B
aby boomers hold a staggering amount of housing wealth, with an estimated $18 trillion to $19 trillion worth of real estate across the US. This represents nearly half of the nation's real estate wealth, a reflection of decades of homeownership and rising property values.

    A new analysis by Realtor.com reveals that while boomers have planted roots across the country, a handful of metro areas stand out as hotbeds for retiree real estate wealth. Florida dominates the list, claiming five of the top 10 spots, thanks to its warm weather, no state income tax, and lifestyle appealing to retirees.

    The ranking combines three factors: the share of homeowners aged 65 and up, the total value of homes in each market, and the estimated value held by older residents. The result is a snapshot of where retirees aren't just living but also holding some of the most valuable pieces of the American housing pie.

    Here are the top 10 metro areas where retirees hold the most real estate wealth:

    1. North Port-Bradenton, FL: With over half of homeowners aged 65 and up, this metro area has an estimated $97 billion in real estate value held by boomers.

    2. Naples-Marco Island, FL: This Paradise Coast area boasts white-sand beaches, luxury resorts, and outdoor activities, with a median home price of $749,000 and an estimated $70 billion in real estate value held by boomers.

    3. Santa Rosa-Petaluma, CA: Located north of San Francisco, this area is known for its wine country and access to nature, with 47% of homeowners aged 65 and up owning an estimated $54 billion in real estate value.

    4. Barnstable Town, MA (Cape Cod): This coastal town has been a favorite destination among retirees, with 53% of homeowners aged 65 and up holding an estimated $34 billion in real estate value.

    5. Prescott-Prescott Valley, AZ: With a median age of 60.3, this area is known for its older demographic, with 58% of homeowners aged 65 and up owning an estimated $27 billion in real estate value.

    These metro areas offer a mix of warm weather, scenic beauty, and lifestyle amenities that appeal to retirees, making them hotspots for retiree real estate wealth.