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10 Worst States To Buy Vacation Homes Right Now

March 3, 2024

2 min Read

Written by Sean Fisher, AI Editor

Edited by Sean Fisher

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The allure of owning a vacation home is undeniable, but recent trends show that certain states are seeing a decline in such investments. Several factors contribute to this phenomenon, and a closer look at the data reveals why these 10 states are falling out of favor for vacation home buyers:

West Virginia

Median Home Price: $123,200
Mortgage Rates: 6.56%

The combination of low median home prices and household income, coupled with relatively high mortgage rates, makes West Virginia less attractive for vacation home investments.

Mississippi

Median Home Price: $125,500
Mortgage Rates: 6.61%

Mississippi’s low household income and high mortgage rates deter potential buyers, despite its affordable home prices.

Arkansas

Median Home Price: $133,600
Mortgage Rates: 6.70%

Arkansas’s low median home prices are offset by its low household income and mid-range mortgage rates, making it less appealing for vacation properties.

Oklahoma

Median Home Price: $142,400
Mortgage Rates: 6.85%

High mortgage rates and low household income contribute to Oklahoma’s lack of appeal for vacation home buyers.

Kentucky

Median Home Price: $147,100
Mortgage Rates: 6.79%

Similar to other states on this list, Kentucky’s combination of low household income and high mortgage rates makes it less attractive for vacation home investments.

Indiana

Median Home Price: $148,900
Mortgage Rates: 6.84%

Indiana’s relatively high mortgage rates and low median home prices deter buyers looking for vacation properties.

Alabama

Median Home Price: $149,600
Mortgage Rates: 6.75%

Despite its affordable home prices, Alabama’s low household income and mid-range mortgage rates make it less appealing for vacation home investments.

Ohio

Median Home Price: $151,400
Mortgage Rates: 6.74%

Ohio’s combination of low median home prices and household income, along with relatively high mortgage rates, makes it less attractive for vacation home buyers.

Iowa

Median Home Price: $153,900
Mortgage Rates: 6.52%

Despite its lower mortgage rates, Iowa’s low median home prices and moderate household income deter vacation home investments.

Kansas

Median Home Price: $157,600
Mortgage Rates: 6.69%

Kansas’s mid-range mortgage rates and low median home prices make it less appealing for those looking to invest in vacation properties

Editor's note: This article was produced via automated technology and then fine-tuned and verified for accuracy by a member of GOBankingRates' editorial team.

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