Only 1.3% of Indiana Homes Are Vacation Homes, 4th Lowest Percentage in the U.S.

The U.S. faces a housing shortage of 4.03 million units, driving affordability challenges. Vacation homeownership peaked in 2018 at 5.47 million but declined to 4.74 million in 2024, dropping from 4.0% to 3.3% of housing stock. Timeshares have higher occupancy (79.9%) than hotels (62.3%), efficiently concentrating vacation demand. Florida has the most vacation homes, while Maine and Vermont have the highest concentration. Vacation homes dominate in resort areas, sometimes exceeding 50% of local housing.