A Retiree Niche May Be Profitable Here

Homeownership continues to be an important part of many Americans’ retirement plan. So where is homeownership in retirement seeing some of the biggest growth?

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Six of the 10 cities where retiree homeownership is rising the fastest are located in warm weather climates, a new analysis by SmartAsset shows. Their research looked at cities with populations of greater than 50,000 and measured the percentage change between the 2006 retiree homeownership rate and the 2015 ownership rate. From there, they ranked the cities seeing the biggest change in percent growth.

The following are the fastest rising hot spots for retiree homeownership:

1. New Orleans
2. Naperville, Ill.
3. New Haven, Conn.
4. Laredo, Texas
5. Bellevue, Wash.
6. Hollywood, Fla.
7. Cary, N.C.
8. Anchorage, Ak.
9. Santa Ana, Calif.
10. Jackson, Miss.

View the full list of 25 cities at SmartAsset.

Source: “Cities Where the Retiree Homeownership Rate is Rising Fastest,” SmartAsset (Feb. 21, 2017)