Multi-Generational Homebuying Hit a Record High

If you’ve noticed more families moving in together under one roof, you’re not imagining it. Multi-generational homebuying has officially hit a record high, and it’s changing the way we think about real estate, family life, and home design.

What Is a Multi-Generational Home?

A multi-generational home is one where at least two adult generations live together — think parents living with their adult children, or grandparents moving in to help care for grandkids. In some cases, three generations share the same household. These living arrangements are often driven by a combination of practical and emotional factors — and right now, they’re more common than ever.

Why the Rise?

Several key reasons are driving this trend:

1. Affordability Pressures

Rising home prices and mortgage rates have made it harder for individuals, especially younger buyers, to purchase homes on their own. By pooling resources, families can afford larger or better-located properties that may have been out of reach otherwise.

2. Family Support Systems

Many families find strength in living together. From helping raise children to providing elder care, multi-generational living fosters built-in support. With healthcare costs climbing and childcare expenses hitting all-time highs, this kind of shared living can offer both financial and emotional relief.

3. Cultural Values

In many cultures, living with extended family is the norm. As communities grow more diverse, multi-generational housing reflects the values and traditions of families who prioritize staying close and taking care of one another.

4. Flexible Housing Design

Homebuilders are adapting. More homes now include separate entrances, dual kitchens, in-law suites, or flexible floor plans that accommodate privacy and independence within a shared space. Renovations to existing homes are also on the rise, often to create space for aging parents or boomerang kids.

What Buyers Are Looking For

Today’s multi-generational buyers aren’t just looking for more space — they’re looking for smart space. That means:

• First-floor bedrooms or full suites

• Finished basements or lofts for privacy

• Separate living areas or “homes within a home”

• Multiple bathrooms

• Ample parking or garage space

• Outdoor areas that offer breathing room
  
  

Is It Right for You?

Multi-generational living isn’t just a response to market conditions — it’s a lifestyle decision. It can offer closeness, cost savings, and convenience, but also requires clear boundaries and communication. If you’re considering buying or remodeling for this kind of setup, a real estate professional can help you find a home that meets everyone’s needs.

Bottom Line:

The record rise in multi-generational homebuying reflects a powerful shift in the way families live, share, and support one another. It’s more than a trend — it’s a new way forward in a changing housing landscape.

Want to explore homes that suit multi-gen living? I’d be happy to help you find the right fit.