Trends in Senior Home Buying Habits

by | Apr 17, 2024

Retirees Relocate For Financial Boost

As adults approach retirement age, many begin to consider moving. Retirees move for a variety of reasons: a desire to be closer to family, a more temperate climate, a new culture experience, a different city, a community of other retirees, a smaller home, and the list goes on and on. Others want a change of pace, or easier access to medical care. While there are many motivations behind post-workforce relocations, one compelling factor consistently tops the list of move motivators for retirees: the pursuit of financial benefits.


  • Approximately 80% of those aged 60 and above are homeowners
  • Almost 50% have their wealth invested in real estate

These insights become particularly poignant when considering the trend to sell and relocate in retirement, often for financial boost.

Ways to create a financial boost:

  • Move to a more budget-friendly housing market
  • Use profits to bolster income from pensions, retirement savings and social security benefits
  • Transition to a more affordable home to potentially reduced property taxes
  • Look for states with income tax breaks for seniors
  • Some states offer a no income tax break for retired civil servants (Hawaii)

As a Senior Real Estate Specialist (SRES), I find real satisfaction in helping my senior sellers and buyers make that all-important move! I have the resources required to work through the process of preparing a home for sale, from cleaning out decades of collected memories, to a refresh of the home and landscaping, to packers and movers. And, as an ex-Californian, I understand and can provide guidance and resources to those moving to the island, livestock and all!

By providing a calm and confident approach to the monumental process of making a move, my clients come through on the other side equipped to enjoy the next phase of their journey!


FYI: Hawaii ranks the lowest of all 50 states! $1M will last 10.3 years compared to Mississippi at 22.7 years.

Source: The SRES Professional Magazine, The National Association of RealtorsĀ®, 2023

What Clients Are Saying

“Jen was very proactive in all aspects of selling our property and found contractors to keep the property looking good throughout the listing period. She also provided advice throughout the process and was very helpful in getting the transaction done at a distance (we were on the mainland throughout the process). Her knowledge of the Hamakua Coast was very helpful in helping prospective buyers understand the regulatory and practical issues associated with shoreline properties.”

Read Testimonials