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- 10 Cities Where Retirees Hold the Most Real Estate Wealth — 5 Are in Florida</p>
<p>T. WoodsSeptember 5, 2025 at 8:26 PM</p>
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<p>Khairil Azhar Junos / Shutterstock.com</p>
<p>Approximately $18 trillion to $19 trillion of America's real estate wealth is owned by baby boomers, the generation born between 1946 and 1964. That's nearly half of all the real estate wealth in the entire country, acquired through what Realtor.com defines as multiple decades of homeownership, as well as changes in the housing market and increasingly high property values.</p>
<p>Also See: I'm a Retired Boomer — 3 Things I Wish I Had Done Differently To Better Prepare For Retirement Longevity</p>
<p>Boomer homeowners have settled all across America, but there are a handful of cities that have attracted the post-World War II generation far more than others, especially in Florida. Indeed, half of the 10 cities where retirees hold the most real estate wealth are in The Sunshine State, which has famously been a retirement destination for decades. Why? Florida offers beautiful beachfront properties, a lovely subtropical climate and — best of all, financially — absolutely no state income tax.</p>
<p>Following are Realtor.com's top 10 cities where retirees hold the most real estate wealth. The list was determined by the total value of houses on the market, as well as homeowners over the age of 65 and the estimated value of their real estate holdings. Blended together into a listing of 10 cities, this information creates a map of a retiring generation's wealth, as well as the trends in a progressively complex and pricey housing market.</p>
<p>Also see cities to consider if you are retiring this year.</p>
<p>©theclumsytraveler.com10. San Luis Obispo, California -</p>
<p>Homeowner population age 65 and up: 49.8%</p>
<p>Value of real estate owned by baby boomers: $31 billion</p>
<p>Retirees own $31 billion worth of real estate in California's lovely San Luis Obispo, for good reason. Active seniors can take part in the beachside landscapes, numerous hiking trails and parks, while the proximity to California Polytechnic State University features a number of cultural events, performances and concerts.</p>
<p>Find More: 6 Things Frugal Boomers Never Buy</p>
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<p>JamesBrey / Getty Images/iStockphoto9. Honolulu -</p>
<p>Homeowners age 65 and up: 43.4%</p>
<p>Value of real estate owned by baby boomers: $88 billion</p>
<p>Hawaii makes its lone appearance in the top 10 with Honolulu. It's easy to understand why retirees would stake a 43.4% claim to all real estate in the area — Honolulu offers beautiful island living, walking tours, museums and beach activities for all active residents.</p>
<p>Discover More: 10 Things Boomers Won't Be Able To Afford in Less Than a Decade</p>
<p>CircleEyes / Getty Images8. Prescott Valley, Arizona -</p>
<p>Homeowners age 65 and up: 57.6%</p>
<p>Value of real estate owned by baby boomers: $27 billion</p>
<p>Warm, low insurance rates and lovely desert locales — all of these are excellent reasons for baby boomers to claim up to $27 billion of Prescott's $47 billion worth of real estate.</p>
<p>Rauluminate / Getty Images7. Port St. Lucie, Florida -</p>
<p>Homeowners age 65 and up: 49.1%</p>
<p>Value of real estate owned by baby boomers: $38 billion</p>
<p>Almost 50% of all homeowners are of retirement age in Port St. Lucie, which features a PGA golf course, a bevy of nature trails and coastal activities.</p>
<p>©Shutterstock.com6. Deltona, Florida -</p>
<p>Homeowners age 65 and up: 47.8%</p>
<p>Value of real estate owned by baby boomers: $43 billion</p>
<p>Located on the shores of Lake Monroe, Deltona is yet another Florida city in which nearly 50% of all homeowners are baby boomers. The city is also in close proximity to Daytona Beach and Orlando, giving fun-seeking retirees plenty to do.</p>
<p>halbergman / Getty Images/iStockphoto5. Barnstable Town, Massachusetts -</p>
<p>Homeowners age 65 and up: 53.1%</p>
<p>Value of real estate owned by baby boomers: $34 billion</p>
<p>Barnstable Town is a huge draw for retirees in the Cape Cod region, with its village charm and beachside properties. While rather expensive, $34 billion of the area's $64 billion real estate is owned by boomers.</p>
<p>See More: America's 50 Fastest-Growing Retirement Boomtowns</p>
<p>Sharon Hahn Darlin / Flickr.com4. Santa Rosa, California -</p>
<p>Homeowners age 65 and up: 46.6%</p>
<p>Value of real estate owned by baby boomers: $54 billion</p>
<p>While Santa Rosa living isn't exactly cheap (with the median home value resting at approximately $995,000), it certainly has become a boomer enclave. Approximately 47% of the population is over the age of 65 and owns about half of the $116 billion in real estate.</p>
<p>TriggerPhoto / Getty Images/iStockphoto3. Cape Coral, Florida -</p>
<p>Homeowners age 65 and up: 51.9%</p>
<p>Value of real estate owned by baby boomers: $62 billion</p>
<p>Thanks to the warm weather, outdoor fun and beachfront properties, Cape Coral has been a boomer destination for decades.</p>
<p>Sean Pavone / Getty Images/iStockphoto2. Naples, Florida -</p>
<p>Homeowners age 65 and up: 57.3%</p>
<p>Value of real estate owned by baby boomers: $70 billion</p>
<p>Over 90 golf courses, beaches, outdoor activities and a number of luxury resorts make Naples a retiree's dream city, which makes it no surprise that boomers own 57% of the real estate there.</p>
<p>©Shutterstock.com1. North Port, Florida -</p>
<p>Homeowners age 65 and up: 55.8%</p>
<p>Value of real estate owned by baby boomers: $97 billion</p>
<p>Of the $174 billion in real estate in North Port, $97 billion is owned by those over the age of 65. That means baby boomers have a foothold on approximately 56% of the pricey properties in North Port.</p>
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<p>This article originally appeared on GOBankingRates.com: 10 Cities Where Retirees Hold the Most Real Estate Wealth — 5 Are in Florida</p>
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