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Here are five cities in which retirees can consider buying a condo, according to real estate experts.
Also see how much the average condo costs in each state.
Nearly a quarter of Scottsdale residents are 65 and older.
But the quality of life isnt the only aspect adding to the increase in retirees to Scottsdale.
Condo prices have also become more affordable.
The average condo price in Scottsdale decreased from $450,000 in June 2022 to $400,000 in June 2024.
All of these factors combined make purchasing a condo in Scottsdale appealing for retirees.
Palm Springs offers these and more, making it a popular retirement location.
With 28.7% of condos having price drops, entering thePalm Springs markethas never been easier.
If you are interested in a California retirement community, check out Palm Springs.
The natural hot spring spas, midcentury modern architecture and 350 days of sunshine provide an inviting atmosphere.
Retirees enjoy the sunrises and relaxing lifestyle in Rancho Mirage.
Expect to pay about $576,000 for a condo in Mirage.
Rancho Mirage has attracted many retirees togated golf course communities, Morgan said.
Healthcare facilities affiliated with Eisenhower Medical Center provide high quality care for seniors.
Condos are often located right on the golf courses with panoramic mountain views.
Residents can enjoy anupscale yet relaxed lifestyleat country clubs, boutiques and restaurants along Highway 111.
Naples, Florida
Moving east, Naples makes our list of retirement cities to purchase a condo.
Naples is an up-and-coming destination for retirees, withwhite sand beachesand blue waters.
This makes it no surprise that 54.6% of the population is over 65.
The location of your condo will play a significant role in the price.
If you are looking to reside beachfront, expect to pay more.
The citys proximity to several major medical centers ensures that residents have easy access to high-quality healthcare services.
Greensboro, North Carolina
Sometimes, you just cant pass up Southern charm.
The condo market in Greensboro is affordable, with a median sale price of $169,000.
Due to affordability, competition is higher, with a median days on the market of 27.
The Bottom Line
Have you considered purchasing a condo in these five retirement cities?
With the housing market starting to cool off, now is a great time to purchase your dream condo.
When making a decision, you will need to consider price, location and amenities.
In addition, its important to understand how condo fees factor into the overall price.
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