Vacation homes in the U.S. declined from 5.47 million in 2018 to 4.74 million in 2024, dropping from 4.0% to 3.3% of housing stock. Timeshares have higher occupancy (79.9%) than hotels (62.3%). Florida has the most vacation homes, while Maine and Vermont have the highest concentration. Kentucky has 1.7% vacation homes, the 9th lowest nationally, with 34,484 units out of 2 million homes.