Have you noticed how the definition of "home" is evolving?
In today’s economic and social landscape, families are coming together in ways we haven’t seen in decades. Multi-generational living—where adult siblings, children over 18, parents, or grandparents reside with the primary homebuyer—is on the rise. According to the National Association of Realtors’ (NAR) latest Profile of Home Buyers and Sellers, 17% of homes purchased last year were multi-generational households. That’s the highest percentage recorded since NAR began tracking this trend in 2013.
So, why are more families choosing to live under one roof? The reasons are as diverse as the families themselves:
Why Multi-Generational Living is Growing
Cost Savings (36%) Rising housing costs and economic challenges make it harder for young adults to afford their own homes and retirees to maintain theirs. By pooling resources, families can ease financial strain and build wealth together.
Caring for Aging Parents (25%) With an aging population, many families are stepping up to provide care for elderly relatives while keeping them close to loved ones.
Young Adults Moving Back Home (21%) Whether saving for a downpayment or navigating career transitions, adult children often find a temporary haven with their families.
Cultural Traditions and Stronger Bonds In many cultures, multi-generational living has always been a way of life. Families find emotional and practical support by staying close.
Who is Buying Multi-Generational Homes?
The demographics of multi-generational homebuyers are fascinating, according to NAR’s data.
Age: Most buyers are 45 and older, but younger buyers are also part of the mix, reflecting how this trend transcends generations.
Diversity: Multi-generational buyers are more racially and ethnically diverse compared to all homebuyers, with 27% identifying as non-White.
Family Composition: Married couples lead the way (58%), but single females are significant contributors, especially among African American buyers.
The Sandwich Generation: Juggling Two Generations Under One Roof
Middle-aged adults, often dubbed “The Sandwich Generation,” are balancing care for both aging parents and children under 18. For these families, multi-generational living is a necessity and a gift, allowing them to support loved ones while building stronger relationships.
But it’s not without challenges. Sharing space requires navigating privacy, interpersonal dynamics, and financial responsibilities. Families must also balance their own goals with the needs of others—a delicate act, but one that many are willing to embrace.
The Raleigh Connection
Here in Raleigh, where the housing market is thriving, multi-generational homes are becoming more sought after. Many neighborhoods are adapting to meet the demand, offering homes with in-law suites, flexible layouts, and plenty of space for everyone.
Whether you’re driven by financial factors, caregiving needs, or simply the desire to stay close, multi-generational living might be the perfect solution for your family.
Is Multi-Generational Living Right for You?
If this trend resonates with you, let’s explore the options. As someone who’s deeply invested in the Raleigh real estate market, I can help you find a home that fits your family’s unique needs.
Home is more than just a house—it’s the people we share it with.
