With housing affordability declining over the past few years, families of several generations are more likely to live under one roof. One developer in New England has taken advantage of this trend, creating a community specifically designed for multigenerational households. According to real estate marketing platform Realtor.com, the 15-unit community by Etchstone Properties features designs for two-family homes. Fully independent, each of the homes within the duplex design has a separate garage and its own entrance with private walls and utilities.
Although the multigenerational housing segment remains a small part of the housing market, the idea has grown in the past few years. In fact a recent survey shows 83% of respondents would consider buying and living with another family member in order to afford a home.
While just 0.23% of homes listed for sale suggested “multigenerational housing” in 2024, the share has increased significantly in recent years. In 2020–22, less than 0.1% of listings mentioned “multigenerational.” This share increased in both 2023 and 2024. Read more
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In today's housing market, finding an affordable option for families can be a challenge. But one innovative solution is on the rise: multigenerational housing communities.
These communities are designed to bring together multiple generations under one roof, allowing families to share living spaces and expenses. This not only provides cost savings, but also creates a strong sense of community and support.
By living together, families can pool resources and share responsibilities, making it easier to afford larger homes with more amenities. Grandparents can help with childcare, while adult children can provide care for aging parents. It's a win-win situation for everyone involved.
Multigenerational housing communities are popping up all over the country, offering a range of housing options from single-family homes to apartments. They provide a sense of belonging and connection that is often lacking in today's fast-paced world.
So if you're looking for an affordable and supportive living arrangement for your family, consider joining a multigenerational housing community. It could be the perfect solution for your family's needs.
Tags:
- Multigenerational housing
- Affordable family living
- Community living options
- Intergenerational living
- Multi-family housing
- Cost-effective housing solutions
- Shared living spaces
- Family-friendly neighborhoods
- Housing affordability
- Community living benefits
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