Editor’s Note: Recently, MoneyWise revealed its list of the 40 most frugal and friendly places to retire. In a bid to provide an idea of what housing inventory is available in these cities and towns, we’re taking a look at listings in each of the cities on the list.
Not everyone can spend $1 million or more on a second home, even if it’s with the idea that eventually you’ll retire there. So when MoneyWise’s list of 40 places to retire that are more budget-friendly came out, we were curious — what kind of homes could you find in these towns?
Last week, we looked at the 31st city on the list — Mobile, Alabama. This week, we look at Evansville, Indiana, and found three great homes — all for less than $500,000.
“This is a fairly small city with a population of approximately 120,000, and the cost of living is very low,” MoneyWise said. “An income of $35,000 will get you a comfortable lifestyle here. The climate is subtropical, meaning that summers are hot but winters are blissfully mild.”
“With more than 15 healthcare centers in the city, you’ll have peace of mind and all the doctors and hospitals you’ll need in your old age.”
Want to see examples of what you can find in Evansville? Let’s jump!
Downsizer Friendly North Side Cottage
If you’re looking to both downsize and have money for travel, this two-bedroom, one-bath home in Evansville’s North Side might be the ticket. Although she’s tiny, the home feels larger thanks to an open floor plan and tons of natural light.
The living room features a brick floor-to-ceiling fireplace, and the generous eat-in kitchen has crown-topped cabinetry, chair rail, and a large dining area.
Both bedrooms have large closets, and the full bath is just the right size. Laundry facilities are tucked away in a closet.
Outside, a large backyard provides plenty of entertaining space, and a detached garage is there for storage.
The home is listed by Marc Hoeppner with F.C. Tucker Emge Realtors.
Charming Tudor With A Lot of Bang For the Buck
Over on the west side of Evansville, there is an adorable Tudor with plenty of living space for the price, with five bedrooms and two-and-a-half baths.
A spacious foyer leads to a large living room with gorgeous flooring, large windows, and a gas fireplace. The kitchen offers tiled floors, ceramic counters and backsplash, and an eat-in dining area. A sunroom is accessible from the kitchen and living room.
The main level also has two bedrooms, a full bathroom, and a formal dining room. Upstairs there are three more bedrooms and another bathroom. A partially finished basement provides plenty of storage space, a laundry room, and bonus space.
The home is listed by Trae Dauby with Keller Williams Capital Realty.
Stunning Contemporary Overlooking a Lake
If your idea of retirement sounds like a peaceful sanctuary overlooking a lake, then our last home is for you. This 3,333 square foot Contemporary boasts a wall of windows that gives you a perfect view of the 5-acre lake.
On the first level, an open living room and dining room provides access to a Florida room, and boasts newly-refinished hardwoods. The Florida room leads to a multi-level deck. The spacious kitchen is built for even the most serious cook, with Fehrenbacher cabinets, commercial-grade appliances, and a breakfast nook that opens to the deck.
On the second level, three bedrooms, two full bathrooms, a den, office, and laundry room provide plenty of space for guests and entertaining. The master suite is just eight steps from the second level and is truly a retreat, with a private deck, European-style master bath, and two large closets.
A partially finished basement might be a playroom, or it could just be additional storage, or even a potential man cave.
The home is listed by Becky Kasha with Next Home Hahn Kiefer Residential.