Best Budget-Friendly Cities to Buy a Summer Vacation Home

July 18, 2017
Kerry Lengyel

If you’re in the market for a vacation home, congratulations! If you’d like to be but think you can’t afford it, you may want to think again. Here are 10 popular cities to explore that won’t break the bank.

We all dream of owning our own vacation home someday, but for many of us the reality is that we just can’t afford it. With a practice to run, bills to pay, a home to manage and a budget to maintain, adding another home into the mix seems impossible.

But there are plenty of cities where the cost of living is budget friendly and affordable homes are accessible — you just have to look in the right places. Daren Blomquist, senior vice president of communications at real estate data provider ATTOM Data Solutions, did just that.

Blomquist calculated the best places to buy a vacation home for 2017 by looking at median sales prices, crime, home appreciation, average summer temperature and the percentage of good air quality days.

Here are 10 cities to explore that won’t break the bank if you’re in the market for a new summer vacation home.

10. Cape Coral, Florida

YTD 2017 median sale price: $205,000

Five-year home appreciation: 82 percent

Average summer temperature: 81 degrees

9. Beverly Hills, Florida

YTD 2017 median sale price: $80,900

Five-year home appreciation: 50 percent

Average summer temperature: 83 degrees

8. Ocean City, Maryland

YTD 2017 median sale price: $230,000

Five-year home appreciation: 0 percent

Average summer temperature: 78 degrees

7. Delray Beach, Florida

YTD 2017 median sale price: $175,000

Five-year home appreciation: 123 percent

Average summer temperature: 86 degrees

6. Deerfield Beach, Florida

YTD 2017 median sale price: $140,000

FIve-year home appreciation: 109 percent

Average summer temperature: 86 degrees

Credit: www.visitweaverville.com

5. Weaverville, North Carolina

YTD 2017 median sale price: $265,000

Five-year home appreciation: 33 percent

Average summer temperature: 77 degrees

4. Asheville, North Carolina

YTD 2017 median sale price: $259,500

Five-year home appreciation: 40 percent

Average summer temperature: 77 degrees

3. Port Charlotte, Florida

YTD 2017 median sale price: $150,500

Five-year home appreciation: 115 percent

Average summer temperature: 81 degrees

2. Waynesville, North Carolina

YTD 2017 median sale price: $195,000

Five-year home appreciation: 30 percent

Average summer temperature: 73 degrees

1. Crossville, Tennessee

YTD 2017 median sale price: $87,500

Five-year home appreciation: 34 percent

Average summer temperature: 76 degrees