Who owns second homes?

The Pew Research Center has a nifty chart about what kinds of people own a second property (i.e., have “any real estate holdings, such as a second home or investment property, apart from the place where they now live”).

Some of the results are interesting:

  • 24% of homeowners say they own a second home
  • If that primary residence is worth $500,000 or more, that number jumps to 40%
  • 6% of renters also own property (but don’t live in it)
  • 36% of families earning $100,000 or more report having a second home
  • So do 6% of families earning less than $30,000
  • Urbanites are less likely to own a second home — only 13% do
  • Region doesn’t matter — the percent of second-property owners is similar across the country.

Heck, check out the graph yourself by clicking right here.

About Andrew Kantor

Andrew is VAR's editor and information manager, and -- lessee now -- a former reporter for the Roanoke Times, former technology columnist for USA Today, and a former magazine editor for a bunch of places. He hails from New York with stops in Connecticut, New Jersey, Cincinnati, Columbus, and Roanoke.
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