4 Housing Markets Where Boomers Should Consider Buying Property Now That Trump Will Be President
Written by
Marc Guberti
Edited by
Amber Barkley
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President-elect Trump’s previous term and statements leading up to his next presidency suggest that interest rates may get lower. For example, any waste that the Department of Government Efficiency can trim could help to keep rates low. Furthermore, tariffs could increase the cost of building a new home, thus increasing housing prices.
Real estate investors can use this opportunity to accumulate more properties. However, boomers who are looking for affordable options can also find promising housing markets on this list. These are some of the markets boomers should consider.
Murfreesboro, Tennessee
Joe Hafner is the owner and founder of Hafner Real Estate. He specializes in middle Tennessee real estate and has been involved in more than 1,000 real estate transactions. He recommended two housing markets that are just outside of Nashville. His first recommendation is Murfreesboro, which is one of the fastest-growing cities in the U.S.
“With people from all over the country still moving to Murfreesboro in large numbers, residential real estate remains an investment as solid as they come,” Hafner said.
Average home values in Murfreesboro are up 2% compared to last year and about 50% higher than five years ago.
“This makes buy-and-hold price appreciation the focal point for most investors,” Hafner explained. “However, with a median sales price under $500,000, many investors are also able to find a rental property with decent cash flow.”
Mount Juliet, Tennessee
Hafner also suggested Mount Juliet as a promising housing market for boomers, whether they’re real estate investors or just want to relocate.
“Mount Juliet, located east of Nashville in Wilson County, has become a hotspot for folks moving to Middle Tennessee who don’t want to live in Nashville and Davidson County,” he said. “In the past five years, Mount Juliet home values have risen close to 55%.”
He said most of Middle Tennessee, including Mount Juliet, is best for “buying and holding” — meaning purchasing a house either to live in or as a long-term investment.
“Mount Juliet’s housing market has shown its resilience in the past,” he added. “During the Great Recession, Mount Juliet more than held its own in sales volume and property value compared to other Middle Tennessee communities.”
Louisville, Kentucky
Boomers can find several midwestern cities that offer reasonable housing prices and plenty of things to do. Louisville fits the bill with the Kentucky Derby, Kentucky Exposition Center and plenty of outdoor activities. Louisville’s metro population increased by 0.9% in 2024.
You don’t have to be a real estate investor to make a lot of money in this city. Some homeowners rent their places during the Kentucky Derby and make well over $1,000 per day. Boomers looking to retire can use the Derby rental season to pay off multiple mortgage payments.
They will also have access to more affordable home service providers relative to the prices in coastal cities.
Clearwater, Florida
Clearwater is renowned for its beaches and is a popular destination for boomers. More than a quarter of its residents are boomers. The city has many affordable properties, especially if you include mobile homes and condos in your search. You can find plenty of properties right by the beach for less than $1 million, and some of them even cost under $500,000.
This city is an affordable option in Florida that lets you escape the cold winters that you’ll find farther north. Furthermore, Clearwater is just outside of Tampa, another destination that has been attracting plenty of boomers.
Editor’s note on political coverage: GOBankingRates is nonpartisan and strives to cover all aspects of the economy objectively and present balanced reports on politically focused finance stories. You can find more coverage of this topic on GOBankingRates.com.
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