Virginia 55+ active adult communities & homes for sale

No, Virginia does not tax Social Security benefits. Active adults can deduct their entire taxable Social Security amount from their state returns. Additionally, Virginia is highly attractive to veterans, as the state completely exempts up to $40,000 of military retirement pay from state income taxes, alongside providing a standard retirement income deduction of up to $12,000 for residents age 65 and older. At the time of this writing, that $12,000 deduction is income-tested and phases out above $50,000 in adjusted federal AGI for single filers and $75,000 for married filers. Verify your specific situation with a tax professional.

The most competitive real estate hubs for active adults include the Richmond Metro, the Washington D.C. Metro (Northern Virginia), Historic Williamsburg, Fredericksburg, and Charlottesville.

Yes, several communities start well below the state's average 55+ listing price of about $558,108, though homes under $200K are rare. Falls Run in Fredericksburg offers homes in the $200Ks to $500Ks, and Lansdowne Woods of Virginia in Lansdowne offers condos in the same range. For new construction, The Vineyards at Hallstead Reserve in Suffolk has attached homes in the $300Ks to $400Ks.

Virginia's 55+ communities are open to all qualifying buyers, and the state's tax rules give veterans and military retirees a strong reason to look here. Virginia exempts up to $40,000 of military retirement pay from state income taxes regardless of age and does not tax Social Security benefits. Many military retirees settle in Hampton Roads, while Northern Virginia keeps buyers close to the Pentagon area and D.C.

Yes. In Northern Virginia, Heritage Hunt in Gainesville, Potomac Green in Ashburn, and Birchwood at Brambleton in Ashburn keep residents within reach of D.C.-area employers. The Richmond metro offers a second job market, with CrossRidge in Glen Allen and Mosaic at West Creek in Goochland.

Of the 157 55+ communities in Virginia, 151 are for sale and 6 are rentals. By size, there are 8 large communities with over 1000 homes, 10 medium communities with 500-1000 homes, and 137 small communities with less than 500 homes.

The smallest 55+ communities in Virginia has 10 homes, the largest has 3250 homes, and the average communities consists of 263 homes.

Yes, there are new 55+ homes available in Virginia. The most recent communities started in Virginia include Fenton Hollow, The Flats at Heathcote Village by Del Webb, Independence Square Garage Townhomes. There are also 72 communities in Virginia that offer new construction homes, including Walnut Farm, Belmont Bay, Havenwood Villas.

Yes, there are gated 55+ communities in Virginia. Approximately 23.6% of 55+ communities in the area are gated. For instance, Spring Hill is a gated communities with 282 homes, and Barley Woods is another gated communities with 124 homes.

On average, listings in 55+ communities in Virginia stay on the market for around 410 days. The average price of homes for sale in these communities is approximately $550,258, though prices can range widely based on the size, location, and amenities of the communities. For example, homes in Regency at Belmont average around $1,050,165, while homes in New Town average around $528,437.