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December 27, 2011              Main Home

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What is a Continuing Care Retirement Community?

A continuing care retirement community, or CCRC, is a development that offers a range, or continuum, of housing and associated healthcare (as well as recreation amenities and social activities).  Nearly all CCRCs charge an entrance fee, which is often quite hefty (and usually from the sale of a resident's current home).  As they age, in exchange for the entrance fee and monthly fees, residents are guaranteed housing, social recreation and health care all in one place.  Independent apartments or cottages are usually in one section of the development.  Assisted living and nursing home facilities are in different sections in the same development.   This gives residents peace of mind knowing that they will be able to stay in the same community and receive increased healthcare services down the road.  One thing to keep in mind is that most CCRCs require that incoming residents be in good physical and mental shape.

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McKinney Population: 130,000 | Percentage Age 45 or Better: 22% | Cost of Living: 5% Above U.S. Average | Crime Rate: Below U.S. Average

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Retreat at Craig Ranch

8800 Dewland Dr., McKinney, Texas  75035

(972) 547-0869

Age Restriction:  All ages but appeals to baby boomers

Single family homes and town homes

Priced from $216,900

Web Site

Part of larger community, vintage trolley, town center, golf course, clubhouse, spa

Texas Stats:

Population, year 2009 estimate - 24,782,302

Persons 65 years old and over, year 2009 - 10.2%

High school graduates, percent of persons age 25+, year 2000 - 75.7%

Bachelor's degree or higher, pct of persons age 25+, year 2000 - 23.2%

Persons of Hispanic or Latino origin, year 2009 - 36.9%

White persons, not Hispanic, year 2009 - 46.7%

Median household income, year 2008 - $50,049

Social Security taxed? No

Source: U.S. Census Bureau

 


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