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April 2, 2025

Secondary Homes Study

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26% of Secondary Homeowners Are Concerned About Finances—vs. 40% of Primary Owners
73% of Short-Term Rental Owners Planned to Increase Home Improvement Spending in 2025
Secondary Homeowners are 2x More Optimistic for Starting Projects and Hiring Pros
Secondary Homeowners Are 2x More Likely to Hire a Pro
2x More Likely to Use Equity or Unsecured Financing as a Secondary Homeowner

The Sec­ondary Homes report explores the moti­va­tions, behav­iors, and deci­sion-mak­ing process­es of home­own­ers who own sec­ondary prop­er­ties, whether used as vaca­tion homes, long-term rentals, or short-term rentals. By ana­lyz­ing recent home improve­ment activ­i­ties and pur­chas­ing trends, the study pro­vides valu­able insights into how these home­own­ers approach ren­o­va­tions, upgrades, and future projects. Under­stand­ing their atti­tudes and buy­ing habits offers a clear­er pic­ture of the evolv­ing home improve­ment landscape.

Objectives

Gain insight into home­own­ers’ atti­tudes and moti­va­tions dri­ving home improve­ment initiatives.
Inves­ti­gate recent home improve­ment activ­i­ties con­duct­ed with­in the last 90 days. (Report cov­ers Q1-Q4, 2024)
Ana­lyze evolv­ing chan­nel behav­iors over time in home improve­ment purchases.
Delve into prod­uct research pat­terns and influ­en­tial fac­tors shap­ing project and prod­uct pur­chas­ing decisions.
Antic­i­pate future home improve­ment activ­i­ty by under­stand­ing home­own­ers’ project intentions.
HIRI Secondary Homes Report 2024

Research Files

Cross Tabulations

HIRI Secondary Home Data Banner 1 Summary by Qtr 2024
HIRI Secondary Home Data Banner 2 Summary Total Yr 2024
HIRI Secondary Home Data Banner 3 Demographics 2024

Data File(s)

HIRI Secondary Homes SPSS File 2024
HIRI Secondary Home Detailed Data File 2024

Related Research

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