Retiring in Virginia? These Budget-Friendly Towns Offer Big Savings and Big Charm

Retiring in Virginia These Budget-Friendly Towns Offer Big Savings and Big Charm

It does not make sense to spend $900,000 on a quality and living house when money is getting harder to come by. Thankfully, Virginia’s October 2024 median house listing price was only $440,527.

Naturally, there are a number of towns with listings for homes under this price range.

Additionally, Social Security payouts are not taxed in Virginia. Additionally, it keeps sales and property taxes low.

Nonetheless, you want to have access to other essential facilities and be near a reputable hospital.

Find out which five Virginia towns are affordable for retirees, ranging from Bristol to Bridgewater.

An Overview Of Affordable Virginia Towns for retirees

CityMedian Home Price
Radford$315,500
Bristol$273,700
Woodstock$349,900
Abingdon$348,500
Strasburg$319,900

Radford

Radford is worth considering if you’re looking to retire in a bustling college town because it’s home to the 114-year-old Radford University.

In October 2024, the median listing price of a home in Radford was $315,500. This price includes easy access to Claytor Lake, where one may swim or fish, and the New River, as well as the services offered by the Radford Senior Center, such as fitness classes and monthly van trips.

The Mary Draper Ingles Trail, which commemorates the bravery and tenacity of a brave lady and her friend, particularly in the face of oppressive conditions, is one of the many parks where one can unwind and pass the time.

Another is the celebration of Radford’s Scottish heritage. Even though there are many young people living here, which is generally a good thing, just 12% of the population is 60 years of age or older.

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Bristol

The median listing price of a home in Bristol in October 2024 was $273,700, which is a difficult price range to locate in Virginia.

Known as “The Birthplace of Country Music,” Bristol is home to a number of landmarks and music festivals that preserve its musical heritage.

These include the 93-year-old Paramount Bristol, the region’s top performing arts venue, the Birthplace of Country Music Museum, and the Bristol Rhythm & Roots Reunion, one of the biggest music festivals in the Southeast.

With Bristol Regional Medical Center right outside your door, you may swim at South Holston Lake, play golf in the afternoon at Clear Creek Golf Club, or paddleboat at Steele Creek Park without worrying about access to healthcare.

Lastly, there appears to be a sizable support system in Bristol, as 29% of its citizens are empty nesters 60 years of age and older.

Woodstock

In October 2024, Woodstock’s median listing price for a property was $349,900. The oldest operational courthouse west of the Blue Ridge Mountains is located in the tidy town of Woodstock.

This lovely town is an outdoor lover’s paradise, from the Seven Bends State Park’s spectacular scenery to Woodstock Tower’s some of Virginia’s most expansive views.

The 73-year-old Shenandoah Memorial Hospital, the quaint farmhouse on the Muse Vineyard property, which might be a convenient romantic getaway, and Adam’s Apples & Herbs, which is well-known for its assortment of fresh fruits and vegetables.

Given that 19% of the population is Hispanic, Woodstock is a fairly diversified town. Additionally, one in four residents are 60 years of age or older.

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Abingdon

It’s the ideal place to retire, particularly if you enjoy the nostalgic charm of vintage items and locations. In October 2024, Abingdon’s median listing price for a property was $348,500.

The award-winning Johnston Memorial Hospital is right outside your door, South Holston Lake is a short drive away, and the Virginia Creeper, regarded as one of the country’s top cycling trails, is nearby.

The socioeconomic scene is also accurate, particularly considering that 31% of the population is made up of seniors 60 years of age and older.

Strasburg

What you want as a retiree is to be enjoying coffee on the porch, going out to a great local restaurant for a midweek brunch once in a while, and joking around with locals at festivals and community activities.

Thankfully, Strasburg provides just such a life.

In October 2024, the median listing price of a property in Strasburg was $319,900, which is a reasonable price range that includes access to the Warren Memorial Hospital, which is close.

Lastly, 22% of Strasburg’s population is 60 years of age or older.The North Fork of the Shenandoah River, the Strasburg River Walk, a serene area ideal for taking in some peace and quiet, the Strasburg Mayfest, a family-friendly event that brings the town to life on the second weekend in May, and Star in the Valley Estate Winery, which is exquisitely situated at an elevation of more than 1,000 feet and boasts breathtaking views, are all nearby.

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Disclaimer: Our team has meticulously fact-checked this article to ensure accuracy and eliminate any misinformation. We are committed to providing honest, reliable, and trustworthy content for our readers.

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