Baby boomers own an estimated $18 trillion to $19 trillion worth of real estate in the U.S., equating to nearly half of the nation's real estate wealth. Florida is a key state for retiree real estate concentration, showcasing many top markets for retirees. A Realtor.com analysis ranks areas based on the share of homeowners aged 65 and up, total home values, and the estimated value held by older residents. Notably, areas in Sarasota and Manatee counties have a significant share of boomer homeowners and valuable real estate.
Boomers now hold nearly half of the nation's real estate wealth, a reflection of decades of homeownership and rising property values.
In Sarasota and Manatee counties, more than half of homeowners are boomers, who own an estimated $97 billion of the area's $174 billion real estate value.
Florida dominates the list of retiree real estate wealth, claiming five of the top 10 spots due to its warm weather, lifestyle, and lack of state income tax.
The ranking combines the share of homeowners aged 65 and up, the total value of homes, and the estimated value held by older residents.
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