The WoodlandsEditor’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 39th city on the list — Cape Coral, Florida. This week, we look at the first Texas spot on the list —  The Woodlands, and found you could find a great selection well within the $300,000 to just shy of $500,000 range.

Why The Woodlands?

“This community of approximately 100,000 is a well-kept secret for retirees,” said Moneywise. “The Woodlands offers excellent housing and a low cost of living. The median rent is $1,300, and median home prices are around $300,000.”

“This town has very low crime, and the weather is lovely and warm,” it adds. “The Woodlands’ proximity to Houston gives you access to quality health care just a short drive away.”

So what can you get for less than $500,000? Let’s take a look.

RENOVATED MEDITERRANEAN CLOSE TO AMENITIES

Price: $319,000

At the lowest end of our price point, this custom home in the coveted Grogans Mill neighborhood is also — bonus — in a golf course community. (more…)