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rizona is a retiree's paradise, with its warm deserts, majestic mountains, and charming towns. However, the high cost of housing and living has made some of these areas unaffordable for many retirees. Here are five overpriced Arizona retirement towns and alternative options that might be more budget-friendly.
Paradise Valley is a luxurious haven, but its average home value exceeds $3 million, making it inaccessible to most retirees. Tony Ray Baker, a leading Realtor in Tucson, suggests considering Tucson instead. With an average home value of just over $326,000, Tucson offers a small-town feel, plenty of golf courses, and authentic restaurants.
Sedona is another popular retirement destination, but its picturesque landscapes come with a hefty price tag - an average home value of nearly $927,000. Holden Andrews recommends Prescott Valley as a more affordable alternative, with an average home sale price of just shy of $454,000. This town offers beautiful nature, great hiking, and sunny weather without the high cost.
Scottsdale is famous for its luxury spas and chef-driven restaurants, but its average home value exceeds $828,000, making it expensive for seniors. Alexei Morgado suggests Mesa as a more affordable option, with an average home value of just about $437,000. While the cost of living in Mesa is still higher than the national average, buying a home here will save retirees some money.
Flagstaff is a winter wonderland and has a warm desert climate in the summer, but its high cost of living (16.2% above the national average) and average home value of about $654,000 make it unaffordable for many retirees. Tony Ray Baker recommends Peoria as an alternative, with a similar climate and outdoor activities, but at a lower cost - just over $488,000.
Fountain Hills is a peaceful desert town popular among retirees, but its high buy-in cost (average home sales price over $661,000) and 13% above-average cost of living make it inaccessible to many. Tony Ray Baker suggests considering Sun City, Arizona, which has an average home value of $310,000 and offers plenty of recreation choices, lakes, golf courses, and more.
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