Stabilized occupancy in senior housing reached 90.4 percent in second quarter 2026, holding above 90 percent for a second consecutive quarter. Total occupancy across all properties rose to 89.9 percent, a 20th consecutive quarterly gain and an increase of roughly 200 basis points over the past year, from 87.9 percent in second quarter 2025.
For an investor weighing senior housing against other property types, the stabilized figure is the more telling one: Once a community completes lease-up, it is running close to capacity, and the gap with the headline rate reflects newer product still filling rather than soft demand.
Demand continues to outpace new supply
The second quarter marks the 20th consecutive quarter in which absorption, the net change in occupied units, exceeded inventory growth, the net change in operational units, continuing to push occupancy hig
