Here’s Where Retirees Will Want to Live in 2016

You’ve had your career and raised your family, and now it’s time to kick back and take it easy. Congrats, you’ve made it! You could probably stand to downsize now—and that’s making you one of the primary movers and shakers of 2016’s real estate market.

People aged 65 to 74 are expected to make up the third largest home-buying segment in 2016 (after millennials and Gen Xers), according to realtor.com® projections. This age group represents the oldest five years of the baby boomer generation and the youngest five years of the so-called silent generation. Last year, this group represented 14% of home buyers—as these members retire, they look to slash costs.

Since most of these retirees are already homeowners, they’ll be selling as well as buying—likely in the spring. And they’re already looking. Unlike first-time buyers overwhelmed by options, they know what they want: new construction and the ability to customize their home to get what they want. After all, they’ve earned it.

Our data team identified 10 markets that we expect to see the most retiree buying activity in 2016, due to retirees’ large share of the population as well as the market’s rapidly rising home values. Then, we crunched some numbers to figure out what kind of budget this group might be working with—since many retirees are on a fixed income.

Check out our senior-friendly picks below.

1. Boston, MA

Median household income (for 65- to 74-year-old head of households in 2015): $56,066

Maximum affordable home price: $235,952

7 Cass St

Details: 2 bedrooms, 1 bathroom, 845 square feet

Price: $225,000

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2. Sacramento, CA

Median household income: $54,929

Maximum affordable home price: $252,359

3164 Swallows Nest Dr

Details: 2 bedrooms, 2 full and 2 half bathrooms, 1,268 square feet

Price: $240,000

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3. San Diego, CA

Median household income: $58,535

Maximum affordable home price: $265,073

5472 Adobe Falls Rd Unit 10

Details: 2 bedrooms, 2 bathrooms, 1,144 square feet

Price: $259,900

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4. Sarasota, FL

Median household income: $52,792

Maximum affordable home price: $228,825

3746 82nd Avenue Cir E Apt 105

Details: 3 bedrooms, 2.5 bathrooms, 1,661 square feet

Price: $229,000

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5. Fort Myers, FL

Median household income: $53,255

Maximum affordable home price: $233,047

9618 Hemingway Ln Apt 3901

Details: 2 bedrooms, 2 bathrooms, 1,797 square feet

Price: $229,900

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6. St. Louis, MO

Median household income: $47,647

Maximum affordable home price: $207,189

1270 Strassner Dr Apt 3411

Details: 2 bedrooms, 2 bathrooms, 1,127 square feet

Price: $209,900

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7. Virginia Beach, VA

Median household income: $56,760

Maximum affordable home price: $259,780

1085 Grand Oak Ln

Details: 3 bedrooms, 2 bathrooms, 1,800 square feet

Price: $252,000

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8. Tucson, AZ

Median household income: $49,718

Maximum affordable home price: $230,802

12745 N Running Coyote Dr

Details: 2 bedrooms, 2 bathrooms, 1,550 square feet

Price: $227,000

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9. Atlanta, GA

Median household income: $49,178

Maximum affordable home price: $222,902

4810 Ivy Ridge Dr SE Unit 102

Details: 2 bedrooms, 2 bathrooms, 1,828 square feet

Price: $225,000

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10. Knoxville, TN

Median household income: $42,512

Maximum affordable home price: $202,387

1541 Frosty Way

Details: 3 bedrooms, 2 bathrooms, 1,890 square feet

Price: $199,900

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