As empty nesters, many members of Generation X are beginning to consider where they will live as they age, with a focus on finding homes that can accommodate their needs as they grow older. While the desire to age in place is common among all generations, Gen X-ers are starting to look for homes that they can stay in for the long term. With a majority of older adults living in their own homes, the focus is on maintaining quality of life as they age, including access to health and wellness amenities and home features that can support them in their later years.
Many Gen X-ers are willing to invest in extra space and amenities in anticipation of taking care of family members, such as grandchildren, adult children, and aging parents. With a median income of $126,900 and high homeownership rates, members of Gen X are well-positioned to make changes to their housing situations to better suit their needs as they age. Rising demand for homes that cater to the needs of an aging population is prompting developers to create communities with amenities like hiking trails, fitness classes, and smart home technology.
As the housing market continues to be competitive and prices rise, many Gen X-ers are opting to purchase homes that they can see themselves living in for the rest of their lives. Rather than downsizing, some are choosing to trade up to larger homes that can accommodate multigenerational households. As members of the sandwich generation, balancing caring for children and aging parents, Gen X-ers are seeking homes with three or four bedrooms that can accommodate their family members as well as features that will support them as they age.
Developers are beginning to recognize the shift in demand from Gen X-ers and are designing homes and communities that cater to their needs. Customizations include features like raised electrical outlets, toilets with higher seats, and smart home technology to support aging residents. Amenities such as pools, fitness classes, and pickleball courts are also being added to communities to appeal to active adults who want to stay healthy as they approach retirement. Gen X-ers are looking for homes where they can maintain an active lifestyle in a community that supports their needs.
With many Gen X-ers already in their peak earning years and sitting on a substantial amount of home equity, they are in a good position to make changes to their housing situations as they age. The focus is on finding homes that can accommodate their changing needs, whether that means taking care of family members, staying healthy and active, or incorporating technology to support them. As this generation prepares for retirement, their housing choices are reflecting a desire to age in place and maintain a high quality of life as they grow older.
