Whether it’s a cozy cabin in the mountains, a beachfront condo or a lakeside retreat, owning a second property gives families the freedom to escape the hustle and bustle of everyday life and create lasting memories in a space that’s all their own.
Approximately 6.5 million homes in the U.S. serve as second homes, accounting for 4.6% of the total housing stock, according to the National Association of Home Builders (NAHB). They’re often used for vacations, weekend getaways or future retirement, and some owners rent them out to generate passive income.
