Where Do Baby Boomers Hold the Most Real Estate Wealth?

Baby Boomers now control almost half of all real estate wealth in the U.S.—a result of years of owning homes amid sharp rises in property values. Real estate marketing platform Realtor.com estimates that Boomers—those born from 1946 to 1964—currently own between $18 trillion and $19 trillion in real estate nationwide.

Although Baby Boomers are spread across the country, there are some metros where the generation's wealth is more concentrated. Florida is home to five of the top 10 metros where those over 65 hold the most real estate wealth. The top spot goes to North Port-Bradenton, Fla., where homeowners aged 65 and older hold $97 billion in property, and make up 56% of the area's homeowners. Naples-Marco Island, Fla., follows closely behind, where homeowners 65 and older own $70 billion in real estate and make up 57% of the local homeowner population.

Today’s high home equity is an important cushion for homeowners and the economy, with the total value of owner-occupied real estate registering at $47.9 trillion—the fourth-highest value on record, according to the Realtor.com analysis of Flow of Funds data.

Home equity follows a similar trend, registering at $34.5 trillion at the beginning of 2025. This means that, with boomers sitting on up to $19 trillion of that equity, they hold the largest share of equity of any generation.

By the end of 2025, close to 12,000 people a day will turn 65 for the next two years, according to the U.S. Census Bureau data. This means the “silver tsunami” is reaching its peak, but it doesn’t mean that boomers are willing to part with their equity anytime soon.