fla.

WASHINGTON – Dec. 11, 2018 – The U.S. has about 7.4 million vacation and second homes, or about 5.6 percent of the total housing stock, according to a recent National Association of Home Builders (NAHB) analysis of 2016 national census data.

Florida has the largest stock of second homes – 1.1 million properties – followed by California, New York, Texas, Michigan, North Carolina, Arizona and Pennsylvania.

"The concentration of second homes is not simply restricted to conventional locations like beachfront areas," NAHB reports in its Eye on Housing blog. Second homes account for at least 10 percent of the local housing stock in about 916 counties in 49 states. Connecticut and Washington, D.C., were the two exceptions.

The counties with the most second homes tend to be located in or near metro areas. The following 10 counties, half of which are in Florida, have the most second homes:

  1. Maricopa County, Ariz.: 113,513 second homes
  2. Palm Beach County, Fla.: 99,536
  3. Broward County, Fla.: 97,224
  4. Lee County, Fla.: 95,671
  5. Miami-Dade County, Fla.: 87,225
  6. Riverside County, Calif.: 76,331
  7. Pinellas County, Fla.: 65,281
  8. Barnstable County, Mass.: 63,225
  9. Collier County, Fla.: 61,050
  10. Suffolk County, N.Y.: 58,452

Source: "Nation's Stock of Second Homes," National Association of Home Builders' Eye on Housing blog (Dec. 6, 2018)

© Copyright 2018 INFORMATION INC., Bethesda, MD (301) 215-4688

                                   

Information provided by Florida Realtors.  Click here to see the original article.

Reprinted with permission Florida Realtors. All rights reserved. 

How may we help?

Do you have questions?  Would you like more information?

Reach out to Mike
We use cookies to enhance your browsing experience and deliver our services. By continuing to visit this site, you agree to our use of cookies. More info