A second home doesn’t need to come with a seven-figure price tag.

<p>DenisTangneyJr/Getty Images</p>

DenisTangneyJr/Getty Images

Interest in vacation homes reached a high point during the pandemic. Along with the desire for seclusion, working at home became a reality for millions, in addition to those already able to do their jobs remotely. According to the U.S. Census Bureau, households with someone working from home reported higher levels of income, placing them in a better position to purchase a second home.

Although demand has recently dropped with rising interest rates, many Americans are still seeking an escape from cold winters or hot summers, a place to gather for family vacations, or simply a change of scenery. For some, owning a second home provides an opportunity for income by renting it out on their own or through a homesharing company like Airbnb.

Affordability encompasses more than just the initial purchase price of the home. Utilities, maintenance, property taxes, and potential income—for those who want to use their second home as an investment—are all considerations in the decision of whether a property is affordable. Meanwhile, “affordability” varies according to income, financial commitments, and stage in life.

While prices vary widely by city and location, these are the some of the most affordable states to own a second home:

Florida

<p>joe daniel price/Getty Images</p>

joe daniel price/Getty Images

One of the country’s favorite vacation destinations, Florida’s real estate ranges from multimillion-dollar single-family homes and townhouses to properties in more affordable communities. In Jacksonville, vacation home buyers can choose from oceanfront, lakeside, inland waterway, or golf course properties in a relatively affordable price range, with condos starting around $200,000 and homes under $400,000. Realtor.com estimates the median Jacksonville home price at $314,000. On the Gulf Coast in the Tampa Bay area, Realtor.com indicates a median home price of

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