Multigenerational Homes Are on the Rise
Multigenerational Homes Are on the Rise
![]() As loved ones start to get older, we start to wonder: how long will they be able to live alone? Will they need someone there to help them with daily life? There’s a reason to ask those questions now more than ever, as the average age in the U.S. is 78 years old! As a result, 41% of Americans in the market are searching for a home that can accommodate a multigenerational family. The graph below shows the number of people by generation that purchased a multigenerational home because they will either be taking care of an aging parent or they just want to spend time together. The University of Oxford
Boston College
This research gives helpful insight into why 41% of Americans are in the market to buy a multigenerational home. Bottom LineIf you have a home that could accommodate a multigenerational family and are thinking about selling, now is the perfect time to put it on the market! The number of buyers looking for this type of home will only continue to increase. |
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