The EDA Center | at the University of Minnesota  
Research Publications

Listed below are various publications from the EDA Center at the University of Minnesota, Crookston. Publications listed come from projects EDA Center faculty and staff have completed, works published in magazines/journals and technical assistance requests. Technical assistance requests are typically planning, research or technical projects that have a direct or indirect impact on job creation, business development or capital investment. All requests are reviewed by EDA Center staff, as well as the EDA Center Advisory Board; and those requests selected comprise our annual work plan. For more information regarding the EDA Center's RFA process click here.

 

Publications
Profile of Second Homeowners in Central and West Central Minnesota: Results of a Household Survey of Second Homeowners in Eight counties in Central and West Central Minnesota
Completed October 2014
Local EDA/Organization: U of M Extension/Central and West Central Minnesota
EDA Center Faculty/Staff: Ryan Pesch, Extension Educator in the Extension Center for Community Vitality. Merritt Bussiere, Extension Educator at the University of Minnesota Extension Center for Community Vitality
Project Description: University of Minnesota Extension conducted this survey to profile second homeowners and estimate their impact in eight counties of Minnesota’s Central and West Central lakes districts. Those responding to the survey tend to be well-educated (65 percent have a bachelors or graduate degree), predominantly in their 50s and 60s (65 percent of all respondents), and earn a household income above the state average (59 percent earn $100,000 or more annually). A majority of respondents have owned their property for more than 10 years and plan on moving permanently to their second home. The social and economic impacts of second homeowners on the communities near their second homes are significant. We estimate that households have a median annual spending of $3,252, for common categories of household spending, in the county where their second home is located. This estimate is based on survey responses and assumes the shares spent in the second home communities hold for year-round purchasing patterns. The largest components of spending reflect median expenditures in the categories of grocery/liquor ($64 a month), dining and bars ($40 a month), home maintenance ($50 a month), entertainment/recreation ($34 a month), and gas/auto service ($50 a month). On average, respondents utilize their second homes 93 days of the year. The survey also asked about second homeowners’ level of community involvement and attachment. Respondents clearly feel very attached to their second homes, but less attached to the communities near their second homes. Moreover, people responding to the survey are quite active in the communities where their first homes are located (81 percent belong to a community, civic or other organization there) and less so within their second-home communities, where only 17 percent belong to with a community organization. Second-home communities could benefit from the talents and leadership skills seasonal residents bring and should undertake strategies to welcome and integrate them, especially in preparation for their permanent transition to the community. Given that 56% of respondents intend to move permanently to their second home, 46,000 permanent households could migrate to the study area, primarily over the next ten years, if that high percentage of second homeowners sticks with their plans.
EDA Center Involvement:
Download Report (900KB PDF)

This document was prepared by the University of Minnesota, Crookston under award number 06-66-05709 from the Economic Development Administration, U.S. Department of Commerce. The statements, findings, conclusions, and recommendations are those of the author(s) and do not necessarily reflect the views of the Economic Development Administration or the U.S. Department of Commerce.

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