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Retirement Planning > Retirement Investing

Top 10 places to buy retirement property

By Staff Writer

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The housing bust hit some states hard, but left a lot of opportunity for retirees looking for an affordable retirement property. U.S. News and World Report calls these cities “retirement property steals.” Here are the magazine’s top 10 deals.

1. Bend, Ore.

  • Price-to-income ratio: 1.7
  • Percentage of population over age 55: 22.8%
  • Median income for those aged 55-64: $63,268

2. Las Vegas.

  • Price-to-income ratio: 1.4
  • Percentage of households 65 or older: 22.4%*
  • Median household income: $55,113

3. Phoenix

  • Price-to-income ratio: 1.5
  • Percentage of population over age 55: 17.6%
  • Median income for those aged 55-64: $59,101

4. Napa, Calif.

  • Price-to-income ratio: 1.7
  • Percentage of population over age 55: 24.7%
  • Median income for those aged 55-64: $73,201

5. Fayetteville, Ark.

  • Price-to-income ratio: 1.2
  • Percentage of population over age 55: 16.6%
  • Median income for those aged 55-64: $52,256

6. Punta Gorda, Fla.

  • Price-to-income ratio: 1.4
  • Percentage of population over age 55: 60.7%
  • Median income for those aged 55-64: $68,740

7. Burlington, Vt.

  • Price-to-income ratio: 1.7
  • Percentage of population over age 55: 22.2%
  • Median income for those aged 55-64: $52,215

8. Fort Myers, Fla.

  • Price-to-income ratio: 1.0
  • Percentage of population over age 55: 53.8%
  • Median income for those aged 55-64: $76,494

9. Santa Fe

  • Price-to-income ratio: 1.8
  • Percentage of population over age 55: 31.4%
  • Median income for those aged 55-64: $60,808

10. Santa Cruz, Calif.

  • Price-to-income ratio: 2.8
  • Percentage of population over age 62: 9.9%*
  • Median household income: $63,201*

*Source: U.S. Census Bureau

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