RealtyTrac, a California-based company that measures foreclosures and housing trends, released the retirement report this week with rankings based on home prices, population demographics and annual income. Also included in the measure is the average temperature and annual chance of sunshine.
The Florida town of Dunnellon north of Tampa tops the list as the best place in America to retire with a median home sales price in May of $76,941, a 66.8 percent chance of sunshine and an average temperature of 70.
Next on the list is Naples. Known for its sugar-sand beaches, the quiet city south of Fort Myers had a median sales price of $267,473 in May, a 73 percent chance of sunshine and an average temperature of 74 degrees.
“These popular retirement cities will very likely be an area of growth in the housing market over the next 15 years as baby boomers retire in greater numbers,” said Daren Blomquist, vice president at RealtyTrac. “The baby boomer generation started retiring in 2011, a trend that will continue at least through 2029, ensuring plenty of demand for both rentals and owner-occupant purchases in these markets for the foreseeable future.”
Five other Florida cities made the top 15 list: North Fort Myers, Punta Gorda, Sun City Center, Venice, and Orange City.
If Florida’s not your cup of tea, Green Valley, Ariz., or Seal Beach, Calif., also made the top 15 list.
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