Study: Second homes account for 5.4M U.S. housing models. Miami ranks in the top rated 5 most popular major cities for second properties Miami Beach is No. 1 for smaller towns.
MIAMI – A the latest AdvisorSmith study identified that Miami ranks among the the most well known substantial U.S. cities for a family vacation property or 2nd home. The examine uncovered that even though there are 137.4 million housing units in the United States, second homes account for 5.4 million of all those houses nationwide.
2nd houses in the United States incorporate beach front residences and snowbird places in Sunbelt states, winter ski homes, lake properties, and timeshare condos.
Between huge cities, New York City was by far the most well-known location for second houses. The next most well known was Mesa, Arizona. Los Angeles, Miami, and Chicago rounded out the best 5.
Miami Beach was the most popular compact metropolis for 2nd households. Amongst small metropolitan areas, Florida was the most popular point out for next houses, adopted by California and Arizona.
Texas and Nevada ended up other popular states for 2nd homes, with several of these Sunbelt 2nd homes driven by snowbirds.
Supply: South Florida Enterprise Journal (09/08/21) Chen, I-Chun
© Copyright 2021 Facts, INC. Bethesda, MD (301) 215-4688