Demographic Profiles for 2010 Homebuyers of Second Homes & Investment Properties

The National Association of Realtors conducted a survey last year to collect demographic profiles of Investment & Vacation home buyers. While Summit County medians are higher, the statistics do provide some insight into what the national picture looks like for this market segment.

Vacation Home Buyers

  • Median age: 46
  • Median income: $87,500
  • Median distance from primary residence: 348 miles
  • Median sale price in 2009: $276,000
  • Vacation homebuyers were most likely to purchase property in a rural area, small town or resort. ¬†They plan to keep the property for an average of 16 years.

Investment Property Buyers

  • Median age: 45
  • Median income $87,200
  • Median distance from primary residence: 24 miles
  • Median sale price in 2009: $105,000
  • Investment buyers were most likely to purchase proeprty in metropolitan areas. They plan to hold it for 12 years.
Source:  2010 National Association of Realtors Investment and Vacation Home Buyer Survey.
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