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According to 55places.com, Florida has the most age-restricted communities with more than 375 communities, with New Jersey coming in second with more than 230 age-restricted communities. [9] Other popular states for age-restricted communities include Oregon, North Carolina, South Carolina, Pennsylvania, and Utah. [10]
Furthermore, most communities stipulate that if anyone under the age of 55 resides in their community, they must live in a household where at least one occupant is 55 or older. Nearly all age-restricted and active adult communities allow people under the age minimum, such as grandchildren, to visit and stay on a limited basis.
Even if you can afford to live in a 55-plus community, additional fees will have a way of eating into your retirement budget. For example, amenities can total roughly $200 a month, meaning an ...
It was predicted that by 2020, 19.3% of the UK population would be aged 65 or over, and a minimum of 35,000 new senior living development properties would need to be created to meet housing demands. Independent senior living residents are able to live on their own with limited assistance (provided by third-party home health care providers if ...
Roughly two-thirds of adults who own a home have a mortgage, according to 2022 data from the U.S. Federal Reserve.. The median mortgage in 2022 was $1,400 per month, based on data from the U.S ...
A naturally occurring retirement community (NORC; / n ɔːr k /) is a community that has a large proportion of residents over 60 but was not specifically planned or designed to meet the needs of seniors living independently in their homes. NORCs may develop in three ways: Aging in place: numerous persons moved into a community when they were ...
The Michigan Supreme Court said Monday that its 2020 decision stopping local governments from keeping cash windfalls from the sale of foreclosed homes can be applied retroactively, meaning that ...
Niche retirement communities target retirees who "share a common interest, hobby or trait". [28] By 2011, niche retirement communities or "niche senior communities' - known as "affinity retirement communities" by industry professionals - [29] had become "one of the biggest trends in retirement living."