Three N.E. states are tops in the US for the highest percentage of vacation homes
The Midwest has lots of room to improve. Read more on realestate.boston.com.
NEW YORK (Bloomberg) — When it comes to vacation homes, fresh lobster and the opportunity to play in fresh powder is apparently more appealing than year-round sunshine.
Maine has the highest percentage of vacation homes in the United States, followed by Vermont and New Hampshire.
The investment property exchange firm IPX1031 conducted the research, which analyzed US Census data from 29,000 places. The Census Bureau defines vacation homes as housing units that are “vacant for seasonal, recreational, or occasional use.’’
There are 5.7 million such homes in the United States.
There aren’t many in the Midwest, however. Illinois (1 percent), Ohio (1.1 percent), Kansas (1.4 percent), Iowa (1.6 percent), and Indiana (1.7 percent) round out the bottom five vacation home states, excluding Washington D.C.
Seven cities statistically have no housing stock other than vacation homes. California has three such cities (Little Grass Valley, Strawberry, and Wilsonia), and Wyoming has two (Atlantic City and Bondurant).
McCarthy, Ala., and Yellow Pine, Idaho, round out the list.
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