The majority of Americans ages 50 and older want to remain in their current homes as they age, but nearly half expect to relocate due to rising housing costs, according to AARP’s 2024 Home and Community Preferences Survey.
The new survey polled 3,090 adults from June 17 to July 1, with 75% of respondents stated they wanted to stay in their homes as they grow older and 73% expressing the desire to stay in their communities. However, nearly half (44%) of respondents ages 50 and up believe they will need to relocate due the housing expenses that include rising costs of rent or mortgage (71%), property maintenance (60%), and taxes (55%).
The survey also found 51% of adults ages 50 and up said they need a home that supports independent aging, while nearly half predicted a need for home modifications to support this, such as grab bars (72%), entryway enhancements (71%), and kitchen upgrades (39%).
“As people age, affordable and independent living isn’t just a preference—it’s essential for their wellbeing,” said Rodney Harrell, AARP vice president of family, home, and community. “Most older adults want to stay in their homes, yet rising housing costs and limited options create serious barriers. To meet this growing need, leaders at all levels and sectors must prioritize affordable, safe, and accessible housing and communities.”
;
