Cape Coral homeowners are among the oldest

December 3, 2018 12:55 pm

Cape Coral homeowners are among the oldest in the country.

The average age of Cape Coral homeowners is 61.5 years, according to the LendingTree loan website.

The waterfront wonderland came second in the ranking of the 100 largest metropolitan areas. It was behind another Florida city, North Port, at 63.3. Many retirees and also snowbirds own property in Cape Coral.

However, the average age of renters in Cape Coral is lower at 45.4.

The average age of homeowners across the country is 54, while seven out of the top 10 metropolitan areas with the highest average homeowner age are in Florida.

The data came from the U.S. Census Bureau’s American Community Survey.

Tendayi Kapfidze, Chief Economist at LendingTree, concludes, “It’s no secret that young and old people gravitate toward different parts of the country.

“Florida is a well-known haven for retirees, while places such as San Francisco and Austin, Texas, have emerged as millennial boomtowns over the past few years.”

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Find out why Cape Coral is among the most affordable cities.