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:
Maricopa County, Ariz.: 113,513 second homes
Palm Beach County, Fla.: 99,536
Broward County, Fla.: 97,224
Lee County, Fla.: 95,671
Miami-Dade County, Fla.: 87,225
Riverside County, Calif.: 76,331
Pinellas County, Fla.: 65,281
Barnstable County, Mass.: 63,225
Collier County, Fla.: 61,050
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)
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