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October 26, 2011              Main Home

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What is the Difference Between an Age-Targeted Community and an Age-Restricted Community?

An age-restricted community is a development that meets HUDs guidelines for senior housing, which states that the housing must have at least one person who is age 55 or better in at least 80% of the housing units.   For developments with an age-restriction of 62 or better, all residents must meet the age requirement.  Age-targeted communities do not have to adhere to HUD guidelines and cannot discriminate on the basis of age.  They tend to market to baby boomers but must accept residents of all ages.

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Bradenton Population:  54,000 |  Percentage Age 45 or Better:  45%   |  Cost of Living:  6% Below U.S. Average  |  Crime Rate:  Above U.S. Average

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Central Park at Lakewood Ranch

12145 Forest Park Circle, Bradenton, Florida  34211

(941) 328-1065

Single family homes

Priced from $130,000s

Age Restricted:  All ages 

Web Site

Community shopping center, tennis, nearby golf and beaches

 

Florida Stats:

Population, year 2009 estimate - 18,537,969

Persons 65 years old and over, year 2009 - 17.2%

High school graduates, percent of persons age 25+, year 2000 - 79.9%

Bachelor's degree or higher, pct of persons age 25+, year 2000 - 22.3%

Persons of Hispanic or Latino origin, percent, year 2009 - 21.5%

White persons, not Hispanic, percent, year 2009 - 59.5%

Median household income, year 2008 - $47,802

Social Security taxed? No

Source: U.S. Census Bureau

 


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