But, according to a new report from Realtor.com, those looking to buy in seven super-hot Southern retirement markets are poised to make out like bandits. That's because the real estate website has just declared these seven cities to be in a "buyer's market," meaning buyers in these areas will fare better than sellers. Here are the cities the report says are particularly hot for shopping seniors.
Georgia is a great state for retirees to head to, thanks to its lax tax rules when it comes to retirement income, including no tax on Social Security income and generous deductions for other types of retirement income, according to the state's website.
Considering a move to the Peach State and want to know where you'll fit in after you've clocked out for the last time? According to Local Logic, Candler Park is a great fit if you want to prioritize senior must-haves, such as a walkable town with easy access to public transportation, groceries, and parks. Not only that, but the website says that the neighborhood is known for being quiet, which is great if you're hoping to get away from the hustle and bustle in retirement.
Austin, Texas
When it comes to retiring in Texas, you may want to head to Austin to put down roots. That's because the city is now officially a buyer's market, making it a great spot to snag a deal. Not only that, but retirees here will get to experience some of the Southern charm that draws people from all over the world to the city.
Curious which neighborhood to start your search for a new home in? Movetoaustin.org says downtown Austin is where it's at.
But when it comes to Music City, you'll be singing about more than just taxes and a friendly real estate market. Nashville is also home to a award winning healthcare system. That, combined with the city's Southern charm, and it's obvious why so many want to call this place home. Looking for the best place to start house hunting? Niche says you should try the Nashville suburb of Oak Hill.
Jacksonville, Miami, Orlando, and Tampa, Florida
I can't imagine a world in which we put together a list about Southern retirement cities and don't include at least one spot in Florida. However, Realtor.com's report says that Florida deserves to be on this list four times, thanks to the four cities in the Sunshine State that have switched over to a buyer's market.
Sawgrass, Jacksonville, which is located on the First Coast BeachesHighland Beach, Miami, which is located on the barrier island between Boca Raton and Delray Beach Bay Hill, Orlando, a golf community that is located within walking distance of several different eateries and fine dining establishments Redding Beach, Tampa, which offers retirees a mix of urban and suburban living
Of course, anyone who has ever watched the real estate market fluctuate knows that all of this could change in an instant. So, if you're nearing retirement age, or simply daydreaming about heading South, you may want to consider these cities before the market flips and they once again become too hot for many on a fixed income to consider.
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