- Metro areas with a lower cost of living and sunnier weather are poised to see an increased number of baby boomers moving in and buying a home as some delay retirement and remain participants in the labor market
- Boise, Idaho and Raleigh, North Carolina were identified as top standouts for baby boomers for their solid job growth, share of self-employed workers and affordable home prices.
- The share of men and women working after their 65th birthday has increased, setting the stage for elevated baby boomer buying activity in metro areas with a dynamic local economy, adequate housing supply and a lower cost of living.
- NAR’s research reviewed 100 metro areas that have lower state taxes, solid job market conditions, and strong migration patterns (on a percentage basis) of baby boomers moving to that particular area to determine which housing markets are likely to see a boost from this generation. Cost of living, housing affordability and inventory availability were also considered.
- Infographic: Top Five Metro Areas for Baby Boomers
- Table: Top 100 Markets for Baby Boomers
- Table: Taxes by State
- Housing Affordability Index
- Table: Top Ten Markets for Baby Boomers
- Report: Home Buyer and Seller Generational Trends
- News release: NAR Identifies Top Metro Areas Poised for Uptick in Baby Boomer Home Sales