Real Estate For Retirees In Washington State

If you’ve decided to make the move to the land of evergreens, you’ll need to learn about real estate for retirees in Washington state.

Real Estate in Seattle
Many people who live in the city of Seattle opt to rent apartments instead of owning their own residences. If you choose this option, you’ll be able to live in the heart of the city without spending a huge sum on a home or townhouse.

As of 2011, monthly rates for single-bedroom apartments ranged from $500 to $5,000, depending on the amount of space required and the type of neighborhood.

Condos and townhouses were available for purchase between $113,000 and $800,000.

If you’re set on owning a house in Seattle, you’ll have to pay the price. In 2011, the median average list price for homes was $350,000, while the median sale price topped that at $370,600.

Real Estate in Greater Puget Sound
Homes in other parts of Greater Puget Sound tend to be less expensive than homes in Seattle. In Tacoma, you could find a single bedroom apartment to rent between $450 and $850 in 2011. That same year in Bellingham, on the opposite end of the sound, you could find a similar situation for $450 to $1,200.

Houses in Tacoma in 2011 were less expensive than their Seattle counterparts, with a median list price of $170,000 and a median sale price of $181,000. Bellingham median list prices were more expensive, at $250,000, with a similar median sale price of $249,300.

Real Estate in Spokane
If you’re interested in living in the eastern part of the state it’ll save you money. Most new residents and retirees choose to reside in the western part of the state, which drives down real estate prices in the east.

In 2011, it would cost between $500 and $2,000 to rent in the Spokane area.

Median list prices for houses in greater Spokane in 2011 were less expensive than homes in Puget Sound, at $150,000. The median sale price was $128,300.

Housing costs may not be the only factor driving your relocation decision. You may also want to address climate considerations for retiring in Washington state. If you’re looking for a warmer oceanic climate, you’ll be drawn to the western part of the state, whereas a dry, semi-arid climate can be found in the east.