Latest Trend in Senior Housing: Roommates

As housing prices climb, seniors wanting to save money are on the lookout for roommates. The trend is especially catching on among single senior women.

“Senior housing organizations across the nation are reporting a surge in demand from the young and old alike to move into the spare rooms of lonely and often lower-income elderly home owners,” says realtor.com®. “This provides the home owners with the money and companionship they need to maintain and manage to stay in their homes, instead of moving in with family or into a nursing home.”

About 43 percent of Americans over the age of 45 surveyed say they would get a roommate to help out with chores, according to a 2014 AARP survey of more than 1,000 participants. What’s more, 26 percent said they would move in with a roommate in order to supplement their income.

Source: “Seniors Seeking Roommates: ‘Golden Girls,’ Please Apply,” realtor.com® (June 15, 2016)