Southwest Florida’s The Place To Rent To Boomers

real estate header
Southwest Florida is a great place for landlords to rent to boomers, according to a report out Thursday by RealtyTrac.

Charlotte County was ninth, Lee 17th and Collier 21st on the ranking of top baby boomer markets nationwide. As might be expected, those counties didn’t place on the Top 50 markets for Millennials.

The ranking was based on gross rental yield, meaning the average rent for a three-bedroom home divided by the median sales price. The study looked at counties with populations of 100,000 or more and at least a 10 percent increase in baby boomers (those born between 1945 and 1964).

Charlotte had a 12.73 percent rental yield and a 34.3 percent increase in boomers from 2007-2013. Lee had a yield of 10.03 and an increase of 27.6 percent in boomers; Collier was at a 6.64 yield and a 24.3 percent jump in boomers.

The top county, Pasco, which is just north of Tampa, had a rental yield of 20.93 percent. It had just an 11.7 percent rise in boomers, but they make up 27 percent of its population. In Lee, 28.1 percent of the population is boomers.