With a large number of Ohio's 11,300,000 residents growing older each year, it is clear that the demand for retirement housing will become an ever-increasing force in the State's housing market, particularly as many of these baby boomers seek to downsize and opt for smaller homes and a more care-free lifestyle.

In fact, as their numbers continue to escalate, retirees desiring to remain in Ohio are already beginning to see the development of significant new facilities and retirement communities designed specifically to fit their needs. While community developers have not yet created a significant number of resort-style residential developments within the State for this emerging active adult market, there is an expanding number of highly desirable age-restricted communities with villa-style homes, townhomes and condos.

And it should be noted that operators of continuing care and assisted living facilities have aggressively gone about meeting the needs of older retirees by rapidly expanding the construction and operation of these types of centers, which can be found scattered across the State, primarily in or near the major metropolitan cities such as Cleveland, Columbus, Cincinnati and Dayton, as well as in several smaller towns.

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