55+ vs. 62+ Senior Cooperatives and Housing: What's the Difference?

If you've been looking at senior housing, you've probably seen both "55+" and "62+" communities. You might wonder what the difference is and if it really matters for your search. Let's clear that up so you can feel confident in your choices.

1The Short Answer

• 55+ communities allow residents who are at least 55 years old. At least 80% of the units must have someone 55 or older living there.
• 62+ communities require that every single resident be at least 62 years old. There are no exceptions to this rule.

Both types are legal under the Fair Housing Act. This law usually stops people from being treated differently because of their age. However, senior housing gets a special pass if they follow these specific rules.

2What Does This Mean for You?

If you're 62 or older, you can look at both types of communities. You'll have the most options to choose from.

If you're between 55 and 61, a 62+ community isn't an option for you yet. You'll want to focus your search on 55+ communities instead.

If you have a spouse or partner who is younger than you, it's very important to check the rules.

• In a 55+ community, your younger spouse can usually live with you. This is because only one person in the home needs to meet the age requirement.
• In a 62+ community, everyone living there must be 62 or older. This includes your spouse, even if you're already over the age limit.

3What About Senior Cooperatives?

Most senior cooperatives here in Minnesota are 55+ communities. However, some are 62+. Each co-op sets its own age limit in its official rulebooks.

When we look at cooperatives together, I'll always check these age rules first. It's one of the first things we'll do, especially for couples with an age gap. We want to make sure you're looking at places where you can both live happily.

4Which Is Better?

Neither one is "better" than the other. They just offer different ways of living.

55+ communities often have a wider range of ages. This can lead to a more active and diverse mix of neighbors. Many people love that lively energy.

62+ communities tend to be a bit quieter and more settled. Since everyone is in a similar stage of life, it can be easier to find friends who share your experiences.

The best community for you is simply the one that feels like home when you walk through the door.

5One More Thing to Know

Age is just one part of the puzzle. Cooperatives also have an application process. The board will meet with new residents to make sure they'll be a good fit for the group.

It's okay to feel a little nervous about this, but please don't worry. This process is actually why co-ops feel so safe and friendly.

You'll know that every neighbor was checked out just like you were. It helps build a community of people who truly want to be there.

If you'd like help finding a community that fits your age, budget, and lifestyle, I'm here for you. Let's find your perfect next home together.

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