KEY POINTS

Seniors ages 65 and older saw an increase in renting by around 30% in 10 years according to Point2Homes study.

The rental growth for those ages 55-64 was significantly lower, mostly five times less than that of seniors 65 or older.

The decision to rent comes with considerations such as flexibility, downsizing, lifestyle adjustment and management of property.

Salt Lake City perceived significant growth in senior renters, at a rate increase of 51.4% over the same 10 years.

Seniors comprise 21.3% and 18.5% of renters in North Port–Sarasota–Bradenton and Cape Coral-Fort Myers regions respectively, leading Florida metropolitan areas.

Ingrid Penn is 82 years old, living alone in her house in Taylorsville, but she is now looking to sell her home.

On a recent morning the woman wa

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