Why Multigenerational Homes Are on the Rise
My Family’s Been Doing it for Years
If you’ve read my previous posts about the Family Opportunity Mortgage or how non-occupying co-borrowers can help families qualify for the home they need, this will feel familiar—but this time, it’s also personal.
According to the latest NAR Profile of Home Buyers and Sellers, 17% of homes purchased in 2024 were multigenerational, a record high. But for my family, this isn’t a new trend—it’s our everyday life.
👵 Our Multigenerational Setup at Home
My family has been living multigenerationally for years. My mother-in-law has her own suite in our home, complete with her own kitchen, garage, and living space. It’s not just a house—it’s a layout that lets us care for one another while still giving everyone independence and privacy.
And we’re not stopping there. My dad still lives on his own right now, but when he’s ready for something different, we already have space for him too. It's peace of mind, and honestly, a blessing.
🧾 Why More Families Are Living Together
The data backs up what I see and live every day. Families are coming together for all kinds of reasons:
36% of buyers in 2024 cited cost savings as their reason for buying multigenerational homes (up from 15% in 2015!)
More adult children are moving back home, or never moved out
Others are making space for aging parents who need care—or just company
And this setup works. It’s flexible, practical, and full of heart.
👨👩👧👦 Which Generations Are Leading This Shift?
Gen X (ages 45–59) are buying multigenerational homes the most—21% in 2024, nearly doubling since 2013.
Older millennials (ages 35–44) are following closely at 12%, balancing kids and caregiving.
Younger boomers (ages 60–69) are buying multigenerational homes less often, down to 15% from 22% in 2013.
What I find interesting? These are also the same groups who often need creative lending strategies—and that’s where I can help.
💡 Financing Can Make This Possible
You don’t need to figure this out alone. If you’re exploring multigenerational living, here are two powerful tools to consider:
✅ Family Opportunity Mortgage: This allows you to buy a home for a parent or child—even if you won’t live there—and still qualify with primary residence terms. (I wrote about this in more detail here)
✅ Non-occupying co-borrowers: A great way to boost your qualifying power by including income from a family member who won’t live in the home. (More on that here)
👶 More Than Just Money—It’s About Relationships
According to the report, 27% of multigenerational homes have kids under 18. Older millennials especially are caring for both their children and aging parents—35% bought their homes to care for a parent’s health, and 32% wanted to spend more time together.
🎯 Is This Right for Your Family? Let’s Find Out
Multigenerational living isn’t just a passing trend—it’s a smart, heartfelt solution to today’s economic and family realities. Whether you're looking to support your parents, make space for adult kids, or build something more flexible, this lifestyle is more possible than you might think.
And I’d love to help you figure it out—because I’m not just talking about it, I’m living it too.
📩 Want to explore your options?
Fill out the form below or schedule a call—I’d be honored to help your family find the right fit.
