55+ Active Communities
The housing boom took flight when this segment of the population started gobbling up second homes. Now the numbers are substantially swinging towards Active Adult Communities – making it a safe bet with investors. This generation has had access to better healthcare over the years and are living longer. Most are financially independent couples in their mid 60s to early 70s who have saved for retirement or can benefit from reverse mortgages.
Some states are more advantageous for active adults than others. For example, Florida has no state tax, mild yearlong weather, and provides plenty of outdoor recreation. However, Virginia offers a $12,000 per person yearly tax savings with the magic of Washington DC nearby and the ability to enjoy four seasons.
Coincidentally, as Northeastern and Midwestern buyers continue to flood Florida, native Floridians are choosing to escape to Virginia, Tennessee, and North Carolina. Cross-state referral networks are growing in popularity, especially in places with relaxed reciprocity rules.
Did you know?
According to estimates published by the U.S. Census Bureau, the majority of Baby Boomers have been turning 65 years. By 2030, the remainder will also reach age 65 and account for 21% of the national population.
Some of the most popular builders of Active Adult Communities include Del Webb, Taylor Morrison, Lennar’s Heritage Collection, and DR Horton’s Freedom Homes.
Below is a list of the top U.S. Active Adult Communities:
The Villages (Ocala, FL)
Latitude Margaritaville (Daytona Beach, FL)
Hot Springs Village (Arkansas)
Rossmoor Walnut Creek (CA) Robson Ranch (TX & AZ) • Sun Lakes (AZ)
Green Valley (Las Vegas)
Lakewood Ranch (Sarasota, FL)
