Top US vacation home markets for 2024

America’s Hottest rankings saw some shake-ups real estate markets this year for higher-end holiday homes than last year, and this year the number one spot has seen a meteoric rise in popularity.

A: fresh analysis of the second home co-ownership market, Pacasso revealed which U.S. regions were the hottest luxury vacation home markets in 2024, based on growth in second home activity, the ratio of second homes to primary homes and demand for properties above $700,000.

Here are the most sought-after locations for second homes in 2024, according to the findings.

1) Cape May County, New Jersey

A general view of Ocean City, New Jersey. (iStock / iStock)

The report found that Cape May County outside of the Jersey Shore, outside the top 20 last year, took the title of No. 1 spot for a second home in 2024, and it wasn’t even close.

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Cape May tops this year’s list with a staggering ratio of second homes to primary residences of more than 150%, thanks to its iconic beach towns like Ocean City and Avalon, according to the analysis.

Pacasso attributed the area’s rise to a mix of family-friendly activities, nightlife, cultural experiences and wide beaches, as well as proximity to urban centers such as New York City and Philadelphia.

2) Gulf County, Florida

Port St. Joe is a small town in the Florida Panhandle. (iStock / iStock)

3) Walton County, Florida

“In Florida, Gulf, Walton and Collier counties, home to the Panhandle cities along 30A and Naples, are emerging as top luxury home destinations, offering unique oceanfront homes that are scarce in hot spots like Miami and Palm Beach.” , said Austin Ellison, CEO of Pacaso FOX Business:.

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While Florida’s East Coast areas such as Palm Beach (13th on the list) are known for their vibrant nightlife and cultural attractions, buyers continue to gravitate toward the exclusivity of oceanfront living that the state’s West Coast offers families, Pacasso said.

4) Barnstable County, Massachusetts

A couple walks along the shore at Coast Guard Beach in Eastham, MA on July 21, 2020. (Craig F. Walker/The Boston Globe via Getty Images/Getty Images)

Pacasso said Barnstable County, MassachusettsThe growth of vacation home purchases in 2024 where iconic Cape Cod is located.

“This heritage destination has been a popular vacation home market for decades,” he said, “known for its charming beach communities and historic ties to the Kennedy family, who vacationed there and owned the famous Kennedy compound.”

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5) Collier County, Florida

Naples City Beach faces north with luxury hotels and condominiums in the background. (Paul Harris/Getty Images/Getty Images)

During the COVID-19 pandemic, many people flocked to Florida counties known for their vacation homes, thanks to the state’s favorable tax environment and the desire for more residential space Naples and Marco Island are the most prominent cities within the region, where the average second home costs more than 896,000. dollar