Share of older renters grows in metro Denver
By the numbers: 10% of metro area renters fell in this age group in 2023, up about 2 percentage points from a decade earlier, according to a report based on Census data by rental listing site Point2Homes.
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Share of older renters grows in metro Denver
The number of metro Denver renters age 65 or older grew slightly over the past 10 years, a new analysis shows. By the numbers: 10% of metro area renters fell in this age group in 2023, up about 2 percentage points from a decade earlier, according to a report based on Census data by rental listing site Point2Homes.
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More Indy seniors seek rental flexibility
Roughly 13.5% of Indianapolis area renters were 65 or older in 2023, up from 8.9% a decade earlier, according to a report by rental listing site Point2Homes. The big picture: More older Americans trading home ownership for flexibility coincides with a larger embrace of micro-living, a trend taking off in Central Indiana as people seek a "less is more" lifestyle. State of play: Many older adults are on fixed incomes and stay in their homes because they're mortgage-free or have a low interest rate. But others are renting for less upkeep, to be closer to family or for walkable neighborhoods. More Indy seniors are also postponing retirement and want the flexibility to move for a job. Between the lines:" Active adult" rental communities (think: resort pools and yoga gardens) are expanding quickly as a lower-cost option for those who want to downsize but don't need traditional independent living services, according to the National Investment Center for Seniors Housing & Care. Zoom in: Hamilton County, in particular, is leaning into such developments to attract the state's rapidly aging population to active adult communities in Noblesville, Westfield and Fishers. During this week's Carmel City Council meeting, details were unveiled for an $88 million development on Old Meridian Street that would add 200 apartments for seniors and a new park dedicated to veterans. By the numbers: Nationwide, the share of renters 65 or older rose to 13.4% in 2023, up from 10.4% in 2013. That age group saw the biggest jump of any, researchers found. Just two of 75 major U.S. metro areas posted a decline in the share of renters over 65. Reality check: People ages 25-34 are still the most likely to lease, representing around 27% of U.S. renters, per the report, which looked at Census Bureau data.
