Who Buys in a 55+ Community?

Age-restricted communities, at least those for residents age 55 or better, generally appeal to people seeking a sense of community with other people from similar socioeconomic backgrounds.  Most developments are gated or at least have some time of secured access and appeal to retirees seeking a sense of security.   People who enjoy lots of amenities, planned activities and social interaction also buy in 55+ developments.  Just an FYI:  newer communities tend to have a younger demographic while older communities usually have a more mature set of residents, primarily because residents in older developments purchased when they were younger and have stayed put.

Main Home

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The Villages Population:  100,000 |  Percentage Age 45 or Better:  98%  |  Cost of Living:  Meets U.S. Average  | Crime Rate:  Meets U.S. Average

The Villages

1000 Lake Sumter Landing, The Villages, Florida  32162

(352) 245-1081

Age Restriction:  55+

75,000 single family homes, town homes, manufactured homes

Priced from $50,000s

Web Site

Gated, tidy, well established, popular development with huge selection of amenities, activities and prices

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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