While there are 137.4 million housing units in the United States, second homes account for 5.4 million of those homes nationwide. Especially coming off a year like 2020, second/vacation homes have become more popular that ever, and AdvisorSmith set out to find what markets are the most popular destinations.
In their analysis, AdvisorSmith found the most popular cities for second homes in the United States, ranked by the number of second homes in each city based upon the population of each city. Large cities were those with over 350,000 residents, while midsize cities had 100,000-350,000 residents, and small cities had 10,000-100,000 residents.
New York, NY was the clear frontrunner with some 74,078 second homes in the state. The Big Apple was followed by retirement-heavy Mesa, Arizona and Los Angeles, which reportedly has 13,850 second homes. Miami and Chicago rounded out the top five in the large cities category.
On the midsize front, Scottsdale came in at no. 1 with 14,575 second homes—10.5 percent of the total homes in the city. Miami Beach was the most popular destination for the small cities, with 17,389 second homes, accounting for 25 percent of the city’s total housing inventory.
For more on the survey results, click here.