Explore essential insights into senior living options, including types of housing, age eligibility, costs, and key amenities. Learn about top developers creating safe, accessible communities tailored for individuals aged 55 and above. Discover how to choose the right retirement environment based on needs and preferences for a comfortable, independent lifestyle.

Essential Details About Retirement Communities

Retirement communities are specially curated residential options for individuals aged 55 and older, designed to support independent living. Ideal for retirees seeking to minimize expenses, travel opportunities, or avoid home upkeep, these communities prioritize safety and convenience. They feature amenities catered to seniors, offering a comfortable environment tailored to their needs.

Learn about various housing choices and their features for seniors.

Types of Senior Housing

Senior Apartments: Independent units with services like meals, recreation, and transit.

Continuing Care Retirement Communities: Combine independent living with assisted living and nursing care, allowing residents to age in place.

Subsidized Housing: Affordable options provided by the Department of Housing and Urban Development for low-income seniors.

Natural Retirement Communities: Standard neighborhoods with a high senior population but without specific senior-focused amenities.

Age Requirements for Senior Housing

Most senior apartment communities require residents to be 55 or 62 years old.

Some communities permit residents as young as 55, with restrictions on the percentage of younger residents.

To qualify for 55+ communities, at least one resident must meet the age criteria.

Communities for those over 62 generally mandate all residents to be above this age.

Exceptions may be made for residents with disabilities or special care needs.

Typical Rent Prices

Rent varies based on income and community offerings.

Usually, rent is about 30% of adjusted monthly income or 10% of gross income.

Luxury senior housing tends to have higher rental rates.

More affordable low-income units may have waiting lists.

Factors to Consider in Senior Communities

Parking options and safety measures

Sufficient storage within units

Accessibility features like ramps, elevators, and stairs

Proximity to shopping, healthcare, and essential services

Availability of public transportation

Security features both inside and outside the premises

Kitchen and bathroom safety adaptations such as grab bars and counters

Community activities and maintenance services

Top Developers in Senior Housing

Brookdale Senior Living Solutions

Holiday Retirement

Life Care Services

Five Star Senior Living

Erickson Living

Atria Senior Living

Senior Lifestyle Corporation

Capital Senior Living

Affinity Living Group

USA Properties Fund

Enlivant