Home                   Vol  V    Issue 28           July 19, 2010                Previous Issues

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Antebellum Architecture, a Mellow Lifestyle, an Affordable Cost of Living and an Appealing Lake Culture are Reasons Why a Eufaula, Alabama Retirement Beckons

Cost of Living:  Below the National Average

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Nestled in the southeastern corner of Alabama, along the Chattahoochee River and overlooking a 45,000-acre reservoir, the historic town of Eufaula (population 13,500) is an undiscovered gem.   In 1816, this quiet hamlet was settled on rich, fertile land that once belonged to the Creek Indians, and it became a prosperous trading center before the Civil War.  When the War came, Eufaula was spared, and today its bounty of ornate antebellum homes lend an aura of elegance.  Combine this with a mellow lake culture, and easygoing lifestyle and Southern charm, and it is easy to see why many people choose Eufaula for retirement.  The population is ethically diverse, and 37% of the people who live here are age 45or better.

 

For all of its selling points, Eufaula's best one may be that it offers a high quality of life at an affordable price.  It is a quiet oasis in a hectic world and has a cost of living roughly 20% below the national average.  The median home price for a single family home is just $130,000, also well below the national median.   A few single family homes are for sale for less than $100,000, but inventory opens up in mid-$100,000s.  Very nice larger dwellings, in the 2,500 to 3,000 square foot range, can be found in the high-$100,000s.   Country club homes start in the low-$200,000s, and renovated historic homes are generally priced in the $300,000s.   Lakefront single family homes typically start in the high-$300,000s, but a few lakefront condominiums and mobile homes on private land can be found for sale in the $200,000s.  

Apartments are few, but there are six mobile/manufactured home parks, including Grandview Mobile Home Park and Cedar Grove Mobile Home Park, in and around town.  None are age-restricted.

 

Eufaula property is taxed at a rate of 44 mills (.044), and real estate is assessed at 20% of its fair market value.    Homeowners 65 and better are exempt from all county property taxes, and a homestead exemption of up to $5,000 of assessed value on real property is granted to all residents.  A larger exemption is available to persons over 65.   Without exemptions, the annual property tax on a $130,000 home is approximately $1,145.  Social Security, military, civil service, state/local government and qualified private pensions are exempt from state tax.  Overall, Alabama has one of the lowest tax burdens in the country.

 

Eufaula, Alabama

 

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This is an interactive map.  Click on the arrows in the upper left hand corner to navigate the map and click on the +/- signs to zoom in and out.

Walter F. George Reservoir, south and east of town and navigable to the Intracoastal Waterway, is known as Lake Eufaula by locals and as the "Big Bass Capital of the World" by others.  With 640 miles of shoreline, the lake is the recreation center in the area and draws water skiers, boaters, picnickers, sailors, and of course, fishermen and women.   It is also true that alligators enjoy the lake.  Just something to keep in mind.   Nearby Lake Point State Park provides even more recreation venues, including tennis courts, picnic areas, rental cabins and hiking trails.  Birders and hikers also enjoy the 11,000-acre Eufaula Wildlife Refuge, home to several endangered bird species and located on both sides of the Chattahoochee River.  For golfers, Eufaula has three courses, one private (Eufaula Country Club) and two public.

In 1834, Eufaula's four main downtown streets were named Livingston, Orange, Randolph and Eufaula, creating the acronym LORE, and today the Seth Lore and Irwin Historic District has more than 700 structures on the National Register of Historic Places.   Included are the 1884 Shorter Mansion, an outstanding example of Neoclassical Revival architecture, and the 1854 Creek Revival Couric-Smith house (which once belonged to CBS television anchor Katie Couric's great-grandfather).  A favorite historic building is the Old City Jail, which was originally divided into two cells - one for men and one for, yes, “women and lunatics."   Each year the Eufaula Heritage Association sponsors the town's biggest event, the Eufaula Pilgrimage and Antique Show, and a tour of the town's oldest and most impressive homes.  

 

 

The Medical Center Barbour (Lakeview Community Hospital) is licensed for 74 beds and is Eufaula's primary medical facility.  It underwent a major renovation project in 1998 and has a 24-hour emergency department, surgical services, acute care services, an ICU and a cardiopulmonary department.  It meets the national averages in nearly all areas, and both Medicare and Medicaid are accepted.   MCB also manages two independent living facilities.

The Eufaula Senior Center is operated by the Southern Alabama Regional Council on Aging  (SARCOA) and is open Monday through Friday.  Services include scheduled transportation, recreation activities, health workshops, potlucks, holiday events and home delivered meals.   The Eufaula Community Center is a popular gathering spot for many retirees as well.  It sports racquetball courts, a swimming pool, an exercise room, walking and running tracks and meeting rooms.  The 106 year old Eufaula Carnegie Library, with its gabled portico and stained glass windows, offers Internet access and is a relaxing place to spend an afternoon.  The crime rate meets the national average.

 

Eufaula is off the beaten path and has the ambiance that only an authentic, small Southern town can have.   Moss draped trees line quiet streets.   Stately neighborhoods with elegant pre-Civil War mansions evoke an earlier era.   Springtime dogwoods, magnolias and azaleas paint open spaces and parks in pink and white.    Homemade sweet tea is sipped on front porches.    Time flattens during languid summer days.   Residents help out a neighbor when needed, and old fashioned values are cherished and preserved.

The climate is sub-tropical with hot summers (temperatures in the 90s), mild winters (temperatures in the 40s, 50s and 60s) and plenty of rain (nearly 70 inches per year).  The average relative humidity is 72%.  The air quality and water quality are both well above the national averages.  The chance of a tornado is significantly above the national average as well.

Shopping is a bit limited, but there is a Wal-Mart.  Dining options consist primarily of family-style restaurants, fast food joints and cafes.   Wallace Community College offers vocational subjects, and  least 67 churches can be found (most are Baptist).  There is no public transportation.  

There are a few drawbacks to retirement in Eufaula.   Cultural amenities are not the town's strongest suit.  Getting here takes a little time and patience (the closest interstate highway is 50 miles away and the closest sizeable city, Dothan, Alabama with a population 65,000, is 45 miles away).   Summer weather is sticky (some might say oppressive).  The population is declining rather than growing, and the poverty rate is above the national average. 

For those seeking a quiet, Southern retirement, however, Eufaula entices.  In many ways, time here seems to have stood still, and life carries on at a leisurely pace.   And to many people, this is exactly what retirement is supposed to be.

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