Senior Housing Trends in U. S. Driven By Baby Boomers Desire to Downsize

One of the top housing trends in the U. S. is development of rental housing that appeals to the 55 plus demographic who are not yet ready for assisted living arrangements, but still want to lighten their load when it comes to maintenance and overhead. Baby boomers are changing the rental landscape in their housing preferences and driving a trend toward downsizing and living among people of the same age cohort.

In fact, the number of renters over the age of 55 in the U. S. increased by 28% between 2009 and 2015 according to RENTCafé, a nationwide internet listing service (ILS) that enables renters to easily find apartments and houses for rent throughout the United States.

Two of Lafayette’s newest senior living developments following this trend which offer independent living accommodations are The Vincent, by Abby Senior Living on Verot School Road and Parc Gardens on Camellia Blvd, pictured above. Both are conveniently located to nearby shopping, healthcare and retail amenities and provide upscale living choices affording residents the opportunity to live a more carefree existence.

On a recent Discover Lafayette podcast with guest Ben Powers of Developing Lafayette, Jan Swift and Ben discussed this housing trend and how Lafayette’s rental market is responding. You can listen to the entire interview here.