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.
- 4 Bedrooms
- 5 Bathrooms
- 8,910 Sq Ft
- 0.260 Acres
205 S. BEACH Drive MARCO ISLAND, Florida
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Listing courtesy of PREMIER SOTHEBY`S INTERNATIONAL REALTY
- 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
- 5 Bedrooms
- 5 Bathrooms
- 7,099 Sq Ft
- 0.380 Acres
355 GUMBO LIMBO Lane MARCO ISLAND, Florida
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Listing courtesy of PREMIER SOTHEBY`S INTERNATIONAL REALTY
- 3 Bedrooms
- 3 Bathrooms
- 2,755 Sq Ft
- 0.200 Acres
833 MAGNOLIA Court MARCO ISLAND, Florida
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Listing courtesy of PREMIER SOTHEBY`S INTERNATIONAL REALTY
- 3 Bedrooms
- 3 Bathrooms
- 3,847 Sq Ft
4000 ROYAL MARCO Way 623 MARCO ISLAND, Florida
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Listing courtesy of PREMIER SOTHEBY`S INTERNATIONAL REALTY
- 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
- 3 Bedrooms
- 3 Bathrooms
- 2,842 Sq Ft
824 E HIDEAWAY Circle 332 MARCO ISLAND, Florida
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Listing courtesy of PREMIER SOTHEBY`S INTERNATIONAL REALTY
- 0 Bedrooms
- 0 Sq Ft
- 0.450 Acres
992 ROYAL MARCO Way 0 MARCO ISLAND, Florida
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Listing courtesy of PREMIER SOTHEBY`S INTERNATIONAL REALTY
- 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
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:
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