The Rise of Multi-Generational Homes: A Powerful Buying Strategy

Why More Families Are Choosing Multi-Generational Homes

Affording a home solo is harder than ever—and more families are teaming up to meet the moment. According to the National Association of Realtors (NAR), 17% of buyers today are purchasing multi-generational homes, the highest share NAR has ever recorded.

That means more people are buying homes to live with parents, adult children, or extended family. So, what’s driving this shift? In a word: affordability.

Why Multi-Generational Living Is Growing
Back in 2015, caregiving was the top reason people chose to live together under one roof. But today, cost savings have become the #1 motivator. In fact, 36% of buyers in multi-generational households cited saving money as their primary reason for buying together. And with home prices and mortgage rates where they are, that’s not surprising.

When the market challenges you, it’s smart to rethink your approach—and that’s exactly what buyers are doing.

More Buying Power, Shared Expenses
Pooling resources doesn’t just stretch your budget. It creates opportunity. Combining incomes means you may qualify for a larger home. Sharing expenses like the mortgage, utilities, and upkeep makes the day-to-day more manageable. And it gives every generation under one roof the space they need to live more comfortably.

As Rick Sharga of CJ Patrick Company puts it, “Purchasing a property with a family member… is one way to improve affordability. And there are a growing number of multi-generational households doing just that.”

It’s Not Just a Trend—It’s a Smart Strategy
Multi-generational living is more than a trend—it’s a solution. According to Chris Berk of Veterans United, it’s a way for families to support one another and maximize buying power in a tough market.

And it’s catching on. Nearly 28% of today’s buyers are planning to purchase this way. So if your dream home feels just out of reach on your own, this could be the answer.

Bottom Line
In today’s market, multi-generational living isn’t just practical—it’s powerful. Whether it’s for financial reasons, family support, or both, buying with loved ones could get you into a home that works for everyone.

Would you ever consider buying with family? Let’s talk about whether it’s a good fit for your situation.

Amber Johnson, Founder
Pillar Real Estate
805.835.3425
[email protected]
1345 Park St. Paso Robles, CA 93446
DRE# 01925434