Good Housekeeping
Multigenerational living isn't new — the concept of two or more adult generations sharing a roof is historically common. While it became less popular in the 20th century (possibly due to the rise of assisted living facilities and the increased affordability of independent living), the trend is slowly reversing.
The National Association of Realtors' 2025 Home Buyers and Sellers Generational Trends report reveals that 17% of all home buyers purchased a multigenerational home between July 2023 and June 2024 – up from 14% the previous year. Generation X (those born between 1965 and 1980) are leading the way, with 21% buying multigenerational homes.
The biggest reason for purchasing a multigenerational home: Cost savings. According to NAR's report, 36% of homebuyers chose a multigenerational home to save money.
Whether it's due to student loan debt, the housing market or a cultural shift, it's evident that adult children aren't in a rush to move out of their parents' homes. According to NAR's report, 21% of multigenerational households exist because children over the age of 18 are moving back home, while an additional 20% of adult children never left.
The population is aging and more families are choosing to provide care for elderly relatives. According to NAR's report, 25% of buyers purchased a multigenerational home to take care of aging parents.