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

Researchers said Kentucky’s 1.7% vacation-home share trails the U.S. average as higher mortgage rates and home prices have cooled second-home demand.

  • Recent analysis from SellMyTimeshareNow reveals vacation home ownership has declined annually since its 2018 peak, with the total falling to 4.74 million in 2024 as the United States housing stock share dropped to 3.3%.
  • High mortgage rates and elevated home prices have substantially increased ownership costs while return-to-office trends reduced geographic flexibility, causing mortgage-financed second-home purchases to fall nearly 66% from their 2021 pandemic peak through 2025.
  • Nantucket, Massachusetts leads small metros with 55.0% of housing stock dedicated to vacation use, while Maine and Vermont hold the highest state-level shares at 15.3% and 14.7%, and Montana accounts for 6.8%.
  • Timeshares reached 79.9% occupancy in 2025, nearly 18 percentage points higher than the 62.3% hotel rate, concentrating vacation demand in resort zones without depleting conventional housing stock for year-round residents.
  • Amid a national housing shortage estimated at 4.03 million units, these trends intensify debates over allocation as communities scrutinize whether limited inventory serves year-round residents or temporary vacation visitors.
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Bias Distribution

  • 55% of the sources are Center
55% Center

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