Tuesday
July 26, 2016

Where Americans Buy Second Homes

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Where Americans Buy Second Homes

Second homes are not just centered in beachfront communities. In fact, 913 counties within 49 states had second homes that accounted for at least 10 percent of the local housing stock, according to a new analysis by the National Association of Home Builders.

Read more: Successful Second-Home Summer Sales

Which counties have the largest share of second homes? NAHB pinpointed the number and the location of second homes that qualify for the mortgage interest deduction using the Census Bureau’s 2014 American Community Survey. (NAHB considered a second home to be a non-rental property that is not used as a taxpayer’s primary residence.)

The following are the 10 counties with the largest share of second homes, according to NAHB’s analysis:

  1. Hamilton County, N.Y.: 79.3%
  2. Forest County, Pa.: 74%
  3. Rich County, Utah: 72.7%
  4. Alpine County, Calif.: 72.1%
  5. Daggett County, Utah: 71.8%
  6. Valley County, Idaho: 71.2%
  7. Lake County, Mich.: 68.4%
  8. Mineral County, Colo.: 66.4%
  9. Hinsdale County, Colo.: 65.7%
  10. Dukes County, Mass.: 62.7%

The counties with more than 25,000 second homes are mostly located in or near metro areas, researchers found.

The following is a list of the top 10 counties with the most second homes, by number:

  1. Maricopa County, Ariz.: 118,282
  2. Palm Beach County, Fla.: 98,627
  3. Lee County, Fla.: 93,152
  4. Broward County, Fla.: 92,907
  5. Miami-Dade County, Fla.: 88,940
  6. Riverside County, Calif.: 76,700
  7. Pinellas County, Fla.: 65,867
  8. Barnstable County, Mass.: 62,317
  9. Collier County, Fla.: 61,905
  10. Los Angeles County, Calif.: 59,742

Source: “Where Are the Nation’s Second Homes?” National Association of Home Builders’ Eye on Housing Blog (March 10, 2016)