10 Bargain Retirement Spots

Retirees may now be able to afford homes in places they couldn’t only a year ago

February 22, 2011 RSS Feed Print

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In Pictures: 10 Bargain Retirement Spots

[See The 10 Best Places for Single Seniors to Retire.]

Not every place on this list will feel affordable to all newcomers. In the most expensive place on this list, Wahiawa, Hawaii, the average home sale price was an expensive $331,498 in 2010. But that's 82 percent less than homes sold for in this Oahu island city in 2009. Each of these places also offers recreation facilities and amenities for seniors that provide a good value for your housing dollars.

Check out these 10 places where average home sale prices are falling fast:

Portland, Ore.

Average home sale price in 2010: $270,418

Average home sale appreciation between 2009 and 2010: -91.5 percen

Tallahassee, Fla.

Average home sale price in 2010: $220,135

Average home sale appreciation between 2009 and 2010: -91.48 percent

Tucson, Ariz.

Average home sale price in 2010: $147,731

Average home sale appreciation between 2009 and 2010: -88.06

Wake Forest, N.C.

Average home sale price in 2010: $240,801

Average home sale appreciation between 2009 and 2010: -87.53 percent

Cathedral City, Calif.

Average home sale price in 2010: $182,076

Average home sale appreciation between 2009 and 2010: -85.16 percent

Wahiawa, Hawaii

Average home sale price in 2010: $331,498

Average home sale appreciation between 2009 and 2010: -82.13 percent

Weatherford, Texas

Average home sale price in 2010: $131,586

Average home sale appreciation between 2009 and 2010: -77.83 percent

Dover, Del.

Average home sale price in 2010: $168,805

Average home sale appreciation between 2009 and 2010: -66.26 percent

Sycamore, Ill.

Average home sale price in 2010: $168,053

Average home sale appreciation between 2009 and 2010: -48.49 percent

St. Charles, Md.

Average home sale price in 2010: $245,191

Average home sale appreciation between 2009 and 2010: -45.66 percent

Twitter: @aiming2retire

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It took me 60 years to get out of Oregon, the last 40 in a Portland suburb. Yes, it is green and clean compared to brown and trashy on Oahu, but the weather cannot be compared. We were back there last week and froze our fannies. Hawaii is EXPENSIVE, but Portland is not cheap! Wahiawa's average price of 300 some thousand does not buy you much of a house, in fact a pretty run down house in a run down neighborhood. That money will get you a nice solid house in a good neighborhood in Oregon. I know, we just sold 2048 sq ft in excellent condition in Tualatin for $265k. We bought 1550 sq ft in Makakilo City for $542k and it is a piece of crap in a so-so neighborhood. Okay, I am done venting.

Kaitini of HI 10:32PM July 05, 2012

Ya, of course housing prices are declining by 92 percent in Portland, OR. People are finally figuring out that it rains all the time. When it's not raining, it either has just rained or is about to rain. It's a beautiful city with beautiful countryside and a lot to do (altho' it has some of the worst drivers in the U.S.!) I lived there nearly 30 yrs. and suffered depression from lack of sunshine for most of them. I still have wonderful friends I made there, and many of them are on medication for depression. Hint: don't sell your present home until you'v e spent a yr. in OR.

Annie Underwood of HI 9:09PM May 12, 2012

It may be more expensive to retire in new york city or nearby, however there is a hell of lot more to do than stroll around. Actually, it is an endless amount of things to do in the big apple

Vivian of NY 3:21PM February 28, 2012