Top 10 U.S. towns where millionaires are buying second homes—3 of them are in Florida

For a lot of of America’s most prosperous folks, having a second or third house is the norm. And in keeping with a brand new report, they like properties in beachfront areas like Boca Raton or close to the Rocky Mountains.

Henley and Companion’s 2023 wealth report ranked the highest 10 U.S. cities the place centi-millionaires — these with a wealth of $100 million or extra — personal second houses.

Information collected by New World Wealth, a worldwide intelligence agency, confirmed the variety of centi-millionaires residing in these cities fluctuating relying on the time of yr.

In December 2022, the height vacation season, the variety of centi-millionaires elevated exponentially, which suggests extra trip householders in these areas.

Prime 10 U.S. cities the place millionaires are shopping for second houses

  1. Miami, Florida
  2. The Hamptons, New York
  3. West Palm Seaside, Florida
  4. Napa, California
  5. Aspen, Colorado
  6. Santa Barbara and Montecito, California
  7. San Diego, California
  8. Jackson Gap, Wyoming
  9. Carmel-by-the-Sea, California
  10. Boca Raton, Florida

Miami, Florida, which incorporates town and the island of Miami Seaside got here within the primary spot on the checklist. The Henley and Companion’s report acknowledged that in December 2022, there have been over 800 centi-millionaires with houses within the Florida metropolis.

Miami has additionally seen a millionaire progress price of 75% from 2012 to 2022. In accordance with the report, in December 2022, town was house to 38,000 millionaires, 160 centi-millionaires, and 12 billionaires.

The second city on the checklist is The Hamptons, New York. Henley and Companion’s report acknowledged that the well-known playground for the wealthy and well-known had 700+ centi-millionaire residents throughout the peak vacation season versus 25 everlasting residents.

The Hamptons ranked second as a hotspot for America’s most prosperous to have a second house.

Supply: Envato Parts

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