A recent analysis of U.S. Census data identified the housing markets with the highest percentage of resident chief executive officers and legislators. Five of the ten top spots are in Florida, with the Naples market ranking #4. Clearly, CEOs enjoy the gorgeous year-round weather and abundance of sunshine. Florida is also a frequent choice because we have no individual state income tax. Another factor in Florida's popularity could be that many times a second home in a vacation destination can transition to a primary residence as working remotely becomes more feasible.
But what do all of the locations have in common? Home prices in all of these markets are on the rise. CEOs are seasoned at making wise financial decisions and recognize that the timing is right for owning a home in these cities. See below for the complete list of cities, percentage of CEO residents and median home price.
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Bridgeport-Stamford-Norwalk, Connecticut - 1.82% resident CEOs, $569,000 median home price.
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Boulder, Colorado - 1.45%; $445,335
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Sebastian-Vero Beach, Florida - 1.37%; $238,900
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Naples-Marco Island, Florida - 1.28%; $445,000
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Cape Coral-Fort Myers, Florida - 1.27%; $249,000
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Oxnard-Thousand Oaks-Ventura, CA - 1.21%; $595,000
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Fort Lauderdale-Pompano Beach-Deerfield Beach, Florida - 1.20%; $229,000
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North Port-Bradenton-Sarasota - 1.20%; $279,990
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Barnstable Town, Massachusetts - 1.13%; $457,250
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San Jose-Sunnyvale-Santa Clara, CA - 1.10%; $721,880
For more information on luxury real estate in Naples, please contact Laura Maguire, REALTOR/Broker Associate at [email protected] or 239.207.6418.