Top Housing Markets for Baby Boomers

According to the market, these are some of the best areas to retire in!
These are some of the best areas by market to retire in!
According to the market, these are some of the best areas to retire in!

Approximately 10,000 people in America are turning 65 every day and with this growing population looking to move and change their housing situation, active adult builders have been trying to keep up. According to a recent report by Metrostudy, Baby Boomers hold about two-thirds of the country’s home equity, making up a majority of home sales in top markets. Many retirees are either looking to sell their home in the coming years or plan to downsize for their retirement needs. Studies have shown that one of the biggest motivators for active adults relocating during their retirement was location, while affordability and price were the second-most important factors for moving into a new home.

While Florida has remained a top retirement destination for many Baby Boomers, there are several other regions that draw in the 55+ crowd because of their milder climates, which is an important factor for many retirees. So which housing markets are attracting more Baby Boomers these days? Check out the top five markets where retirees are flocking to spend their Golden Years.  

Miami/Fort Lauderdale/West Palm Beach, Florida

It’s no surprise to see Florida on any list when it comes to Baby Boomers and retirement destinations. Not only does Florida have a year-round tropical climate but it is also a tax-friendly state for retirees. Florida has no state tax, which means retirees don’t get their Social Security retirement benefits, pension income, or IRA or 401(k) income taxed. With a favorable climate and low taxes, it’s no wonder why so many Baby Boomers move to the Sunshine State. Across the state, retirees have plenty of housing options to choose from to suit their lifestyle and needs. From condo communities like Coral Ridge Towers in Fort Lauderdale to single-family homes in Baywinds in West Palm Beach, Florida has something for every active adult homebuyer.  

New York, NY-Newark, NJ-Jersey City, NJ

While Florida gets most of the attention when it comes to retirement destinations on the East Coast, other states like New York, New Jersey, and Pennsylvania are also booming with home sales thanks to the Baby Boomer generation. Active adults retiring in these areas tend to want to stay close to family and big cities for entertainment, attractions, and top-notch medical facilities. Retirees can find a variety of age-restricted and age-targeted communities throughout Eastern New York and Long Island that provide low-maintenance homes, resort-style amenities, social environments, and easy access to daily conveniences, which make living in these regions desirable. Active adult communities in New Jersey and Pennsylvania are also popular retirement destinations due to their low cost of living when compared to other neighboring states along the East Coast. These retirement-friendly markets not only provide Baby Boomers proximity to family and friends, but also offer great cultural attractions, healthcare facilities, and outdoor recreation that make living through cold winters more tolerable.  

Las Vegas/Henderson/Paradise, NV

The Las Vegas area isn’t just known for the bright lights of Sin City – it’s also a retirement hotspot for the 55+ crowd. To keep up with the influx of retirees in this area, more active adult home builders are developing age-restricted and age-targeted communities. A majority of the retirement communities are located on the outskirts of Las Vegas or in suburban areas like Henderson and Paradise. Baby Boomers will find everything they could want or need with world-class amenities, comfortable weather, low-maintenance homes, picturesque desert scenery, outdoor recreation, low taxes, and a reasonable cost of living. Premier builders like Del Webb have developed numerous active adult communities throughout the area, including its first 55+ community in Las Vegas called Sun City Summerlin. Retirees will also find more active adult communities that offer a variety of home designs at different price points such as Sun City Anthem, Siena, and Sun City Aliante, which all provide an ideal retirement setting.  

Denver-Aurora-Lakeland, CO

Another retirement hotspot is the Denver area in Colorado. This area tends to attract more retirees because of its desirable climate, affordability, cultural attractions, and abundance of outdoor recreational activities. The Denver area appeals to 55-plus homebuyers who love to spend time outdoors and stay active. A majority of the retirement communities in Denver or Aurora provide residents with resort-style amenities, golf courses, multiple sports courts, and a long list of social groups and activities. Heritage at Eagle Bend Golf Club in Aurora has its own 18-hole golf course and onsite restaurant as well as gorgeous views of the Rocky Mountains. Known as an outdoor adventurer’s paradise, the Denver area also offers retirees easy access to beautiful parks, mountains, trails, and rivers for the best in outdoor recreational activities right in their own backyard.  

Phoenix-Mesa-Scottsdale, AZ

The booming Phoenix area in Arizona is another popular retirement destination for many active adults. It’s also the home of the country’s first 55+ community: Sun City. After the success of this 55-Plus community, builders caught on to the active adult market. Sought-after locations like Mesa, Scottsdale, and Phoenix all have great 55+ communities that cater to the lifestyle of retirees. Homebuyers can find quality-built homes, top-notch amenities, and a vibrant social environment within a picturesque setting. In addition to beautiful age-restricted neighborhoods found throughout the Phoenix area, residents also flock to this prime location because of its warm climate, abundant year-round sunshine, low cost of living, and outdoor recreational opportunities.  

Can you spot the $207,744 difference between these identical homes?

Financing is the difference!

Get the details in The 62+ Loan Homebuyers Guide.

55places Mortgage is a joint venture between Mutual of Omaha Mortgage and 55places.com.
Details here.

Share this post:

We're here to help! (800) 928-2055

Call us to speak with a customer service representative.

Subscribe to Our Newsletter

Get Weekly Updates

I agree that 55places and its affiliates, partner providers or agents may call, text, or email me about my inquiry, which may be made with automated means. I understand that my consent is not a prerequisite for buying a property. I may revoke my consent at any time by contacting [email protected] Message/data rates may apply. I also agree to 55places.com’s Privacy Policy and Terms of Use.

The Best Places to Snowbird in 2021

We’ve gathered 25 of the best places for snowbirds, including cities in Florida, Arizona, California, Texas, South Carolina, and Nevada. For each entry, we’ve also provided a list of recommended 55+ communities in the area. If you’re ready to find your own winter retreat this season, here are some of the best places to consider.

A senior couple takes a hike in a low-humidity state they chose for their retirement.

Retirement: What Are the Top 5 States With the Lowest Humidity?

There are many factors in deciding where to retire, and the weather can be one of them. Luckily, many of the states with nice weather also offer additional benefits for people over 60 and have several exciting active adult communities. Here are the four best states for a low-humidity retirement.

Lake view during autumn at dusk of Table Rock Mountain in Pickens, South Carolina.

5 Reasons To Consider a South Carolina Retirement

What does South Carolina have to offer active adults? A selection of over 80 active adult communities is just the beginning. These five reasons to consider a South Carolina retirement just might convince you that this southern coastal state has everything you’re looking for in a 55+ community.

The Best Places to Retire in South Carolina

South Carolina is known for having some of the best golf courses in the country, but that’s not all it has to offer active adults. The state has a rich history and culture, a wide selection of entertainment and recreation, and miles of beaches and coastal living.

North Carolina vs. South Carolina

The Carolinas are a power couple when it comes to maintaining an active lifestyle in an amazing climate, but they’re separated by more than just a border. A side-by-side comparison of the two can quickly show which is better for you when it comes to your interests and needs.

Exterior view of a model home at Del Webb Carolina Gardens, Fuquay-Varina, North Carolina on a sunny day.

55+ Communities With New Homes for Sale Near Raleigh

If you’re in the market for a new construction home in Raleigh, North Carolina there are plenty of options to consider. We’ve put together a list to help you start your search for the perfect neighborhood with new homes.

A woman playing pickleball in her 55+ community.

Raleigh Area 55+ Communities Big on Pickleball

With the pickleball’s rising popularity, many active adult communities across the country have taken heed and added pickleball courts to their lists of amenities. And, the Raleigh-Durham area–which is home to 40 active adult communities–is no different.

About 55places

We’re changing the way people 55 and older are searching for their perfect next place. With a national network of hand-selected real estate experts, plus comprehensive information, unbiased content, and on-the-go insight about thousands of communities across the country, we’re a trusted resource paving the way from here to home. Whether you’re interested in a low-maintenance single-level residence, an active lifestyle or age-qualified community, an intimate enclave, or anything in between, we can help you make your next move the best one yet.

Scroll to Top