Why More People Are Buying Multi-Generational Homes Today

Did you know that 17% of homebuyers are now opting for multi-generational homes — the highest level ever recorded by the National Association of Realtors (NAR)? Whether it’s parents, adult children, or even extended relatives living under one roof, this trend is reshaping how families think about homeownership.

Why Are Multi-Generational Homes Becoming More Popular?

1. Affordability
The rising costs of homeownership have made it harder for many individuals to buy a home on their own. Multi-generational living allows families to pool their resources to make homeownership more attainable.

By sharing expenses like the mortgage, utilities, and other household costs, families can stretch their budgets further. As Rick Sharga, Founder and CEO at CJ Patrick Company, explains:

“There are a growing number of multi-generational households across the country today, and affordability is one of the reasons for this.”

This approach can even help families afford larger homes that provide the space they need, despite today’s high rates and prices.

2. Care for Aging Parents
Caring for parents has long been a key motivator for choosing multi-generational homes, and it remains a meaningful reason for many buyers.

3. Closer Family Bonds
Living together can strengthen family relationships by creating more opportunities for quality time and shared experiences.

The Bottom Line

If rising costs are making it tough to afford a home, a multi-generational home could be the solution — offering both financial savings and meaningful family connections.

Let’s explore your options and find a home that fits your family’s unique needs!

Finding ways to make your credit score better could help you get a lower mortgage rate. When you’re ready to get the process started, let’s connect.