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

Researchers said Kentucky has 34,484 vacation homes, far below the U.S. average share and amid a national housing shortage.

  • Vacation home ownership has declined annually since peaking in 2018, according to SellMyTimeshareNow analysis of Census Bureau data. The total fell to 4.74 million units in 2024, with the national share dropping from roughly 4.0% to 3.3%.
  • Higher mortgage rates and elevated home prices have discouraged second home purchases, while the return to in-person work reduced geographic flexibility. Federal mortgage data shows second home purchases fell nearly 66% from their 2021 peak through 2025.
  • Vacation housing is most concentrated in northern New England, where Maine leads at 15.3% of its housing stock, followed by Vermont at 14.7% and New Hampshire at 10.1%. Montana maintains 6.8%, reflecting coastal and mountain economies.
  • Timeshares reached 79.9% occupancy in 2025, compared to 62.3% for hotels—a gap of nearly 18 percentage points. This efficiency suggests shared ownership models make more intensive use of vacation-oriented real estate than single-owner homes.
  • The United States faces an estimated 4.03 million unit housing shortage, intensifying debates over how existing stock is used. Policymakers have increasingly scrutinized vacation homes and short-term rentals as potential constraints on year-round housing availability.
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Bias Distribution

  • 61% of the sources are Center
61% Center

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