One of the largest generations is now looking for a new type of home. Baby Boomers are in the market for smaller homes so that they can age in place within their existing communities. However, very few homes incorporate all the features to help achieve this goal. An remarkable 3.5% of all homes in the U.S. include features that make it accessible for senior. Some of these senior features include extra-wide hallways and doors, main-floor master bedrooms, and handrails in the bathroom.
According to a recent article from the National Association of Homebuilders they predict that people 65 and older will jump from 26% of the population to 34% percent in 2038, with the fastest-growing age group among them in the 80+ category. However, the report notes that they’re less likely to move, with only 3.6% of individuals aged 65-79 — compared to 13.6% of those under 50 — relocating in 2017-2018, more than half of which relocated within the same county.