π‘ Did You Know?
There are over 4.8 million vacation homes in the United Statesβthatβs roughly 3.5% of the entire housing market! Whether itβs a beachfront escape, a cozy cabin in the woods, or a lakeside retreat, Americans love their second homes.
According to recent data, here are the top four states where vacation homes are most popular:
1οΈβ£ Florida β 800,000 vacation homes
2οΈβ£ California β 360,000 vacation homes
3οΈβ£ New York β 309,000 vacation homes
4οΈβ£ Michigan β 260,000 vacation homes
Not surprisingly, warm weather and natural beauty are big drawsβbut donβt sleep on the Midwest. Michigan, with its stunning Great Lakes shoreline and countless inland lakes, is a hidden gem for vacation property buyers.
Why Do People Invest in Vacation Homes?
Lifestyle: A second home offers a place to relax, recharge, and escape the daily grind.
Rental Income: Many owners rent out their vacation homes when not in use, offsetting expenses or generating income.
Long-Term Investment: Real estate in desirable vacation destinations tends to appreciate over time.
Is a Vacation Home Right for You?
Whether you're dreaming of a cottage in Leelanau County, a beachfront condo, or a mountain lodge, owning a second home can be a lifestyle upgrade and a smart investment.
β‘οΈ Thinking about buying a vacation home in Michigan? Letβs talk. I know the local market and can help you find the right fit.
-Jonathan Oltersdorf, Oltersdorf Realty LLC
