55+ communities, once mainly found in the Sunbelt, are now widespread across the U.S., offering active adults aged 55 and older a lifestyle rich in amenities like clubhouses, fitness centers, and social activities such as pickleball and mah-jongg. Residents are drawn to these communities for the social opportunities, convenience of low-maintenance living, and age-restricted peace and quiet. However, these communities come with HOA rules that may limit pets, home modifications, and the length of visits by younger guests. They differ from assisted-living facilities by focusing on independent living with recreational and social amenities rather than healthcare services.
Financially, homes in 55+ communities tend to be pricier than comparable non-age-restricted homes due to the value of extensive amenities, with median prices around $500,000. Buyers should anticipate upfront fees, monthly HOA dues, and rising costs driven by inflation and insurance premiums, which can strain budgets. Choosing the right community involves considering location, lifestyle preferences, and special interests, with many builders offering themed or activity-focused options. For those preferring to age in place, home modifications like no-step entries and lever doorknobs can enhance safety and comfort without moving.
