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Housing » Aging in Place

Why It's Important

Older adults strongly prefer to age-in-place in their communities. Housing that is affordable, accessible and integrated helps older people maintain their independence. Supportive services are often needed for older adults to maintain their independence and age-in-place.

See Data By: Richmond MSA | Virginia | National

How Richmond Is Doing

Content coming.

How Virginia Is Doing

Three in five Boomers (62%) say they plan to stay in their current home when they retire (ODP RESIDENT 2008)
Three in five Boomers (62%) say if they become disabled, they plan to stay in their current home and have someone take care of them there (ODP RESIDENT 2008)

Three in five boomers (62%) plan to say in current home when they retire, Richmond MSA

Three in five boomers (62%) plan to stay in current home and have someone care for them there if they become disabled, Richmond MSA

How the U.S. Is Doing

Studies have shown that older adults overwhelmingly prefer to "age in place" in their existing homes and communities, but may need to modify their existing home or move to another residence that is more accessible, more affordable or more appropriate in size to accommodate their changing needs. Only 5 percent of older adults age 55 and older change residences in a given year compared to 17 percent of the population under 55. (N4A MATURING OF AMERICA 2006)

According to AARP's Beyond 50.05, A Report to the Nation on Livable Communities: Creating Environments for Successful Aging home and community features matter.

Approximately half of the beyond 50.05 survey respondents said their home either would not, or would only "somewhat," meet their physical needs well as they grow older.
Residents whose homes do not meet their physical needs well as they grow older were less likely to want to remain in their current home as long as possible (62% versus 95%)
Residents whose homes do not meet their physical needs well as they grow older were more likely to report that they "frequently feel isolated" (36% versus 19%)
Census Bureau reports show that only about five percent of persons age 55 and older move in a given year, and around half of those choose to remain in the same county.
On average, housing costs represent approximately one-third of out-of-pocket expenditures for householders age 45 and older, making it the single largest expenditure category for this age group.

(AARP BEYOND 50.05 2005)

According to AARP's Beyond 50.05 Survey- Aging in Place- Part 2- XI, 2005:

The majority has been living in their current community for at least 20 years, if not their whole lives (61%). And they have no desire to leave.
Without question, Americans age 50-plus feel sufficiently attached to their communities to want to stay put for at least five years (83%).
This is slightly less true of 50 to 64 year olds (79% compared to 88% of those 65-plus), but some of them may be planning to retire to a different community. Yet those who want to stay where they are still represent a solid majority, indicating social engagement and attachment with their communities.
African-Americans are least likely to want to stay in their current communities (72% compared to 83% of whites and 86% of Hispanics).

(AARP, BEYOND 50.05 SURVEY- AGING IN PLACE- PART 2- XI, 2005)

According to a recent report from Aging in Place Technology Watch entitled, Technology Market Overview Report:

The marketplace for technology to assist aging adults is expected to grow sharply from $2 billion today to more than $20 billion by 2020.

(AGING IN PLACE TECHNOLOGY WATCH,
TECHNOLOGY MARKET OVERVIEW REPORT, 2009)

According to Aging in Place Initiative executive summary, The Maturing of America - Getting Communities on Track for an Aging Population:

A recent Census report noted that only 5 percent of older adults age 55 and older change residences in a given year compared to 17 percent of the population under 55.
Almost half of those older adults who do move remain in the same county.

(AGING IN PLACE, THE MATURING OF AMERICA - GETTING COMMUNITIES ON TRACK FOR AN AGING POPULATION)