Baby Boomers and House Hunting
Baby boomers are 77 million in numbers and are expected to continue to play a major part in the housing market for years to come. New home builders are paying close attention to what they want in their homes.
What are buyers aged 55+ searching for in a home and community?
- Proximity to shopping, dining, medical services, and entertainment
- Clubhouse area
- Sheltered areas
- High ceilings
- Natural light
- Large common areas with open floor plans
- Sustainable and energy efficient technology and materials
- Pool
- Walking Trails
- Integrated indoor and outdoor space
- Native plants
- Sufficient storage space
81% of baby boomers find more space in a less populated community more appealing than having less space in a more populated community.
18.1% of baby boomers want a house with fewer than 2,000 sq ft
48.6% of baby boomers want a house want a house between 2,000 and 2,900 sq ft
20.8% of baby boomers want a house want a house between 3,000 and 3,900 sq ft
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