Study: Second households account for 5.4M U.S. housing units. Miami ranks in the best 5 most well known significant metropolitan areas for next properties Miami Beach front is No. 1 for smaller cities.
MIAMI – A recent AdvisorSmith study located that Miami ranks between the most common significant U.S. towns for a trip house or second residence. The analyze observed that whilst there are 137.4 million housing models in the United States, 2nd households account for 5.4 million of those people properties nationwide.
Second properties in the United States involve beach residences and snowbird destinations in Sunbelt states, winter ski homes, lake houses, and timeshare condos.
Between huge metropolitan areas, New York Town was by considerably the most well known spot for second houses. The second most common was Mesa, Arizona. Los Angeles, Miami, and Chicago rounded out the best 5.
Miami Beach was the most well-liked tiny city for next residences. Amongst compact cities, Florida was the most common point out for second households, followed by California and Arizona.
Texas and Nevada were other preferred states for second households, with numerous of these Sunbelt second properties driven by snowbirds.
Resource: South Florida Company Journal (09/08/21) Chen, I-Chun
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