US: ShortTermRentalz spoke to Digital Third Coast’s Tricia Harte to speak about the IPX1031 blog which details the results of its study into where vacation home market has grown the most in the United States.
“Where has the vacation home market grown the most? We were curious to find out, so we analysed the total number of vacation homes in every state and calculated the overall growth since 2009.
“Surprisingly, it is not Florida or California, but Montana that tops the list at number one with 63 per cent growth followed by Mississippi (58 per cent), Idaho (56 per cent), Nevada (51 per cent) and Alaska (48 per cent). Perhaps vacationers are attracted to Montana’s picturesque Glacier National Park, Mississippi’s Gulf Coast, Idaho’s Shoshone Falls Park or Alaska’s Denali National Park.
“New Mexico (43 per cent), Oregon (43 per cent), Missouri (43 per cent), Arkansas (42 per cent) and Kansas (41 per cent) round out the top ten states with the most vacation home growth.
“Nationwide, the number of vacation homes has increased by 29 per cent since 2009. It will be interesting to see if that growth continues in the coming years and how this ranking holds up. Will states at the bottom of the heap like Wyoming (five per cent), Ohio (11 per cent) and Oklahoma (11 per cent) climb toward the top? One thing is for certain though – vacationing will never go out of style!
“We researched vacation home data across all 50 states and calculated each state’s overall growth from 2009 to 2017, which is the most recent data available from the Census Bureau. The Census Bureau defines vacation homes as housing units that are ‘vacant for seasonal, recreational, or occasional use’. Once we gathered the total number of vacation home units in each state we compared 2009 vs. 2017 to get an overall growth percentage.”
In order to view the full study results calculated by IPX1031, follow the link for more information here.