According to Key Housing Trends in San Mateo County (San Mateo County Health System Study), the number of seniors in San Mateo County will increase dramatically over the next decade and a half, as the large baby boomer generation ages. The vast majority of seniors want to “age in place,” or remain in their current home or in their community as long as possible (AARP). Seniors have special housing needs as a result of limited income and mobility issues that should be explicitly addressed. Many seniors live on fixed incomes, which limits their housing options and also puts them at risk of being displaced. Seniors who rent are at particularly high risk for being displaced by increasing rents. Seniors in San Mateo County typically see their income reduce by half as they age from their 50s to their 80s (Claritas). Furthermore, seniors who own are often house rich but income poor.
Assuming national trends hold and 90 percent of seniors plan to stay in their home, a large number, more than ten thousand San Mateo County seniors, will be looking to move in the coming years (AARP). Ensuring safe, desirable options for aging seniors will require advance planning. According to Stanford University, the Senior Population Change will increase by 76% between the 2005 and 2025, and by 2030, one quarter of San Mateo County residents will be over the age of 65.