Senior Housing Occupancy Hit New Record-Low of 78.8%
In the first three months of the year, U.S. senior occupancy fell to a new record-low level, of 78.8%.
That occupancy rate was 1.8 percentage points lower than in Q4 2020 and 8.7 percentage points lower than a year prior, according to NIC MAP Vision data released Thursday by the National Investment Center for Seniors Housing & Care (NIC).
Assisted living occupancy was even lower, hitting 75.5% in the first quarter. Independent living occupancy sat at 81.8%.
Some markets outperformed national averages, with San Francisco leading the pack at 84.2% senior housing occupancy, followed by San Jose at 83.4% and Seattle at 82.9%. At 72.9%, Houston had the lowest occupancy, along with Atlanta (73.5%) and Cleveland (74.2%).
The occupancy statistics indicate that Covid-19 vaccine clinics, which were being held in senior living communities during the first three months of the year, did not immediately translate into census gains.