Prescott Ranked #8 Top Spot For Boomer Wealth in U.S.

Baby boomers are sitting pretty on $18-19 trillion in real estate wealth - nearly half of America's total housing equity. But where they're parking this massive pile of cash might surprise you.

Florida Dominates the Top Spots (Obviously)

But here's the kicker:  Prescott-Prescott Valley grabbed 8th place with $27 billion in boomer-held real estate wealth, making it a top metro outside Florida.

Why Prescott Appeals to Retiring Boomers

Arizona, as a state, is a popular destination for retirees, and the Prescott area offers a warm climate without the extreme heat of Phoenix or the humidity found in Florida. 

Even though we do have fires, insurance costs are generally lower than in Florida. Prescott also offers a variety of local activities and events all throughout the year, and is a great place for those who want to enjoy the outdoors and a mild climate year-round.

The Silver Tsunami Reality Check

Nearly 12,000 Americans turn 65 daily through 2027, but don't expect a housing flood. Almost half of surveyed boomers want to "enjoy my money while I'm still alive." UBS predicts this wealth transfer will take 20-25 years.

For the Prescott Area, that means continued demand from affluent retirees seeking lifestyle upgrades over pure investment returns.

Thinking of Retiring in Prescott?

Whether you’re drawn to the four mild seasons, historic charm, or active lifestyle opportunities, there’s no better time to start planning your move. Reach out today to explore the best neighborhoods, housing options, and resources Prescott has to offer—and let’s find the perfect place for your next chapter. Connect with The Middleton Team today.

Mike & Darby - Prescott Area Locals & Real Estate Agents at the Middleton Team