HICKORY, NC (September 12, 2018) — The City of Hickory is ranked the No. 6 least expensive retirement town in America, according to a recent article by Realtor.com, a trusted real estate resource for home buyers and sellers.
According to the article, data analysts at Realtor.com “looked at the 500 largest metropolitan statistical areas, focusing on those where at least a quarter of the population is aged 60 and up and where the most folks in this age group moved to between 2011 and 2015.” Only markets with a significant number of Realtor.com listings with references to “retirement,” “aging in place,” “ground-floor master bedrooms,” and similar phrases were included in the study. Metros were then ranked by the total cost to pay down a 15-year mortgage on a median-priced home, assuming buyers would have a 20 percent down payment and a 5 percent mortgage interest rate.
“With an affordable cost of living and abundant amenities, Hickory continues to attract those seeking a high quality of life from all across the country. The City is proud to have become a sought-after destination for retirees, as well as other demographics,” said City Manager Warren Wood.
For more information about “America’s 10 Most – and Least – Expensive Retirement Towns,” please read the entire Realtor.com article at https://www.realtor.com/news/trends/america-most-least-expensive-retirement-towns/.