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 38th city on the list — The Woodlands, Texas. This week, we look at Torrance, California, and found you could find a great selection well within the mid-$300,000 range to just slightly more than the median price of $600,000.
So why is Torrance on the list? In short, it’s close to Los Angeles, but provides that smaller community feel that some might desire, the publication said.
“If you like the idea of living near Los Angeles but would prefer living in a smaller community, Torrance could be just the place you’re looking for!” MoneyWise said. “This town is home to California’s famous sunny weather and promises easy access to nearby beaches.”
“It’s a little pricier than some of the communities we have listed so far, with a median home value of $600,000,” the piece continued. “Median household income is just below $80,000. With 15 healthcare centers, Torrance is a good place for medical care.”
While we can’t get you amazing views or ocean sightings in this price range (that’s going to cost you a bit more), we do have three options.
LOCK-AND-LEAVE, BUDGET-FRIENDLY CONDO
At $369,000, this fully-remodeled condo may be cozy, but it’s also a great lock-and-leave option for snowbirds who prefer the West Coast to Florida or the Gulf Coast.
A new shower, new hardwood floors, paint, and brand-new stainless steel appliances make this nearly turnkey. Higher ceilings and an open floor plan make great use of the smaller space, and the two bedrooms are generously sized for the square footage. (more…)