20 Retirement Communities With Homes Under $100,000
There is no shortage of pricey retirement communities across the United States. Yet believe it or not, it is still possible to get a decent place for $100,000 or less. You'll have to pay for shiny and new (although sometimes it's possible to sneak in under $100,000 with a smaller unit in a brand-new building or community). However, there are a number of oldies but goodies out there -- age-restricted, 55-plus developments built in the '60s, '70s, and '80s that are still going strong and offer a wider array of less expensive units. To put together this list, we spoke with brokers in Florida, Arizona, and Pennsylvania and scoured real estate listings and websites.
This 437-home community is located in Toms River, near the Jersey coast. There are a number of one- or two-bedroom home styles to choose from. A two-bedroom, one-bath brick ranch was recently available for $57,900, and a one-bedroom, one-bath ranch was on the market for $54,900.
Near Wilmington in Hampstead, Coastal Plantation has a clubhouse, stocked fishing pond, swimming pool, and biking and walking trails. A 1,500-square-foot, two-bedroom ranch recently sold for $93,900.
This Spring Hill retirement community, built in 1982, offers a country-club-like atmosphere. Pine Hill has 3,452 homes, split between single-family and attached, villa-style homes. While most sell for well over $100,000, it is possible to buy in below that number, as well.
Related: The Best of Florida on a Budget