Tier 2 Real Estate

Ryan Hromiak |

 

Below are 10 different locations I picked from across the United States that I believe are among the best places to buy a second home in 2024. While avoiding massive cities, I based my choices in order upon leisure, architecture, general beauty, and affordability for middle to upper class individuals. The two qualities listed for each town include the state property tax rate and the average cost per square foot for a property in each city.
Additionally, I included a project I worked on through Zillow where I analyzed the average costs for a 2200 square foot property for sale in each city.
 
1                           Bay Harbor, MI

                 Prop Tax Rate                                                  Cost per sq foot

                               

                1.48% of home                                                          $667

2                            Charlotte, NC

                 Prop Tax Rate                                                 Cost per sq foot

 

                 0.80% of home                                                        $244

3                           Nashville, TN

                 Prop Tax Rate                                                Cost per sq foot

 

                 0.66% of home                                                         $310

4                           Charleston, SC

                Prop Tax Rate                                                 Cost per sq foot

 

               0.56% of home                                                          $373

5                            Portland. ME

                 Prop Tax Rate                                                Cost per sq foot

 

                 1.28% of home                                                        $554



 

6                          St. Augustine, FL

                  Prop Tax Rate                                              Cost per sq foot

 

                 0.86% of home                                                        $258

7                            Cape May, NJ

                  Prop Tax Rate                                              Cost per sq foot

 

                  2.47% of home                                                       $768

8                             Boulder, CO

                   Prop Tax Rate                                             Cost per sq foot

 

                  0.51% of home                                                       $591

9                             Newport, RI

                  Prop Tax Rate                                            Cost per sq foot

 

                 1.51% of home                                                        $551

10                            Key West, FL

                 Prop Tax Rate                                              Cost per sq foot

 

                 0.86% of home                                                        $1.1k

 

10 Second Home Locations

 

Location

Low $

High $

Avg Cost

 

Bay Harbor, MI

225k

535k

410k

 

Charlotte, NC

310k

1.55 mil

440k

 

Nashville, TN

365k

3.50 mil

650k

 

Charleston, SC

300k

2.70 mil

650k

 

Portland, ME

475k

1.10 mil

726k

 

St. Augustine, FL

335k

2.70 mil

Land- 600k water-900k

 

Cape May, NJ

700k

3.30 mil

1.0 mil

 

Boulder, CO

725k

2.40 mil

1.2 mil

 

Newport, RI

725k

2.20 mil

1.35 mil

 

Key West, FL

995k

5.35 mil

3.5 mil