May 16, 2025 | by Katie Claflin
Categories: Affordable Housing, Home Rehabilitation/Repairs, Rental Housing
The US population is getting older, and according to US census data, within the next decade, older adults (defined as those 65 or older) will outnumber children for the first time in American history.
These changing demographics are placing a unique strain on America’s housing market, as older adults often have accessibility needs that differ from younger populations. Moreover, as seniors typically live on fixed incomes, they're more likely to be burdened by high housing costs.
According to a recent article released by the Urban Institute, 21% of adults aged 75 or older are considered “severely cost burdened,” which means they spend more than 50% of their income on housing. In comparison, only 17% of adults aged 65-74 and 14% of adults aged 50-64 are severely cost burdened.
This number is particularly troubling because, unlike younger adults, senior adults are often on a fixed income, giving them less flexibility with their budget and making them more susceptible to homelessness when they can’t afford their rent or mortgage. In fact, the Urban Institute reports that the share of older adults experiencing homelessness increased 37% from 2019 to 2022.
Seniors also face additional hurdles when it comes to the accessibility of their existing homes. The Urban Institute’s research revealed that 80% of those aged 75 and old lack accessibility features in their homes.
The Urban Institute provides some initial recommendations on how policymakers and government agencies can address these challenges through modifications of federal and state programs and funding sources. Read more about their recommendations here: https://www.urban.org/urban-wire/americas-housing-market-failing-older-adults
If you are a senior in need of housing assistance, we recommend the following:
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