Wedgewood Apartments Phase II

Overview

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Wedgewood Apartments is an affordable senior housing community located at 4921 Wedgewood Way in West Palm Beach, Florida. Designed for individuals aged 62 and older, the community offers studio and one-bedroom apartments with features such as wood-style flooring and Energy Star appliances. Amenities include an on-site laundry facility, clubhouse, and professional management. The property is pet-friendly, allowing pets under 20 lbs with a $300 non-refundable deposit, and is situated on a bus line for convenient transportation. Wedgewood Apartments operates under HUD’s affordable housing programs, including Section 8 Project-Based Rental Assistance and the Low-Income Housing Tax Credit (LIHTC) program. Rent is income-based, typically set at 30% of the resident’s adjusted monthly income, with eligibility determined by HUD guidelines. For more information or to apply, you can contact the leasing office at (561) 683-1631 or visit their official website.

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Wedgewood Apartments Phase II Location

Address: 4921 Wedgewood Way, West Palm Beach, FL 33417

Phone: 561-683-1631

Website: https://www.wedgewoodapartments.net/

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About West Palm Beach, Florida

West Palm Beach, a city located in the state of Florida (FL), is home to a population of approximately 117,588 people. West Palm Beach boasts a median age of 40.2, with around 25.8% of its residents aged 60 or above. 4.8% of the population identifies as US Veterans. 11.9% of West Palm Beach residents are disabled. The city has an average household income of $64,044, while the unemployment rate stands at 6.2%, and around 16% of the population is considered to be living below the poverty level. In terms of housing, the average home value in West Palm Beach is $322,409, with a monthly rent averaging $1,614.

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About Senior Apartments

It's not just about convenience and affordability; it's about creating a fulfilling lifestyle. Senior apartments are constructed, maintained, and updated to accommodate the 55-plus community. Often age-restricted, senior apartments are designed with accessibility in mind. One to two-bedroom units are standard as well as senior-friendly comfort and amenities. Senior apartments are great for retired adults who want to downsize but still have a social life. Apartment living is appealing to those who dislike yard work or home maintenance. It's also a great option for retired travelers who want peace of mind while away from home. Residents save money with lower expenses because they often include utilities and don't require property taxes.

Types of Senior Apartments

Affordable Senior Apartments - Retirees with low income may be eligible for cheap senior living apartments provided by government housing programs. These apartments are cheaper than usual. The eligibility to rent them depends on factors such as income, family size, and the average income in the area. Keep in mind that services or amenities in low-income senior apartments may be more limited.

Market Rate Senior Apartments - Market-rate senior apartments do not have income limits. Pricing is competitive and based on comparable housing options in the surrounding area. These apartments often come with amenities like community dining, housekeeping, and even transportation services.

Luxury Senior Apartments - Luxury apartments are generally larger, offering up to 2,000 square feet of living space, and boast a wide range of upscale amenities and community activities for their residents. Many luxury apartments are situated within gated communities. The cost of living in these apartments can be quite high, with entrance fees alone often reaching six figures.