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Senior Resources » Shared Housing » Michigan » Grand Rapids » New Development Corporation

New Development Corporation

Overview

New Development Corporation Location

Address: 205 Carrier Ne, Grand Rapids, MI 49505

About Grand Rapids, Michigan

Grand Rapids, a city located in the state of Michigan (MI), is home to a population of approximately 609,023 people. Grand Rapids boasts a median age of 31.8, with around 17.5% of its residents aged 60 or above. 4.3% of the population identifies as US Veterans. 11.6% of Grand Rapids residents are disabled. The city has an average household income of $61,634, while the unemployment rate stands at 5.6%, and around 19% of the population is considered to be living below the poverty level. In terms of housing, the average home value in Grand Rapids is $203,303, with a monthly rent averaging $1,138.

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About Shared Housing

Shared housing is when two or more people share a living space for mutual benefit. A head-tenant, the owner or renter of a property, enters into an agreement with a sub-tenant, in which rent or housework is exchanged for room and board.

If you're a senior or retiree living on your own, shared housing could be the ideal option to explore! By sharing a home with fellow community members, you can alleviate financial burdens, enjoy companionship, and focus on living life to the fullest. Discover the benefits of shared housing and how it can enhance your retirement experience.

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