Vacation Homes: Costs, Percentages & More

1 in 18 - The number of homes that are vacation homes

1 in 2 - The number of vacation homes located less than 100 miles from the owners primary residence

52 - Median age of vacation home buyers

$204,000 - Median price of a vacation home last year, up 7% from 2004

$2.8 Million - Average price for an oceanfront property in popular coastal communities

17% - Percentage increase in vacation-home sales in 2005

77% - Percentage of buyers who have no interest in renting out their vacation homes

50% to 100% - Premium that houses located on the waterfront command, depending on the location

28% - Percentage of vacation home buyers who say they will use their purchase to diversify their investments.

Stats taken around the month of July 2006.
Sources: National Association of Realtors, U.S. Census Bureau, EscapeHomes.com, Kiplinger’s Magazine July 2006.