Top 10 Luxury Retirement Markets in the US for 2025: Data-Driven Insights

For retirees with substantial home equity and savings, purchasing a luxury property in a premium market is an achievable goal. Based on an analysis of cities with a median population age of 55-plus and significant growth in $1 million-plus home sales, specific markets are emerging as top destinations for high-net-worth retirees. This article outlines the top 10 luxury retirement markets in the US for 2025, providing key data and local insights to inform your decision.

What Defines a Luxury Retirement Market?

The methodology for identifying these markets focuses on areas where the demographic and real estate trends align with the preferences of affluent retirees. Economists analyzed cities with a median population age of 55 and older, looking specifically at the year-over-year growth in both the count and the share of homes sold for $1 million or more. This data-driven approach highlights locations where luxury real estate is not just present but is a growing, active segment of the market. Despite a broader national housing slowdown, the luxury sector has remained relatively active, offering buyers more inventory and a slightly less frenetic pace.

A Look at the Top 10 Luxury Retirement Destinations

The following list, derived from recent market data, is ranked by the share of total home sales that were $1 million or more.

1. Anna Maria, Florida: This 7-mile barrier island on the Gulf Coast saw a 61% increase in listings of $1 million or more. The community is actively rebuilding and recovering with beaches reopened after Hurricane Milton in 2024.
2. Pleasanton, California: Located about 40 miles east of San Francisco, this suburb offers a high quality of life and an 85.5% surge in million-dollar listings. The median sale price in 2024 was $1,650,167.
3. Isle of Palms, South Carolina: A coastal community near Charleston, this island saw a 77.3% rise in luxury listings. Retirees are drawn by golf, fishing, and a range of high-end housing options from single-family homes to condominiums (Condos).
4. Lawrence, New York: For those seeking an urban lifestyle, this village on Long Island provides a suburban feel with proximity to Manhattan. The 2024 median sale price was $1,947,333, with over 75% of homes listed for over $1 million.
5. Weston, Connecticut: About 45 miles from NYC, Weston is known for its arts community and a unique zoning "2-acre rule" that ensures large residential properties. It experienced a 74.40% increase in million-dollar-plus homes.
6. Jackson, Wyoming: Gateway to Yellowstone and Grand Teton National Parks, Jackson Hole attracts retirees with world-class skiing and natural beauty. The share of $1 million-plus homes was 62.60%, with a median sale price of $1,396,209.
7. Avon, Colorado: Nestled in the Rocky Mountains near Vail, Avon offers year-round activities. The median retirement age is 56.4, and the share of million-dollar homes was 60.7% in 2024 (median price: $1,366,859).
8. Hinsdale, Illinois: A sought-after suburb 20 miles west of Chicago, Hinsdale blends a small-town feel with luxury amenities. A local broker notes the desire for a "unique small-town feel" as a key draw for retirees.
9. Jamestown, Rhode Island: This coastal gem with a population of just 5,500 saw a 54.1% increase in luxury listings, offering historic charm and scenic beauty.
10. Cannon Beach, Oregon: Named one of the world's most beautiful places, this Pacific Northwest village saw a 51.8% rise in homes listed for $1 million or more.

Key Considerations for Buying a Luxury Retirement Home

When evaluating these markets, consider the significant regional cost differences. Based on our experience assessment, areas in the South may yield more value per square foot, while West or Northeast locales often command a premium. Furthermore, the current market conditions provide ample luxury inventory, giving buyers more options and time to make a decision compared to recent years. It is crucial to conduct thorough due diligence, especially in areas prone to natural events, to understand all associated costs and risks.

Final Takeaways for Your Luxury Retirement Plan

Purchasing a luxury retirement home is a major decision that extends beyond the sale price. Focus on markets that align with your lifestyle goals, whether that's beach access, mountain views, or proximity to a major city. The data shows active growth in these specific markets, indicating strong long-term appeal. Consult with financial and real estate professionals to ensure this investment complements your overall retirement strategy.