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Real estate experts identified five communities as overpriced markets in the state.
Institutional buyers who inflate values through artificial competition target most of theseretireepreferences.
Experts believe specific investors, infrastructure weaknesses and environmental dangers push prices past what actual local market conditions show.
GOBankingRates consulted these real estate experts to uncoverwhich Texas towns have become notoriously expensivefor retirees.
People flocking to this town because of its charm now see rising home values.
Large investment groups aim for Fredericksburg because boomers make consistent real estate purchases, said Wesley Kang ofRealtor1099Cafe.
This artificial competition drives prices beyond what local economics justify.
The community deals with problems related to its basic systems.
Retirees should be cautious about moving to Fredericksburg because future infrastructure challenges may affect their long-term needs.
Georgetown
Georgetown exists just north of Austin with its historic downtown and special adult neighborhoods.
Its growing fame creates homes and properties that cost more.
Matt Vukovich atMatt Buys Indiana Housesexplained Georgetown continues to grow and receives infrastructure updates.
Georgetown stands tall as one of the most expensive destinations in Texas to live in assisted senior facilities.
Seniors looking for low-cost medical services would be hesitant to choose this city as their retirement destination.
The towns fast growth puts pressure on fundamental community services, which affects how well people live there.
The data shows a small decrease in values because of 0.7% during the last year.
Residents of Corley Farms choose new homes that start at $300,000 and go up to $400,000.
Home prices increasing together with this tax rate create serious budget problems for people during retirement.
Marble Falls
Marble Falls, located northwest of Austin, offers scenic views and outdoor activities.
Its appeal has attracted both retirees and investors.
Kang said large investment groups target places like Marble Falls specifically because boomers are predictable buyers.
This artificial competition drives prices beyond what local economics justify.
Additionally, the town faces infrastructure challenges.
The Hill Country is already facing restrictions, and most developments are operating on decades-old infrastructure.
This situation raises concerns about long-term sustainability for retirees considering Marble Falls.
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