Senior Living and Reverse Mortgages in Hollywood
Hollywood is a major coastal city in Broward County, situated directly between Fort Lauderdale and Miami along Florida's Atlantic coast. As of April 2026, the city is home to roughly 162,000 residents spread across more than 60 distinct neighborhoods, from oceanfront condominiums and historic single-family enclaves to inland golf and lakefront communities. Hollywood ranks as the 12th-largest city in Florida and the third-largest city in Broward County, and is best known for its 7-mile stretch of Atlantic coastline and the historic beachfront Broadwalk — a 2.5-mile pedestrian promenade dating to the city's 1920s founding.
This combination of beachfront real estate, established inland neighborhoods, and a long-tenured homeownership base makes Hollywood an especially relevant market for reverse mortgages. The typical homeowner here has accumulated substantial equity over the past decade — equity that a Home Equity Conversion Mortgage (HECM) or Jumbo Reverse Mortgage can convert into tax-free retirement income without requiring a sale or a monthly mortgage payment. For beachfront and high-value Emerald Hills properties, a Jumbo Reverse Mortgage often unlocks significantly more equity than the standard HECM lending limit.
Senior homeowners in Hollywood also benefit from Florida's lack of state income tax, a robust homestead exemption, and access to one of the most extensive senior healthcare networks in the country across the broader Miami–Fort Lauderdale metropolitan area. These factors combine to make aging in place not just possible, but financially practical — particularly when home equity is leveraged strategically alongside Social Security, retirement accounts, and other assets.
Per the 2024 American Community Survey 5-Year Estimates (released December 2025), Hollywood's median household income sits around $67,000, with a citywide per capita income above $40,000. The city is among the more ethnically diverse in South Florida, with a Hispanic and Latino community of roughly 40%, a Black or African American community of about 16%, and a notable foreign-born population making up more than a third of residents. English, Spanish, and Haitian Creole are all spoken in meaningful numbers.
From the iconic Broadwalk and Atlantic beaches to championship golf, an active downtown arts and dining district, and easy access to two major international airports, Hollywood offers retirees a genuinely cosmopolitan coastal lifestyle — often at more accessible price points than neighboring Aventura or Sunny Isles Beach. For homeowners aged 62 and older — or as young as 55 for select proprietary programs — a Hollywood reverse mortgage can unlock the financial flexibility needed to fully enjoy it.
To find out how much equity you could access from your Hollywood home, contact Florida's Best Reverse Mortgage Company today for a free, no-obligation quote. Our team specializes exclusively in Florida reverse mortgages and we'll come to your Hollywood home if that's easier than visiting one of our offices.
Demographic and housing figures referenced on this page are drawn from publicly available U.S. Census Bureau data and standard real estate market reporting. Figures are estimates and may change as new data is released.
