Definition
A 55+ community restricts ownership to residents 55+ (with spouse exceptions), providing age-restricted housing and senior amenities. It creates active lifestyle with golf, recreation, and social clubs.
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55+ communities restrict ownership to residents age 55+ with limited exceptions for spouses. Provide active lifestyle with golf, recreation, social clubs, and travel programs. Housing ranges from condos to single-family homes. Attract active retirees seeking peer communities. Property values stable in popular communities. Resale may be limited to same demographic. Communities emphasize activities and social engagement over healthcare. Appeal to healthy, active retirees. May lack diversity compared to mixed-age communities.
Pro Tip
Evaluate activity programs and social opportunities when considering 55+ communities.
Example
A 55+ community included 500 homes with golf course, clubs, restaurants, and travel programs.