Multigenerational Living on the Rise in the U.S. Amid Housing Crisis
The trend of multigenerational living is gaining traction in the United States as housing and childcare costs continue to rise. According to a report by Realtor.com, nearly 4 million multigenerational households exist in owner-occupied homes, representing 4.5% of all such households. This marks an increase from 4.3% in 2019. The typical multigenerational household consists of five people sharing a four-bedroom home, with a median annual income of $131,000. The report highlights that multigenerational living is most prevalent in urban markets in the West and along the East Coast, where housing costs and cultural traditions make this living arrangement more common. The demand for these homes is reshaping the housing market, with sellers able to command higher prices due to limited supply. 
