Wichita Falls Offers A Lot For Your Retirement Buck, Says MoneyWise

MoneyWiseEditor’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 30th city on the list — Evansville, Indiana. This week, we look at Wichita Falls, Texas, and found three great homes — all for less than $400,000.

Photo courtesy Wikimedia Commons

The nightlife is surprisingly vibrant in this small city of 100,000,” MoneyWise said. “You will also find warm Texas weather and a low cost of living in Wichita Falls. ”

“The median income is $44,000, and the town is a two-hour drive from Dallas. The town is relatively safe and there are two local hospitals and ten healthcare centers.”

Want to see examples of what you can find in Wichita Falls? Let’s jump! 

Cozy Bungalow You Can Make Your Own

Price: $70,000

If you’re all about downsizing and plan to get your Marie Kondo on upon retirement, this 962 square foot bungalow is perfect, and with a price point less than $100,000, you can also fit a fair amount of globetrotting to your retirement plans.

While there’s little information from the Realtor on this house, at that price point, you can afford to fix anything you don’t care for, perhaps updating the bathrooms, for instance, and even potentially combining two of the three bedrooms to make a larger space.

But if you’re thinking compact and lean for your retirement, there are actually several homes currently listed that are at this price point, ready for a little bit of sprucing up.

This home is listed by Alicia Ayers with Briko Realty Services.

Midcentury Rambler With A Travel-Friendly Price Point

Price: $189,900

If you need a little more space and updates than our first option, but less space than our third, and you also have the travel bug, our second option may be for you.

The Midcentury Rambler has been completely updated recently with tile and carpet flooring, kitchen updates, bathroom updates, and more. The 2,141 square foot, three-bedroom, two-bath home has plenty of space for hosting the grandkids, but is still small enough to be considered manageable for those desiring to age in place.

A detached garage can be used as bonus space, or a garage, and there is a carport that will cover four or more cars. Have a desire to travel the U.S. highways as part of your retirement? There’s RV parking as well, which could also provide bonus guest space.

The home is listed by Ann and Denny Bishop and Ashton Gustafson with Bishop Realtor Group.

Country Club Living For Less than $400K

Price: $369,000

Two hours from Dallas, more than 3,000 square feet and a pool, and less than $400,000? Our last entry in this week’s look at budget-friendly retirement spots was built in 1948, but has had major renovations since, including a series that began in 2012.

“It’s the perfect blend of Old World charm and modern updates,” said listing agent Tanya Ruff with Hirschi Realtors.

Wood floors throughout, several living spaces (so nobody’s fighting over the game, a rom-com, and the Nintendo when family comes to visit), and updated bathrooms have this three-bedroom, three-and-a-half bath home falling into that “more bang for your buck” category.

Add to that a beautiful kitchen and an apartment with a living room, kitchen, and bath, plus a pool and nice grassy backyard, and you’ve found a retirement spot that is great for one or two, but can definitely hold your entire family come time for the holidays.