When Rentals Are Less Affordable, Is It Time To Buy?

An Apartment List study found that apartment living is simply not affordable anymore. Even in older apartment buildings, the rent is regularly higher than the price of a monthly house payment. Actually, among older rentals, the cost of rent has been increasing the fastest! That is not the way the rental market works in a healthy rental market. 

Right now, the percentage of rentals less than 10 years old in the national market is under 10 percent. A few decades ago, it was nearly a quarter of the market. Most renters are living in older apartments. Homes that are over three decades old make up 66 percent of the rentals. Back in 1980 when the rental market was healthier, rentals over three decades old made up just 41 percent of the rental market. 

When people are paying more in monthly rent costs than they would for a monthly house payment, and the apartments are aging fast, there’s little reason to rent. There is more incentive to buy. Unless the freedom of a rental is needed, buying makes even more sense than it used to in this rental climate.

866 SEA DUNE Lane 0
$4,795,000
  • 0 Bedrooms
  • 0 Sq Ft
  • 0.300 Acres

866 SEA DUNE Lane 0 MARCO ISLAND, Florida

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Listing courtesy of PREMIER SOTHEBY`S INTERNATIONAL REALTY

800 W COPELAND Drive
$3,999,000
  • 6 Bedrooms
  • 8 Bathrooms
  • 8,658 Sq Ft
  • 0.500 Acres

800 W COPELAND Drive MARCO ISLAND, Florida

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Listing courtesy of PREMIER SOTHEBY`S INTERNATIONAL REALTY

970 CAPE MARCO Drive 1706
$2,775,000
  • 3 Bedrooms
  • 4 Bathrooms
  • 4,200 Sq Ft

970 CAPE MARCO Drive 1706 MARCO ISLAND, Florida

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Listing courtesy of PREMIER SOTHEBY`S INTERNATIONAL REALTY

195 S BEACH Drive
$2,700,000
  • 4 Bedrooms
  • 4 Bathrooms
  • 10,309 Sq Ft
  • 0.260 Acres

195 S BEACH Drive MARCO ISLAND, Florida

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Listing courtesy of PREMIER SOTHEBY`S INTERNATIONAL REALTY

3000 ROYAL MARCO Way 516
$999,000
  • 3 Bedrooms
  • 3 Bathrooms
  • 2,731 Sq Ft

3000 ROYAL MARCO Way 516 MARCO ISLAND, Florida

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Listing courtesy of PREMIER SOTHEBY`S INTERNATIONAL REALTY

176 S COLLIER Boulevard PH-3
$995,000
  • 2 Bedrooms
  • 2 Bathrooms
  • 2,022 Sq Ft

176 S COLLIER Boulevard PH-3 MARCO ISLAND, Florida

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Listing courtesy of PREMIER SOTHEBY`S INTERNATIONAL REALTY

1069 BALD EAGLE Drive 1002
$949,000
  • 3 Bedrooms
  • 2 Bathrooms
  • 2,635 Sq Ft

1069 BALD EAGLE Drive 1002 MARCO ISLAND, Florida

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Listing courtesy of PREMIER SOTHEBY`S INTERNATIONAL REALTY

9290 CHIASSO COVE Court
$949,000
  • 3 Bedrooms
  • 4 Bathrooms
  • 4,218 Sq Ft
  • 0.240 Acres

9290 CHIASSO COVE Court NAPLES, Florida

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Listing courtesy of PREMIER SOTHEBY`S INTERNATIONAL REALTY

980 CAPE MARCO Drive 805
$925,000
  • 3 Bedrooms
  • 3 Bathrooms
  • 2,468 Sq Ft

980 CAPE MARCO Drive 805 Marco Island, Florida

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Listing courtesy of PREMIER SOTHEBY`S INTERNATIONAL REALTY

320 SEAVIEW Court 1712
$789,000
  • 2 Bedrooms
  • 2 Bathrooms
  • 1,509 Sq Ft

320 SEAVIEW Court 1712 MARCO ISLAND, Florida

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Listing courtesy of PREMIER SOTHEBY`S INTERNATIONAL REALTY

380 SEAVIEW Court 1807
$725,000
  • 2 Bedrooms
  • 2 Bathrooms
  • 1,346 Sq Ft

380 SEAVIEW Court 1807 MARCO ISLAND, Florida

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Listing courtesy of PREMIER SOTHEBY`S INTERNATIONAL REALTY

3000 ROYAL MARCO Way 321
$695,000
  • 3 Bedrooms
  • 3 Bathrooms
  • 3,043 Sq Ft

3000 ROYAL MARCO Way 321 MARCO ISLAND, Florida

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Listing courtesy of PREMIER SOTHEBY`S INTERNATIONAL REALTY

395 WILD COFFEE Lane 0
$399,000
  • 0 Bedrooms
  • 0 Sq Ft
  • 0.340 Acres

395 WILD COFFEE Lane 0 MARCO ISLAND, Florida

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Listing courtesy of PREMIER SOTHEBY`S INTERNATIONAL REALTY

1601 BEGONIA Court 8
$385,000
  • 0 Bedrooms
  • 0 Sq Ft
  • 0.370 Acres

1601 BEGONIA Court 8 Marco Island, Florida

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Listing courtesy of PREMIER SOTHEBY`S INTERNATIONAL REALTY

Are You Buying a Home on Marco Island?

Considering buying a home on Marco Island? We’d love to help you find one that’s just right for your needs.

First, check out available Marco Island area properties using this helpful search tool. If it’s easier, you can just call us at 239-821-7926 or get in touch with us online to let us know what you’re looking for. We’re happy to contact you however you prefer. Then, we’ll start searching our databases right away using criteria you specify!

In the meantime, you can also easily explore Marco Island real estate by price:

Also, to stay current on the latest listing and community events, connect with your Marco Island area expert on Facebook or Twitter!