The real estate downturn has turned some very popular retirement destinations into bargains. To determine where the prices are most attractive, U.S. News & World Report examined price-to-income data for 384 metropolitan statistical areas. This expresses the relationship between owner income and home values.
Here are 10 retirement havens where homes are most affordable by this measure:
1. Bend, Ore.
2. Napa, Calif.
3. Fort Meyers, Fla.
4. Fayetteville, Ark.
5. Las Vegas
6. Santa Fe, N.M.
7. Punta Gorda, Fla.
8. Phoenix
9. Santa Cruz, Calif.
10. Burlington, Vt.
Source: U.S. News & World Report, Luke Mullins (07/08/2010)