The purpose of this study was to find the degree of satisfaction of the Korean elderly with their existing residential environment and their propensity to move. The data were collected through interviews and structured questionnaires. The subjects were 1,200 nationwide elderly over the age of 60 selected by probability sampling proportionate to size. cluster and random sampling method. The data were analyzed with frequency. percentage. and $X^2$-test using the SAS package. The major findings were as follows: Most subjects were satisfied with their housing environment and had no intention of moving. The subjects were highly satisfied with their residential environment. did not tend to move. This result does not necessarily mean that there is no need for better housing and no need to design elderly housing in Korea. It implies the need for community integrated housing development with flexible service system.