Housing Options for Seniors in Cornelius Who Are Downsizing

Senior Living

Housing Options for Seniors in Cornelius Who Are Downsizing

Cornelius, NC Real Estate Townhomes for Sale – for Seniors

Housing-Options-for-Seniors-in-Cornelius-Who-Are-Downsizing

Housing Options for Seniors in Cornelius Who Are Downsizing:

The Census Bureau estimates that nearly 10,000 baby boomers turn 65 every day. America’s senior population has hit 50 million and in Cornelius, North Carolina, 10% of the population is comprised of mature adults. Sooner or later, most of these people will look to downsize and if that is something that’s on the agenda for your parents or loved ones, there is plenty of help available to find an appropriate home.

The Housing Market in Cornelius, North Carolina

Trulia reports that the housing price trends in Cornelius show a 5% year-on-year rise. The average median sales price of a house is $276,000 while the price per square foot is $165. Rents have also increased by 2% annually, with the average rent at $1625. The median income of a senior household is at $51,246 according to stats from Census Bureau. It is safe to infer that seniors in Cornelius Single Family Homes have the financial capability to buy a property and this is supported by evidence that home ownership is high among senior households. However, roughly 12% of older households still rent and the average social security income is just over $20,000 a year, which is 50% less than the median income. There is still a significant number of seniors that rely on incomes of less than 10-20k per year.

Can Seniors Afford to Buy a Smaller Property?

With 88% of senior households owning homes, it is reasonable to assume that they can sell their property at a good price and have enough to buy something smaller, such as Cornelius, NC Townhomes and Condos for Sale. The median price of a home in Cornelius represents one of the highest in the state of North Carolina. Under the assumption that a senior will be able to sell their home at the going median price or more, we can infer that they will be able to relocate to a smaller property. Most will probably opt for the convenience of living in an apartment or a townhouse which is smaller in size, cheaper to maintain and has amenities for seniors such as lifts and ramps. The average size of an apartment in the US is 889 square feet which puts its value at roughly $160,000 – which is more than the selling price of a Cornelius home. The elderly have several choices whether to swap their home for retirement communities or live in smaller houses. Adult communities will cost between 200-400k while small houses start at 150k.

Real Estate in Cornelius is booming with prices increasing steadily. Seniors who own a home will be able to sell their property at good prices, buy a smaller place to live and still have something left over. However, for those who are renting, prices are also increasing each year and those living on lower annual incomes will probably find it difficult to buy a property.

Housing Options for Seniors in Cornelius Who Are Downsizing has another great option on the greater Lake Norman area along with Cornelius are Active Adult Communities 55+ Subdivisions. Some located in Cornelius is Baileys Glen Homes 55+, The Courtyards on Lake Norman and The Courtyards at Jetton. All of these homes are Ranch built homes and just 2-3 bedrooms, but many have full service amenities on property, such as Pool, Community Center, Recreational areas, Games, Gyms and much much more.

See below for local 55+ Active Adult Homes for Sale

Cornelius, NC Townhomes and Condos for Sale

Cornelius Condos

Listings 1 - 20 of 51 Next

Price: $595,000
18840 Nautical Drive, Cornelius, NC 28031
Complex: Schooner Bay
3 BR, 2 BA, 1378 sqft
Jack Beckman | MLS # 4235559 | Active

Price: $497,000
18009 Kings Point Drive, Cornelius, NC 28031
Complex: Kings Point
2 BR, 2 BA, 1164 sqft
Jack Beckman | MLS # 4238845 | Active

Open house! Sat Apr 19, 1 PM-4 PM
Price: $457,500
16721 Spinnaker Lane, Cornelius, NC 28031
Complex: Mariner Villas
3 BR, 3 BA, 1804 sqft
Jeannie Coyer | MLS # 4218834 | Active

Price: $429,000
18867 Vineyard Point Lane, Cornelius, NC 28031
Complex: Dockside
2 BR, 2 BA, 837 sqft
Guillermo Torres | MLS # 4185266 | Active

Price: $4,950,000
19329 Watermark Drive, Cornelius, NC 28031
Complex: Watermark
5 BR, 5.2 BA, 6335 sqft
Corcoran HM Properties | MLS # 4219271 | Active

Price: $3,999,000
19329 Watermark Drive, Cornelius, NC 28031
Complex: Watermark
5 BR, 5.2 BA, 6252 sqft
Premier Sotheby's | MLS # 4221286 | Active

Price: $1,800,000
19329 Watermark Drive, Cornelius, NC 28031
Complex: Watermark
3 BR, 3.1 BA, 2909 sqft
Premier Sotheby's | MLS # 4239653 | Active

Price: $800,000
17810 Half Moon Lane, Cornelius, NC 28031
Complex: Half Moon Bay
3 BR, 2 BA, 1420 sqft
EXP Realty LLC | MLS # 4248678 | Active

Price: $789,900
7822 Village Harbor Drive, Cornelius, NC 28031
Complex: Villages at Harborside
3 BR, 2 BA, 1421 sqft
Saige Real Estate | MLS # 4245678 | Active

Price: $779,000
18589 Vineyard Point Lane, Cornelius, NC 28031
Complex: The Moorings
3 BR, 2 BA, 1252 sqft
Keller Williams Lake | MLS # 4235966 | Active

Price: $759,000
18641 Harborside Drive, Cornelius, NC 28031
Complex: Villages at Harborside
3 BR, 2 BA, 1434 sqft
K.M.D. Realty Inc. | MLS # 4181188 | Active

Price: $725,000
7836 Village Harbor Drive, Cornelius, NC 28031
Complex: Villages at Harborside
3 BR, 2 BA, 1234 sqft
Call It Closed | MLS # 4243199 | Active

Price: $705,000
17931 Kings Point Drive, Cornelius, NC 28031
Complex: Biscayne
3 BR, 2 BA, 1396 sqft
Redfin Corporation | MLS # 4212481 | Active

Open house! Sat Apr 19, 12 AM-2 PM
Price: $699,000
18700 Nautical Drive, Cornelius, NC 28031
Complex: Commodores Landing
3 BR, 2 BA, 1397 sqft
Keller Williams | MLS # 4246194 | Active

Price: $695,000
18631 Vineyard Point Lane, Cornelius, NC 28031
Complex: Vineyard Point
3 BR, 2 BA, 1382 sqft
NorthGroup Real | MLS # 4204701 | Active

Price: $670,000
9021 Charles Francis Lane, Cornelius, NC 28031
Complex: The Retreat at West Catawba
3 BR, 3.1 BA, 2613 sqft
Highgarden Real Estate | MLS # 4234049 | Active

Open house! Sat Apr 26, 1 PM-3 PM
Price: $660,000
20367 Harborgate Court, Cornelius, NC 28031
Complex: Harborgate
3 BR, 2 BA, 1992 sqft
Berkshire Hathaway | MLS # 4181795 | Active

Price: $660,000
7844 Village Harbor Drive, Cornelius, NC 28031
Complex: Villages at Harborside
3 BR, 2 BA, 1309 sqft
Ivester Jackson | MLS # 4240892 | Active

Price: $659,900
17811 Half Moon Lane, Cornelius, NC 28031
Complex: Half Moon Bay
2 BR, 2 BA, 1210 sqft
Horizon Realty | MLS # 4219858 | Active

Price: $659,000
8233 Houser Street, Cornelius, NC 28031
Complex: The Retreat At West Catawba
3 BR, 3.1 BA, 2658 sqft
COMPASS | MLS # 4232775 | Active

Listings 1 - 20 of 51 next

Based on information submitted to the MLS GRID as of April 19, 2025, 6am. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

Lake Norman Area Active Adult Communities 55+

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