Multigenerational Living is Booming—Here’s Why It Matters More Than Ever

In 2010, 5.1 million U.S. households were considered multigenerational. By 2020, that number had climbed to 6 million. Fast forward to 2025, and the shift is undeniable—over 59 million Americans now live in homes shared by multiple adult generations. This trend is no longer a niche—it’s a defining feature of modern family life.

So, what’s behind the growing appeal of multigenerational living? The reasons are as practical as they are personal.

The Forces Driving Multigenerational Living

Housing affordability

Home prices and mortgage rates have surged in recent years. Meanwhile, Millennials and Gen Z are earning about $10,000 less than their parents did at the same age (when adjusted for inflation). For many, pooling resources with family makes homeownership possible.

Elder care costs

Long-term care and assisted living can be prohibitively expensive. Many aging parents prefer to stay in their own homes—or move in with family. Multigenerational living offers a way to provide care while keeping loved ones close.

Childcare savings

With daycare costs hitting record highs, families are leaning on grandparents for help. It’s a win-win: parents save money, kids build deeper relationships with their grandparents.

The remote work revolution

Flexible and remote work arrangements mean adults no longer need to live near the office. This makes it much easier for multiple generations to share a home without disrupting their careers.

But it’s not all about finances. Many families are discovering the emotional and practical benefits of living together—shared responsibilities, stronger bonds, and a built-in support system.

What to Look for in a Multigenerational Home

Whether you’re thinking of buying or remodeling to accommodate your extended family, certain home features can make all the difference.

Today’s multigenerational buyers want:

• Separate living areas (think: finished basements, in-law suites, or accessory dwelling units)
• Dual kitchens or kitchenettes for independence
• Universal design features like wider doorways, step-free entries, walk-in showers, and main-floor bedrooms
• Multiple entrances for privacy and convenience

Already own a home? Retrofitting your space—like converting a garage, basement, or underused dining room—can add both comfort and long-term value.

Selling a Home? Highlight Multigenerational Potential

Planning to sell your home? Think like a multigenerational buyer.

Homes that offer flexible layouts and privacy-friendly features tend to:

• Sell faster
• Command higher prices
• Appeal to a broader pool of buyers

Even if your home wasn’t designed with extended families in mind, smart staging and clear marketing can go a long way. A spare bedroom with a private entrance or a bonus room that could be converted into a suite? Those are selling points worth emphasizing.

Investors, Take Note: This Trend Is a Goldmine

Multigenerational housing isn’t just a lifestyle—it’s a smart investment.

Berkshire Hathaway called it a “goldmine for remodelers,” and they’re not wrong. With demand rising, properties that can accommodate shared living are increasingly valuable.

If you’re a homeowner, converting unused space into a rentable suite or adding accessibility features can significantly boost your home’s appeal. Investors, meanwhile, can look for properties with conversion potential or develop new rentals designed for multigenerational tenants.

The Future of Family Living

Builders are starting to catch on. Across the country, new developments are including:

• Private quarters for grandparents or adult children
• Shared family spaces that balance community and privacy
• Aging-in-place features that reduce the need for future renovations

This shift is about more than finances—it’s about how families live, connect, and support one another in the real world. Homes that accommodate multiple generations offer flexibility, stability, and a built-in support system for every stage of life.

Bottom Line: The Way We Live Is Evolving

Whether you’re buying, selling, or investing, understanding the rise of multigenerational living can help you make smarter, more compassionate real estate decisions in 2025 and beyond.

Looking for a home that works for your whole family—or want help marketing one? I’d love to chat.