Multigenerational Living

Today, more Americans live in multi-generational households than at any time in the past 65 years. Over 64 million people live in multi-generational homes, which is 20% of the population. After a low point of multi-generational living of 12% of the population in 1980, the trend has been increasing ever since, with sharp increases after the Great Recession 10 years ago.

Benefits of Living in a Multi-Generational Home

• Shared mortgage

• Shared home and lawn maintenance

• Shared utilities

• Flexibility

• Decreased transportation costs

• Health and meal management

• Together is better

Whatever the reason for this trend towards multi-generational living, it means that homes with in-law suites or two master suites are more sought after than ever. The most appealing homes for multiple generations include a separate suite with its own bedroom, bath and living space, and ideally, a second kitchen, second laundry room, and private exterior entrance.