Cape Coral has been named among the hottest baby boomer cities in the United States.
The data team at realtor.com set out to discover which are the hottest property markets for each generation. This included boomers, millennials and also Generation X.
Cape Coral among the hottest baby boomer cities
Cape Coral is among the top 10 baby boomer destinations, which the team chose.
To figure out the most in-demand metros for each generation, Realtor.com looked at:
- The metros where each generation is moving, according to U.S. Census Bureau migration data from 2011 to 2015
- The metros where each generation is searching for homes on realtor.com by page views and also
- Percentage change in homeownership from 2016 to 2018, according to Nielsen Holdings.
As a result, Florida claimed six of the top 10 metros for baby boomers, who are often looking to downside or live in specialist communities.
“Many of these locales also offer reasonable median home prices—which are quite a bit less than what these folks may have been paying in the pricier Northeastern states,” Realtor.com suggests.
It also said, “Did we mention the lower taxes? In Florida, retirees don’t pay income tax on withdrawals from their retirement accounts.”