9 Most Budget-Friendly US Retirement Towns in 2023
There’s good news if you’re retiring in 2023 and need to buy a new home. New research conducted by Realtor.com reveals there are nine new affordably priced retirement hot spots across the United States.
Housing Market 2023: The 10 Most Overpriced Housing Markets in the US — 5 Are in Florida
Related: The Simple, Effective Way To Fortify Your Retirement Mix
To find these new places, Realtor.com pulled together the median list prices for all U.S. cities over the past year. The U.S. Census Bureau’s median age data was also included for each city. From there, data was analyzed on single-family, condo and townhouse listings on Realtor.com throughout the past year to find the percentage of these listings that used keywords indicative of a retirement-focused community in their listing description.
This list is ranked from least to most affordable median list price for the past 12 months (ending in August 2023). Here are the nine most budget-friendly US retirement towns in 2023.
9. The Villages, Florida
- Median list price: $425,000
- Median age: 73
- Percentage of retiree-friendly listings: 95%
Discover: 10 Best Canadian Cities To Retire on a Budget of $2,500 a Month
8. Laguna Woods, California
- Median list price: $405,000
- Median age: 75
- Percentage of retiree-friendly listings: 99%
7. South Pasadena, Florida
- Median list price: $395,000
- Median age: 68
- Percentage of retiree-friendly listings: 51%
6. King City, Oregon
- Median list price: $385,000
- Median age: 62
- Percentage of retiree-friendly listings: 64%
5. Manchester, New Jersey
- Median list price: $350,000
- Median age: 64
- Percentage of retiree-friendly listings: 83%
4. Green Valley, Arizona
- Median list price: $347,500
- Median age: 73
- Percentage of retiree-friendly listings: 85%
3. Sun City Center, Florida
- Median list price: $341,090
- Median age: 71
- Percentage of retiree-friendly listings: 83%
2. Sun City, Arizona
- Median list price: $309,000
- Median age: 72
- Percentage of retiree-friendly listings: 51%
1. Bermuda Run, North Carolina
- Median list price: $179,000
- Median age: 57
- Percentage of retiree-friendly listings: 49%
More From GOBankingRates
Personal finance book recommendations
Personal Finance Book RecommendationsAs a professional financial advisor, I am often asked for recommendations on books that can help individuals gain a better understanding of personal finance. It is no secret that managing money effectively is a crucial skill that can greatly impact one'
How is the interest on bank deposits calculated?
Interest is the amount of money that a bank pays you for keeping your money in a deposit account, such as a savings account, a fixed deposit, or a certificate of deposit. Interest is also the amount of money that you pay to a bank for borrowing money from them, such as a loan or a credit card.
How to Double Your Money with the Best CD Rates for January 2024
If you are looking for a safe and reliable way to grow your savings, you might want to consider opening a certificate of deposit (CD) account. A CD is a type of deposit account that offers a fixed interest rate for a specified term, usually ranging from a few months to several years. Unlike a regula
How to buy the right personal financial products
Personal financial products are tools that help you manage your money, save for the future, and achieve your financial goals. They include things like bank accounts, credit cards, loans, insurance, investments, and retirement plans. However, not all personal financial products are create