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Breakdown of vacant homes. Of the 110,075 housing units in the Hilton Head Island-Bluffton area, here is the breakdown of the estimated 25,654 vacant homes:
Home and villa rentals on Hilton Head Island had a direct economic impact of $985,790,272 in 2023, 8% more than in 2022, according to Charlie Clark at the Hilton Head Island-Bluffton Chamber of ...
There are about 6,700 active permitted short-term rentals on Hilton Head Island, according to its permit dashboard. The complaints spanned 150 short-term properties, meaning about 2% of total ...
In recent years, Hilton Head has also developed a large permanent resident population. Hilton Head Island, which has an area of approximately 55 square miles (140 km 2 ), had a year-round population of 37,661 at the 2020 census , [ 3 ] although during the peak of summer vacation season the population can swell to 150,000.
The term "timeshare" was coined in the United Kingdom in the early 1960s, expanding on a vacation system that became popular after World War II. [1] Vacation home sharing, also known as holiday home sharing, involved four European families that would purchase a vacation cottage jointly, each having exclusive use of the property for one of the four seasons.
[citation needed] Thus landlords convert their properties into short-term rental units, and there are fewer long-term housing options available to permanent residents. Landlords also sometimes pressure and coerce people out of their homes, particularly if residents are of low-income. [6] In Australia, short-term rentals have contributed to the ...
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