This paper sets up a model of housing markets with a seasonal peak in demand. Rent levels, rent gradients, consumption of housing services, and the spatial distribution and density of population are derived for peak and off-peak periods under conditions of intertemporal locational equilibrium and spatial market equilibrium. The model is empirically applied to the city of Makkah (Mecca) in Saudi Arabia, where during the annual pilgrimage the resident population trebles and housing expenditure increases six times.
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