10 Surprising Cities Where $300,000 Still Buys a Great Retirement Home

Can you still get a great retirement home for $300,000? Oh yes, you can. U.S. home prices have soared 47% since 2020. This has made many traditional retirement destinations unaffordable (looking at you, pandemic-era South Florida). But if you're ready to retire, there are still plenty of affordable retirement locations available.

These unexpected retirement destinations offer a friendly atmosphere, beautiful architecture, and plenty of senior amenities. From beachside towns to larger cities, this list should give you plenty of ideas for retiring in style without breaking the bank.

Editor's note: All data on home prices came from Realtor.com, Zillow, and Redfin, unless otherwise noted.

Median home price: $282,990

This small Arizona town is an attractive destination if you want to retire in a warmer climate. Living in Coolidge, Arizona, offers retirees a blend of affordability, tranquility, and proximity to major cities like Phoenix and Tucson. 

Coolidge offers local parks, community events, and is near attractions like the Casa Grande Ruins, which was the first historic site to receive protection from the U.S. government in 1892.

Median home price: $299,000

If your heart is set on Florida, you can still do it with a budget of $300,000. The small community of Ocala offers a wide range of activities, from hiking in the Ocala National Forest to exploring the World Equestrian Center. 

Ocala's location is excellent, too, an easy drive to any part of the state.

Median home price: $289,900

Another beautiful Midwestern destination, Fort Wayne has something for everyone. From boutique shops to craft fairs and world food markets, there is a lot to explore culturally. 

Recently, Fort Wayne was named as one of the best places to retire in the U.S. by U.S. and World News Report.

Smart Drivers, Smarter Savings

Compare car insurance rates in Ohio

See if you qualify for a lower rate in less than 2 minutes

Check Rates

By clicking the button above, I understand and agree that this site uses site visit recording technology (provided by Trusted Form, Jornaya, and Microsoft Clarity) Privacy Policy

Median home price: $295,000.

If you prefer a larger town with lots to do, Wichita should be on your radar. This Midwestern city contains a staggering wealth of cultural and social activities, including many local heritage museums, an art museum, a zoo, and a botanical garden.

Median home price: $280,000

If you are a history buff, you will enjoy Brownsville's rich array of historical sites, including Palo Alto Battlefield National Historical Park and the Stillman House Museum. But the biggest draw of this small Texan community is its outstanding walkability score of 87 out of 100.

Median home price: $264,900

Muskegon is one of Lake Michigan's hidden gems. It offers many of the delights of a beach destination without the price tag. If you enjoy keeping active, you'll love the many hiking trails and opportunities to enjoy sailing on the lake. The town also has historic homes, an art museum, and plenty of excellent restaurants.

Median home price: $224,000

Stunning architecture and amazing hospitality are just two of the many draws of this gem of a Southern town. Montgomery is steeped in history, offering numerous tours and day trips that cater to retirees. Even better, Montgomery consistently ranks as a safe, affordable place to live.

Median home price: $199,900

New York can be an affordable retirement destination. You just need to know where to look. Home prices in Rochester are very reasonable, and the town has plenty to offer its senior citizens. There are arts venues and museums to explore, as well as plenty of opportunities to walk around the city's green spaces, notably Highland Park.

Median home price: $206,134

Another larger city with a relaxed feel, Oklahoma City has it all: history, culture, and a vibrant restaurant scene that's suitable for people of all ages. 

Take a boat trip on the Bricktown Canal or have fun at the National Cowboy & Western Heritage Museum. For such a fun and polished location, Oklahoma City's housing market is easily accessible on a $300,000 budget.

Median home price: $170,000

If you want a friendly, tight-knit community and a laid-back, small-town feel, Danville could be perfect for your retirement. 

Danville's senior population is growing, and its roster of events and amenities catering to retired residents is expanding. And if you like socializing and great river views, head to the River District for dinner.

Retiring with a home budget of $300,000 is perfectly achievable, but you may need to cast your net beyond traditional retirement destinations if you want to set yourself up for retirement without risking financial stress.

Unsure of where to begin? Start by researching the cost of living in different states, which is readily available online. States with lower cost of living typically have more affordable homes.