Upper Township in New Jersey has the highest share of vacation homes in the country according to a recent Zillow [1] report that listed the 12 metros with the most vacation homes. The report [2] found that almost a third of all homes in Upper Township are for seasonal, recreational, or occasional use.
With a median home value of $328,000, the report indicated that Upper Township in New Jersey had 50,490 vacation homes earning it the top spot on the list. Coming in a close second was East Falmouth in the Cape Cod area of Massachusetts. With a median home value of $403,000 and 63,890 vacation homes that made up around 27.5 percent of all homes in the area, East Falmouth’s home values have risen 7.3 percent on an annual basis according to Zillow’s home value data.
Continuing the domination of the Northern and Northeastern regions on this list, Brainerd, Minnesota, with 26,600 vacation homes that made up 27.4 percent of all homes in the city came in at third spot. The median home values for holiday abodes in this city were pegged at $175,100. At fourth spot, Morehead City in North Carolina had 23.7 percent vacation homes and a median home value of $242,500. Salisbury, Maryland rounded off the top five with 23.1 percent of total homes being used for recreation or occasionally and a median home value of $232,000
Three Florida cities—Naples, Key West, and Fort Myers—also made it to the list at ranks eight, nine, and ten respectively. While the median values ranged between $225,400 in Fort Myers and $527,000 in Key West, the share of homes used for recreation ranged between 20.1 percent and 19.2 percent in these coastal cities.
Show Low, Arizona; Marinette, Wisconsin; Branson, Montana; and Myrtle Beach, South Carolina were also among the Top 12 cities with more vacation homes than not according to Zillow.