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December 20, 2011              Main Home

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What are the Differences Between Age-Targeted Communities and Age-Restricted Communities?

While most master planned communities are for all ages, age targeted and age restricted communities are usually master planned developments that are designed to attract a specific demographic. Age targeted developments are ones that legally have to accept anyone any age but market themselves primarily to baby boomers, empty nesters and retirees. It is very possible to find young families in an age targeted community. Age restricted communities, on the other hand, are legally allowed to exclude people who are younger than 55. In most 55+ developments, i.e., age restricted developments, at least 80% of the housing must be occupied by people age 55 or better. Younger spouses usually comprise the other 20%.

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Merritt Island Population: 36,000 | Percentage Age 45 or Better: 45% | Cost of Living: 4% Above U.S. Average | Crime Rate: Meets U.S. Average

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Merritt Island Village

327 Silver Oaks Avenue, Merritt Island, Florida 32952

(321) 452-4684

Manufactured homes for sale and lease

Priced from $22,900 (sales) and from $450 per month (rentals)

Age Restriction: 55+

Web Site

Waterfront village with direct water access

 

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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