Senior Houses For Sale Near Me (2025)

FAQs

Can I live in a 55+ community in New Jersey? ›

Do I have to be 55+ to live in your New Jersey active adult community? Yes, we are an age restricted community. The occupant must be the age of 55 or older.

There are 4 55+ communities to choose from in the New York City area. Explore our listings to compare the amenities, floor plans, and services available at each residence.

Senior housing is housing that is suitable for the needs of an aging population. It ranges from independent living to 24-hour care. In senior housing there is an emphasis on safety, accessibility, adaptability, and longevity that many conventional housing options may lack.

To be listed as a legal 55+ housing, the community must meet three qualifications: 80% of the units/homes must have at least one (1) resident aged 55 or older (80/20 rule). The community has to create, publish, and follow policies that show its intent to house residents age 55 and older.

As of 2021, the national average is $4,300 / month, but in NJ, residents pay approximately $2,350 / month more, with the average cost being $6,650 / month. However, state residents should take some comfort in the fact that the cost is not consistently high everywhere in the state.

One option for seniors is to downsize to a smaller home, apartment, or condo. This can help reduce housing expenses such as rent, mortgage payments, property taxes, insurance, and maintenance costs. Seniors can also consider sharing a living space with family members, friends, or roommates to further reduce costs.

Care and cost: A onetime membership fee of $50,000 for independent living or $20,000 for assisted living and memory care, plus monthly fees ranging from $5,495 for an independent-living studio to $19,995 for an assisted-living two-bedroom. Memory-care units cost $8,995 to $13,495.

The best state will depend on the individual's specific needs and preferences. However, states like Alabama, Tennessee, West Virginia, South Carolina, and Wyoming are generally good options due to their affordability and quality of life for seniors.

More than half of the participants still lived at home (34% lived alone, 12% with spouse, 9% with paid caregiver), whereas 8% lived with other relatives, 10% in assisted living, 13% in board and care, and 13% in nursing home.

What is one reason that an older adult would typically choose a continuing care retirement community? ›

A CCRC Life Plan Community is a continuing care retirement community where you can move to and get additional care if your needs change. Typically, most people move into residential living to make the transition into a community much more manageable.

Can Someone Younger than 55 Live in a 55+ Community? The short answer is yes, but it will depend on specific circumstances and the community's guidelines. The two most common situations are if a spouse does not meet the age requirement, or if there's an adult child (over 18) moving with you.

The favorable tax policies of the state, including a low sales tax and exemptions on essential items, are beneficial to retirees. In New Jersey, you will find that there are a wide range of property tax rates across counties, which makes living in retirement communities there affordable.

There is no community property in New Jersey. Rather, New Jersey has a system of equitable distribution – not equal distribution. As such, it does not lead with a 50% split. Rather, it first identifies the marital property and values the same.

2023, c. 349. For the purposes of this act, a "senior citizen" is any person who has attained the age of 62 years on or after the effective date of this act, or the spouse of that person, or the surviving spouse of that person, if the surviving spouse is 55 years of age or older.