What are the Benefits of a 55+ Development?

Developments designed for the 55+ crowd offer a lot of benefits.  The main ones may be security, plenty of recreation opportunities and a sense of community with people of similar backgrounds, but the benefits do not end there.  Nearly all 55+ single family home communities, particularly newer ones, have single story homes (condos always have elevators).  No more having to go up and down stairs all day long.  Many have home owners' associations that take care of the exterior maintenance, including mowing the lawn and shoveling the snow.  Others have rental programs so that if you decide to go on vacation for six months, the association will find a qualified renter for you.   There are even communities that will, for a monthly fee, provide meals, housekeeping and 24/7 emergency services. 

June 4, 2011       Main Home

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Hamilton Population:  90,000 |  Percentage Age 45 or Better:  40%  |  Cost of Living:  15% Above U.S. Average  | Crime Rate:  Below U.S. Average

Montage at Hamilton

5113 Talbot Way, Hamilton, New Jersey  08691

(609) 586-9001

Age Restriction:  55+

Condominiums

Priced from $184,000 (rentals from $1,200/month)

Web Site

Clubhouse, walking paths, garage parking

New Jersey Stats:

Population, year 2009 estimate - 8,707,739

Persons 65 years old and over, year 2009 - 13.5%

High school graduates, percent of persons age 25+, year 2000 - 82.1%

Bachelor's degree or higher, pct of persons age 25+, year 2000 - 29.8%

Persons of Hispanic or Latino origin, percent, year 2009 - 16.7%

White persons, not Hispanic, percent, year 2009 - 61.1%

Median household income, year 2008 - $70,347

Social Security taxed? No

Source: U.S. Census Bureau

 

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