When buying a home in retirement, the cost can have a significant impact on your nest egg. Unfortunately, some of the most popular retirement cities are seeing home prices soar, potentially putting a home purchase in these areas out of reach for most retirees.
Understanding which markets are seeing higher prices could help you avoid wasting money as you set up a retirement plan. That also makes it important to look beyond the listing price and consider taxes, insurance, maintenance, health care access, and other recurring expenses before choosing a destination.
Editor’s note: All housing data comes from Zillow, unless otherwise stated…