According to a Redfin study, demand for second homes skyrocketed over the pandemic, growing an astonishing 84% year over year. Moreover, buying a second home is more doable than you might think for homeowners of all income levels who are looking to make a property investment or just have a place to vacation.
Just like the journey for your first home, choosing a city for your second is step number one. With that being said, we compiled the list from RedFin’s study which shows top cities to buy a secondary homes based on factors such as median home price, cost of insurance and property profitability.
The list is as follows in numerical order from best to average:
- Fort Wayne, Indiana
- El Paso, Texas
- St. Louis, Missouri
- Glendale, Arizona
- Laredo, Texas
- Boise, Idaho
- North Las Vegas, Nevada
- Bakersfield, California
- Riverside, California
- Tucson, Arizona
Interestingly enough, Western Mutual offers coverage in 4 of the 6 states mentioned as best cities to purchase your second home. Should you find the right one, make sure to give us a call and get a 30-second quote for the lowest rate possible.
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