The top vacation spots for home searches range from expensive Nantucket to affordable Gatlinburg in the Great Smoky Mountains of Tennessee. People look for vacation homes nearby, rather than across the country.
Every year, Memorial Day weekend kicks off the summer vacation season. As people across the country start planning their summertime escapes, we analyzed search traffic on Trulia to discover the most popular areas for vacation homes. (See note at end about methodology.) We found that median prices in the most popular vacation spots in America span a huge range, from just under $180,000 in Gatlinburg, TN, to ten times that much in Nantucket. We also found that people tend to look at vacation areas close to home rather than across the country.
America’s Top Vacation-Home Spots
The two most-searched vacation ZIP codes in America are both in Cape May, NJ: Ocean City and North Wildwood. The top vacation areas also include Kissimmee, Marco Island, and Panama City Beach, all in Florida. In California, the most popular locations for a vacation home are Big Bear Lake and Lake Arrowhead near Los Angeles, and in the north, Truckee and South Lake Tahoe.
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America’s Top 20 Vacation-Home ZIP Codes |
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| # | ZIP code | Neighborhood | County | Median price |
| 1 | Ocean City | Cape May, NJ |
$525,000 |
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| 2 | North Wildwood | Cape May, NJ |
$289,000 |
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| 3 | Kissimmee | Osceola, FL |
$298,800 |
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| 4 | Ocean City | Worcester, MD |
$275,000 |
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| 5 | Marco Island | Collier, FL |
$499,000 |
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| 6 | Big Bear Lake | San Bernardino, CA |
$335,000 |
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| 7 | Lake Arrowhead | San Bernardino, CA |
$399,000 |
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| 8 | Panama City Beach | Bay, FL |
$294,245 |
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| 9 | Gatlinburg | Sevier, TN |
$179,600 |
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| 10 | Cherry Grove Beach | Horry, SC |
$219,900 |
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| 11 | Santa Rosa Beach | Walton, FL |
$525,000 |
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| 12 | Harvey Cedars | Ocean, NJ |
$887,500 |
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| 13 | Fort Morgan | Baldwin, AL |
$255,000 |
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| 14 | South Lake Tahoe | El Dorado, CA |
$365,000 |
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| 15 | Truckee | Nevada, CA |
$499,000 |
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| 16 | East Hampton | Suffolk, NY |
$1,250,000 |
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| 17 | Palm Springs | Riverside, CA |
$309,000 |
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| 18 | South Padre Island | Cameron, TX |
$289,000 |
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| 19 | Destin | Okaloosa, FL |
$475,000 |
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| 20 | Nantucket | Nantucket, MA |
$1,799,999 |
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Among the top 20 vacation ZIP codes, the most expensive are Nantucket and East Hampton, where the median asking price is well over a million. The least expensive are in the South: Gatlinburg, TN, at the Great Smoky Mountains National Park, and Cherry Grove Beach, near Myrtle Beach, SC.
0 commentsNew homes dominate the market across the Sunbelt and typically cost more – and have more space -- than older homes. But in most markets, you can also find older homes with historical features and distinct architectural styles. In a few metros, like Charleston, SC, and Washington D.C., the oldest homes cost the most.
Would you rather have a newly-built home or a piece of local history? Across America today, you can find homes for sale that were built as long ago as the 19th century or as recently as yesterday. There’s no mistaking a 1920s Dutch colonial, a 1970s A-frame, or a 2000s home tricked out with the latest spa features. To guide you through the decades, we looked at listings on Trulia from the past two years and found descriptive phrases that are most characteristic of homes built in each decade. But just because you want a 19th century Victorian or a 1950s brick rambler doesn’t mean you can find one: each region of the country had its own construction heyday, and the age of homes for sale today in a local market reflect when in history that location had population growth and new home construction. So buckle up … it’s time to take a trip back in the time machine.
The Way Homes Used to Be: Homes Before 1940
San Francisco Victorians, New York pre-war buildings: old homes are part of local history in much of the country. But across the Sunbelt, population growth has been more recent, so truly old homes are rare. This interactive map shows the percent of on-market homes (as of the last week in March 2013) built in each decade in the largest major metros.
The oldest homes for sale – those built before 1900 – are concentrated in New England and upstate New York. More than 5% of homes currently listed in the Massachusetts metros of Peabody, Boston, Middlesex County, Springfield, and Worcester were built before 1900, along with the upstate New York metros of Syracuse, Albany, and Rochester. Allentown, PA, and Providence, RI, round out the 10 metros with the largest share of old homes for sale.
| # | Metro | Share of on-market homes built before 1900 | Share of on-market homes built before 1940 |
| 1 | Peabody, MA |
11.2% |
32.3% |
| 2 | Boston, MA |
9.5% |
29.6% |
| 3 | Syracuse, NY |
8.7% |
26.0% |
| 4 | Springfield, MA |
7.3% |
25.7% |
| 5 | Middlesex County, MA |
6.9% |
26.4% |
| 6 | Allentown, PA-NJ |
6.8% |
27.8% |
| 7 | Worcester, MA |
6.7% |
20.9% |
| 8 | Albany, NY |
6.6% |
20.7% |
| 9 | Providence, RI-MA |
6.6% |
22.8% |
| 10 | Rochester, NY |
6.5% |
27.5% |
You’ll find a large share of homes built in the 1900s in San Francisco (6.4%) – especially just after the 1906 earthquake – while homes from the 1920s are easiest to find in New York (12.3% of on-market homes there were built in the 1920s), Los Angeles (9.7%), and several Ohio markets including Toledo, Akron, Dayton, and Cleveland. At the other extreme, there are essentially no homes from the 19th century across much of the South and the West. In fact, fewer than 1% of on-market homes were built before 1940 in Las Vegas, Fort Lauderdale, Phoenix, and other Sunbelt metros.
What’s special about old homes? Listings for homes built before 1900 are far more likely to mention exposed brick, pocket doors (which open by sliding into a “pocket” in the nearby wall rather than swinging open), carriage houses, and grand staircases than homes built in more recent decades. Homes from the 1900s mention tin ceilings, fir floors, and chimneys, while homes from the 1910s often call out kitchen and bathroom features like built-in buffets, claw-foot tubs, and china cabinets. In the 1920s, wood features were popular: properties from that decade call out gumwood trim and herringbone floors. Also in the 1920s, European styles were in vogue: listings mention original French doors, French windows, and Spanish styles. Homes from the 1930s are more likely to mention slate roof and glass door knobs, and curves were in fashion too, with coved ceilings and arched doorways. These popular listing words reveal the evolution of American architecture and building materials – you can see the five phrases that capture the character of each decade in our interactive map based on Trulia’s analysis of for-sale listings.
0 commentsLow mortgage rates have kept homeownership less expensive than renting in all 100 large metros
Even though asking home prices rose 7.0% in the last year, outpacing rent increases of 3.2%, the gap between buying and renting has narrowed only slightly. One year ago, buying was 46% cheaper than renting. Today’s it’s 44% cheaper to buy versus rent. In fact, homeownership is cheaper than renting in all of America’s 100 largest metros. That’s because falling mortgage rates have kept buying almost as affordable, relative to renting, as it was last year. According to Freddie Mac, between February 2012 and February 2013 the 30-year fixed rate dropped from 3.9% to 3.5%, though rates have been rising in March.
To determine whether renting or buying a home costs less, we do the following:
To compare the costs of owning and renting, we assume people will get a 3.5% mortgage rate, reside in the 25% tax bracket and itemize their federal tax deductions, and will stay in their home for seven years. We also assume buyers get a 30-year fixed-rate mortgage and put 20% down. Under all of these assumptions, buying is 44% cheaper than renting nationwide, taking into account all of the costs and proceeds from buying or renting over the entire seven-year period. We also look at alternative scenarios by changing the mortgage rate, the income tax bracket for tax deductions, and the number of years one stays in the home. Our interactive map shows how the math changes under alternative assumptions. And if you’re interested, check out our detailed methodology which explains our entire approach, step by step.
Savings from Buying Versus Renting Smallest in California and New York, Biggest in the Midwest
Buying a home is cheaper than renting in all of the 100 largest metro areas, but buying ranges from 19% cheaper than renting in San Francisco to 70% cheaper than renting in Detroit. The financial benefit of buying instead of renting is narrowest in San Francisco, Honolulu, San Jose, and New York.
Over the past year, the gap between renting and buying has narrowed most in the Bay Area. One year ago, buying was 35% cheaper than renting in San Francisco and 38% cheaper than renting in San Jose; now, the difference is 19% and 24%, respectively. These metros have seen strong price increases year-over-year. In contrast, the gap didn’t narrow at all in New York, where buying remains 26% cheaper than renting, both now and a year ago. On Long Island, the difference actually widened from 34% one year ago to 36% today. New York, Long Island, and other Northeastern metros have seen more modest price rebounds over the past year, despite rising rents:
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Where Buying a Home is a Tougher Call |
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| # | U.S. Metro |
Cost of Buying vs. Renting (%), 2013 |
Cost of Buying vs. Renting (%), 2012 |
| 1 | San Francisco, CA |
-19% |
-35% |
| 2 | Honolulu, HI |
-23% |
-26% |
| 3 | San Jose, CA |
-24% |
-38% |
| 4 | New York, NY-NJ |
-26% |
-26% |
| 5 | Albany, NY |
-30% |
-34% |
| 6 | Orange County, CA |
-32% |
-41% |
| 7 | San Diego, CA |
-33% |
-42% |
| 8 | Los Angeles, CA |
-35% |
-37% |
| 9 | Long Island, NY |
-36% |
-34% |
| 10 | Ventura County, CA |
-36% |
-43% |
Note: Negative numbers indicate that buying costs less than renting. For example, buying a home in San Francisco is 19% cheaper than renting in 2013. Trulia’s rent vs. buy calculation assumes a 3.5% 30-year fixed-rate mortgage, 20% down, itemizing tax deductions at the 25% bracket, and 7 years in the home.
0 commentsThe suburbs around Boston and other Northeastern metros are the capitals of Irish America. Those are also the areas where home-searchers from Ireland are looking today
On St. Patrick’s Day, everyone is Irish. But what about the rest of the year? Twenty-two million Americans — 7.2% of the population – say their “primary ancestry” is Irish, according to the Census’s American Community Survey. Another 13.5 million Americans claim at least some Irish ancestry, bringing the total to 35.5 million Americans — 11.6% of the population — with at least partial Irish ancestry. If that sounds low, remember that Ireland’s population today is just 6.4 million – 4.6 million in the Republic of Ireland and 1.8 million in Northern Ireland. So there are more than 5 times as many Americans with at least partial Irish ancestry as there are people who live in Ireland.
Irish-Americans are strongly concentrated in the Northeast. The percentage of people with primary Irish ancestry tops out at 20% in the Boston metro area, followed by Middlesex County, MA (west of Boston) and Peabody, MA (north of Boston). The top six metros are all in Massachusetts or upstate New York:
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America’s Most Irish Metros |
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| # | U.S. Metro | % Irish ancestry |
| 1 | Boston, MA |
20.4% |
| 2 | Middlesex County, MA |
16.9% |
| 3 | Peabody, MA |
15.8% |
| 4 | Albany, NY |
15.6% |
| 5 | Syracuse, NY |
15.0% |
| 6 | Worcester, MA |
14.8% |
| 7 | Camden, NJ |
14.8% |
| 8 | Philadelphia, PA |
14.2% |
| 9 | Long Island, NY |
13.1% |
| 10 | Wilmington, DE-MD-NJ |
13.0% |
| Among 100 largest metros. Primary Irish ancestry only. | ||
Irish-Americans are at least 5% of the population in most counties across the U.S., and 10% or more in most of New England, New York state, New Jersey, eastern Pennsylvania, and other smaller counties across the country. At the other extreme, Miami is just 1% Irish:

America’s Top Irish Neighborhoods
Even though Irish-Americans make up just 5% of the New York metro population overall– less than the national average and only one-quarter the share in Boston – the neighborhood with the highest percentage of Irish-Americans is Breezy Point /Rockaway Point in Queens (ZIP code 11697). Most recently, this neighborhood is known for having had significant Hurricane Sandy damage:
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America’s Top Irish Neighborhoods |
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# |
ZIP code |
Neighborhood |
Area |
% Irish ancestry |
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1 |
Breezy Point / |
Queens, |
54.3% |
|
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2 |
Long Island South Shore suburb |
45.6% |
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3 |
New York northern suburb |
43.4% |
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4 |
Chicago Southwest Side neighborhood |
40.7% |
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5 |
Boston southern suburb |
40.0% |
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6 |
Philadelphia western suburb |
39.2% |
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7 |
Boston South Shore suburb |
38.6% |
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8 |
Boston South Shore suburb |
38.1% |
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9 |
Boston South Shore suburb |
37.5% |
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10 |
Boston South Shore suburb |
37.4% |
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| Primary Irish ancestry only. | ||||
Consumers look for homes most in March and April. However, peak-search season happens now in Hawaii and Florida, but is six months away in Montana and Oregon.
As winter’s end approaches, the housing market wakes up. All key measures of housing activity–searches, prices, starts, sales, and inventories–typically hit their annual lows in December or January. But at the start of each year, would-be buyers come out of hibernation first: search behavior starts to pick up in January, reaching its peak in March and remaining strong through August. Sales and inventories then peak later in the year. But local housing markets have their own rhythms. To see when each state’s housing market heats up, we looked at six years of search history on Trulia – January 2007 to December 2012 – for properties in every state. (This is based on the state where the property is located, which is not necessarily where the person searching is located.) Of course, Trulia’s site traffic has grown dramatically over these years, so we used a seasonal adjustment model to strip out the upward trend and uncover the regular seasonal rhythms of search behavior across the country.
Nationally, the peak months of search activity are March and April. After a slight dip in May, there’s a second peak in the summer months of June and July. As the year ends, search activity drops off. December is the slowest month, followed by November. At the state level, though, the peak month for search activity ranges from as early as January to as late as August. This month, January, is Hawaii’s peak month for search activity. Next month, February, is the top month for search traffic in Florida. In these warm states, winter weather is good for home searches and going to open houses. Across much of the country, though, home search activity peaks in the springtime, including in the Midwest, the Plains, and much of the West and Northeast. The summertime – June through August – is the peak for most of the South and a few states in the Northwest and northern New England. No state enjoys peak season in September, October, November, or December.
Even though the earliest two states to peak each year–Florida and Hawaii–are warm, southerly states, and the last two states — Montana and Oregon – are northernly, home searches generally peak later in the South than in the Northeast, Midwest, and Plains. Why do Minnesotans search most in March and April, rather than in the warmer summer? And why do Mississippians look most in June and July, rather than in the milder spring? To avoid the rain: in most of the Northeast, Midwest, and Plains, it rains less in the spring than in the height of summer, but in many Southern states, it rains less in the summer than in the spring. The punchline: warm weather is good for search traffic, but dry weather helps, too.

Let’s take a closer look at what’s happening right now. The interactive map shows, for each state, whether search activity is above or below the annual average for that state. (That means every state is above its own annual average in some months and below in other months.) In January, search activity in most states is already out of the winter slump and is above the annual average. In Florida and Hawaii, January search traffic is more than 10% above each state’s annual average. January search traffic is below the annual average only in four New England states – Maine, Massachusetts, New Hampshire, and Rhode Island – plus North Dakota and the District of Columbia.
Click on the February button at the top of the interactive map, and you’ll see that Florida, Arizona, and Wisconsin are more than 10% above their annual average. In every month from March through July, all (or all but one) states are above their annual average in search traffic. By October, every state is at least a little below its annual average of search activity, and in December every state is 10% or more below its annual average.
It’s clear that housing swings with the seasons in every state. But where are the swings biggest? Maine, Wisconsin, Iowa, Kansas, and Ohio have the largest changes in search traffic throughout the year. In contrast, search traffic fluctuates least over the year in Alaska, the District of Columbia, Vermont, Hawaii, and Idaho. So whether you’re looking to buy or sell, get in sync with the rhythms of your local housing market. Home sellers looking for the most buyers should list when search traffic peaks. Home buyers, however, should think about searching off-season – they might find less competition.
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