The Multi-Gen Home Buying Trend

The Multi-Gen Home Buying Trend

Sandie Timm, Sales Associate

For a growing share of homebuyers, the decision of which home to buy takes into consideration having space for their aging parents. Almost one in five U.S. homes purchased by 46- to 60-year-olds between July 2024 and June 2025 was a multigenerational residence, according to the 2026 Home Buyers and Sellers Generational Trends Report by the National Association of REALTORS®. That's a striking share of the market and a trend that I’ve seen firsthand in helping buyers search for new home.

According to Pew Research Center, the age 75+ age segment is the fastest growing demographic in the United States and California has the highest number of Baby Boomers. The purchase of a multigenerational home allows adult children to keep an eye on their aging parents and avoid the high costs of assisted living, while their parents retain independence within a shared space.

Accommodating aging parents carries a price tag. U.S. buyers pay 22% more per square foot for homes built specifically to accommodate older Americans. These homes are configured with features like separate entrances, private suites, main level bedrooms, or accessory dwelling units, reports Realtor.com in "Under the Same Roof: Multigenerational Living in the U.S." 

Together, these numbers tell a clear story: multigenerational living isn't a niche accommodation, it's a mainstream housing need, and buyers will pay a premium for homes designed to support it. As caregiving needs and the cost of caring for aging parents rise, expect this segment of the market to keep growing. 

Reach out to The Dreyfus Group, Golden Gate Sotheby’s International Realty to learn more about how we can help you find a home that is right for you and your unique family circumstances.