Senior Housing Demand
Entrance Fee Independent Living
Typically, the entrance fee "buys-down" the monthly cost for services. Ideally, an older couple (or individual) sells their home at a price that allows them to make a "lateral" move to the continuing care setting with little or no out-of-pocket costs (assuming the entrance fee has to be set a level consistent with local home prices). The move then allows the couple (or individual) to spend less for the same monthly services offered in a typical independent living rental development.
Total Demand for Entrance Fee Housing
YOUR Primary Market Area
(mostly one-person hlds.)
(mostly 2 person hlds.)
|@ 65% of income||@ 65% of income|
|Units||Monthly Rent||Units||Units||Monthly Fee||Total Units|
** Essentially the same size unit.
Note: Demand estimates can be added across the table, but not down. Existing supply must be subtracted from these demand estimates to obtain the remaining un-served market.