While Naples is not the most affordable in terms of cost of living and housing, it makes up for it with good weather, excellent nightlife, tons of activities, and a diverse arts & culture scene. Naples also has great schools and safe neighborhoods, making it a top choice for families.
The average market rent price in Naples is $2,188 per month. On average, studio apartments rent for $3,650, 1-bedroom apartments rent for $1,360, and 2-bedroom apartments rent for $1,817. Most of the properties in the city are apartment complexes, at 58.3%, but single-family homes are also common at 32.1%. A large majority of the homes, about 62%, were built between 1970-1999. Though, you will also find newer homes (16.7%) built in 2000 or later. In total, there are approximately 10,854 homes and apartments in Naples.
Although most of the citizens in Naples own their homes, there is still a sizable chunk (22%) who rent. Renting is an effective way to get a feel of a neighborhood without committing to a large investment, which is why many prefer to rent than buy. Plus, some can’t afford to purchase their own homes. In addition, Naples also has a very strong tourism industry, making it a great place for both short- and long-term rental properties.
Rental property management poses many challenges, though. As a landlord, you must advertise your property, screen tenants, collect rent, and keep up with maintenance. You must also communicate with your tenant and stay on top of federal, state, and local regulations. If you find it hard to juggle all these tasks, the best course of action is to seek professional property management services. A Naples property management company can accomplish all these duties efficiently and effectively.
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