Best Retirement Real Estate Cities
It’s hard to pinpoint the best retirement real estate because everyone has their own ideas about what is fun and what is essential in a retirement community. However, US News & World Report looked at budget amenities that might appeal to retirees on a fixed income (for instance, the best place for water views on a budget, affordable housing, or affordable mountain towns). They also looked at the best places with year-round weather and real estate offering the best cultural opportunities to explore. Friendly college towns and places with a high number of 55+ singles also made their list. If you are like me and live in the mid-west, you won’t see a lot of nearby cities like Louisville real estate on this list!
According to the paper, the 10 Best Places To Find Retirement Real Estate In 2012 are:
ARIZONA (Flagstaff): Most pleasant year-round weather CALIFORNIA (Walnut Creek): Greenest place to retire FLORIDA (Port Charlotte): Best place for affordable real estate MASSACHUSETTS (Pittsfield): Best place for single retirees MICHIGAN (Traverse City): Best water views on a budget NEBRASKA (Lincoln): Best place to launch a second career NEW YORK (Ithaca): Friendliest college town for retirees NEW MEXICO (Santa Fe): Best place for recreation and culture NORTH CAROLINA (Boone): Most affordable mountain town PENNSYLVANIA (Pittsburgh): Best mix of affordability and amenities
Many retirees who have paid off the mortgage on their primary real estate find that investing and renting out properties was a great way to fill their coffers for the retirement lifestyle. Even though the market has “collapsed,” it doesn’t so much affect people who aren’t trying to make a quick sale or house flip. If you’re in it for the long haul, real estate is still a worthy investment, MoneyRates.com personal finance expert Richard Barringtontold Fox News. Once again, as a Louisville homes specialist, it sure would have been nice to see my favorite city on that list!
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