Realtors Claim These 8 Popular Retirement Areas May Be Undervalued

Relocating in retirement can be a smart financial move, especially for those seeking both affordability and quality of life. "People are looking for places where they can age comfortably," says Nadia Evangelou, National Association of REALTORS® Senior Economist and Director of Real Estate Research. "These aren't just seasonal or part-time moves; people are buying homes with the intention to age in place."

And while moving to a more affordable area can free up your budget and create opportunities to build wealth, buying in an undervalued market may offer retirees instant equity if prices rise. As such the real estate agents we spoke with said that these under-the-radar towns are ones to watch thanks to the way they combine charm, amenities, and long-term potential.

The Mountain State's capital offers an appealing mix of natural beauty, cultural amenities, and affordability that's attracting a growing number of retirees. Charleston provides access to quality healthcare and a variety of museums, galleries, and events, all set against the backdrop of nearby state parks and mountain landscapes.

According to Evangelou, about 40% of out-of-state buyers in 2023 were 65 or older, reflecting Charleston's growing appeal as a retirement destination. With a median home value around $190,000 and West Virginia in the process of phasing out its Social Security tax, retirees can enjoy both a rich lifestyle and greater financial flexibility.

This Middle Tennessee city is an underrated retirement gem — especially for those looking for a smaller-town feel. Cookeville boasts a cost of living 9% lower than the national average, and the median sale price was around $330,000 in May 2025. Additionally, Tennessee Tech University is a strong cultural and economic anchor.

"The industry and infrastructure here are constantly growing and improving," says Lindsay Castelli, a REALTOR® with Crye-Leike. "Our downtown is very walkable with safe sidewalks, our parks are newly renovated, and we have lots of festivals, fairs, and events."

Those looking for coastal charm without the Wilmington price tag might consider New Bern. It's a certified retirement community, which means it's been recognized for providing the amenities and opportunities retirees desire in their golden years. That includes affordability — according to Zillow, the average home value is around $276,000.

Property taxes are also lower than the state and national averages, so retirees can get more bang for their buck in New Bern. While affordable now, New Bern home prices are gradually increasing year over year. Now might be a smart time to move before prices skyrocket.

Located in the heart of Hill Country, Kerrville has quietly emerged as a retirement destination. Just an hour from San Antonio, it offers access to big-city amenities while maintaining a slower, more affordable pace of life. The cost of living is about 10% below the national average, and the median sale price was $362,597 in May 2025, making it a more budget-friendly alternative to larger metro areas.

Kerrville's location along the Guadalupe River provides ample opportunity for outdoor recreation, including kayaking, boating, and fishing. With a low crime rate and reputation for safety, it appeals to retirees seeking both tranquility and community.

Kingsport offers retirees a scenic and affordable place to settle down. Known for its scenic landscapes and proximity to state parks and the Great Smoky Mountains, it provides plenty of opportunities for outdoor recreation, golf, and community events. With 23% of the population aged 65 and older as of 2023, Kingsport has a well-established senior community and the infrastructure to support it.

The average home value was just under $254,000 as of May 2025, according to Zillow. With a cost of living 16% below the national average, retirees can have significant flexibility in their budgets. For those looking to stay active and connected while keeping expenses in check, Kingsport strikes a strong balance.

According to Evangelou, nearly 23% of out-of-state movers in 2023 were 65 or older, and almost a third of them bought homes in Evansville. With a median sale price of around $200,000 in May, and a cost of living 6% below the national average, it's easy to see why.

Retirees can enjoy a high quality of life at an accessible price point in Evansville, whether they're looking for a single-family home or a community-oriented senior living option. And for those who want access to larger cities without the daily hustle, Louisville, Nashville, and St. Louis are all just a couple hours away.

A warm climate, coastal access, and rich cultural experiences make Brownsville an increasingly attractive option for retirees.

With a population of around 190,000 in 2023, it's large enough to offer amenities but still retains a relaxed pace of life. Located near the Gulf Coast, it provides easy beach access and year-round sunshine for those who enjoy spending time outdoors. The city has a strong Hispanic cultural influence, reflected in its historic sites, museums, and vibrant local arts scene.

"Nearly two-thirds of out-of-state movers who end up buying a home [in Brownsville] are in the age group 65+," says Evangelou, highlighting its rising popularity among retirees.

Often overlooked in favor of Missoula or Bozeman, Montana's capital has a lot to offer retirees. Helena has a vibrant historic district and downtown, ample access to outdoor recreation, and a highly rated regional medical center.

According to Realtor.com, the median sale price in Helena was around $367,000 in May — significantly lower than other cities. Those in search of a mid-sized city with adventure, amenities, and affordability should give Helena a closer look.

When it comes to retirement planning, affordability, value, and lifestyle are key. Whether you're drawn to natural beauty, cultural amenities, or a slower pace of life, these destinations provide strong quality of life at a lower cost.

It's also important to consider the tax implications of where you retire. Tennessee and Texas have no state income tax, while Indiana exempts Social Security benefits, helping retirees stretch their savings further. On a fixed income, these financial advantages can make a meaningful difference in maintaining a stress-free retirement.