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Vacation Homes Make Up 6.8% of Montana Housing, 7th Most in the U.S.

Researchers found Kentucky’s vacation-home share trails the national rate, while the U.S. housing shortage and higher costs have reduced second-home demand.

  • SellMyTimeshareNow analysis shows vacation home ownership declined from a 2018 peak of 5.47 million to 4.74 million in 2024. Vacation homes' share of total U.S. housing stock fell from 4.0% to 3.3%.
  • Elevated mortgage rates and rising home prices have made discretionary second-home purchases less attainable. Federal mortgage data shows purchases of second homes using a mortgage fell nearly 66% from their pandemic-era peak in 2021 to 2025.
  • By concentration, northern New England leads the country, with vacation homes accounting for 15.3% of housing in Maine and 14.7% in Vermont. Florida holds the highest volume with over 802,000 units, though representing a smaller share of its total stock.
  • Data from 2025 shows timeshare occupancy reached 79.9%, substantially higher than the 62.3% hotel rate. This shared model concentrates vacation demand in resort areas, potentially preserving inventory for year-round residents.
  • National housing shortages estimated at 4.03 million units form the backdrop for these trends. As policymakers scrutinize short-term rentals and institutional ownership, vacation home data highlights tensions between maximizing utilization and maintaining supply for year-round residents.
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  • 60% of the sources are Center
60% Center

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KULR-TV broke the news in Billings, United States on Monday, September 14, 2026.
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