Archive for June, 2011

Metro DC as a First Stop

Many military retirees are selecting the Washington DC area as their first retirement stop after completing their service. The job market is among the very best in the nation, there are abundant military bases for retiree services and health care, and there is an abundance of activities to choose from.

Washington D.C. Zillow Home Value Index

All of this makes Washington a popular spot for many people, and that has kept housing prices high. So where can a military retiree stake a claim in this high priced city? Should you buy or rent?

In my mind renting makes a lot of sense if you are relocating to DC for the first time. If on the other hand you’re familiar with DC you know that prices have come down in many areas, and there are bargains to be found in the region.

Categories: East

Inexpensive Areas to Purchase a New Home

Marketwatch recently posted a story listing ten cities that feature some of the lowest priced real estate in the county. Those cities were:

    • Niagara Falls NY
    • Riverdale, GA
    • Coolidge, AZ
    • College Park, GA
    • Detroit, MI
    • Hastings, FL
    • Cleveland, OH
    • Lithonia, GA
    • Trotwood, OH
    • Sioux City, IA

For retired military members, these cities can be an option, but some are better than others. If you pair low real estate costs with availability of military facilities for health care, commissaries, and fitness centers, then you have a real opportunity to live well on a retired paycheck.

So I offer suggested alternative cities that have similarly priced real estate, but have better access to military facilities.

I welcome your impressions of these cities and your recommendations for locations for military retirees to consider when deciding on where to live.