5 Great Places to Buy a Vacation Home

Vacation homes under $500K with low climate risk? We've got you covered.

Two Adirondack chairs on a dock looking over a lake.
(Image credit: Getty Images)

The prospect of buying a vacation home is still alluring, but trickier to pull off than just a couple of years ago. While mortgage rates have recently declined, they remain above the historic lows of the pandemic era — and inventory is still tight.

There’s been plenty of change for homebuyers to contend with in recent years. For example, during the pandemic, soaring home prices drove many people to move interstate. That same period also coincided with a surge in natural disasters such as forest fires, mudslides and flooding, which made some vacation destinations less appealing.

To help vacation homebuyers, we’ve highlighted five spots around the country to suit varied tastes, featuring seaside towns with sandy beaches, mountain getaways for hikers, skiers and snowboarders, and lake retreats for boating enthusiasts.

You might have a shot of snagging an affordable home in one of these locations, based on inventory and price data from Realtor.com. As of September, homes listed for sale in each county represented had a median price of no more than $500,000.

Finally, always keep in mind that severe weather can impact your purchase, and for properties in highly vulnerable communities, it may be harder to get affordable insurance.

Okay, let’s get into our top picks.

Brittany Leitner
Contributing Writer

Brittany Leitner is a freelance journalist with over 10 years of experience in lifestyle, health, and more. She received a Digital Health Award for her reporting in 2019 as well as numerous awards for her work in poetry. She previously held positions as senior editor at Elite Daily and managing editor at The Dr. Oz Show. Follow her online @britariail. 

With contributions from