More families are pooling their resources to afford a home in 2025. Learn why multigenerational living is on the rise—and how it could be a smart move for your family.
What Is Multigenerational Homebuying?
Multigenerational homebuying means purchasing a home with parents, adult children, or even extended family members—all under one roof. This trend is gaining serious momentum, and for good reason.
📈 The Numbers Don’t Lie: A Record High in 2025
According to the National Association of Realtors (NAR), 17% of homebuyers in 2024 purchased a home to share with family—the highest share ever recorded.
And it’s still rising: nearly 3 in 10 buyers are planning to purchase a multigenerational home in the near future.
💸 Why the Surge? Affordability Is the #1 Driver
While caregiving has long been a motivator, today’s top reason is clear: affordability.
In 2024:
- 36% of multigenerational buyers cited cost savings as the main reason.
- That’s up from just 15% in 2015.
By combining incomes and sharing costs like mortgages, utilities, and caregiving, families are finding homeownership within reach—even in a challenging market.
“There are a few ways to improve affordability, at least marginally. . . purchase a property with a family member — there are a growing number of multi-generational households across the country today, and affordability is one of the reasons for this.”
— Rick Sharga, Founder and CEO at CJ Patrick Company
👨👩👧👦 Top Reasons Families Are Choosing Multigenerational Homes
- 💰 Cost savings – 36%
- 👵 Caring for aging parents – 25%
- 👩🎓 Adult children moving back – 21%
- 🧑🧑 Kids over 18 never left – 20%
📊 The Financial and Practical Advantages
Multigenerational living isn’t just about saving money. Families benefit from:
- Reduced housing expenses – Shared mortgage, utilities, and maintenance
- Boosted purchasing power – Qualify for a larger or better-located home
- Shared caregiving costs – Elder care, childcare, and other family needs
❤️ Emotional and Social Benefits
- Strengthen family bonds
- Built-in support system for children and elders
- Foster cultural values and traditions
- Allow parents to age in place
- Reduce your household’s environmental impact
🏡 Market Update: A Window of Opportunity
With mortgage rates dipping to 6.67% on average for a 30-year fixed loan, now might be the perfect time for families to consider this path forward.
🤔 Is Multigenerational Living Right for You?
If you’re feeling the squeeze of high home prices, this could be your opportunity. Multigenerational homebuying lets you pool resources, support your loved ones, and secure a home—all at once.
💬 What Do You Think?
Would you ever consider buying a home with family? Why or why not?
Share your thoughts in the comments!
🤝 Let’s Talk About Your Options
If you’re exploring new ways to make homeownership happen in 2025, let’s connect. I’ll walk you through the pros, cons, and possibilities for you and your loved ones.
📩 Know someone who could benefit from this article? Share it with them today!
