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Multi-generational Housing Trends 

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According to a recent report by the Pew Research Center that analyzed census data, in 2014, 60.6 million people, or 19 percent of the U.S. population, lived in multi-generational households.

Recent statistics are showing that multi-generational households have been steadily increasing. Multi-generational households are defined as having two or more adult generations or one that includes grandparents and grandchildren. According to the report, the increase in multi-generational households spans across all racial and ethnic groups, but Asians, Hispanics, and foreign-born Americans are most likely to live in multi-generational households. Aging baby boomers are a large driving force—and this population is growing rapidly—as well as younger adults who struggle to establish careers after college or who have other financial reasons such as the recent recessionary period.

This growth trend is having influences on the housing industry as well. We see this in Bend and Oregon with the Accessory Dwelling Unit trends and the appeal of tiny home structures. Although many of these are motivated by rental income, there are many that are multi-generational housing situations. Older adults tend to downsize and prefer independent living close to relatives over assisted or retirement housing. The National Association of Homebuilders reports an increase in remodeling requests for aging in place. The preference is for each generation to have separate living quarters for privacy. National builders such as Lennar Homes have also designed a NextGen home which is described as a home within a home, with plenty of places for family to interact, but private places as well so family members have their own space to retreat. There are also companies building small modular ADUs that are like tiny homes, but not on wheels, that are placed on existing properties.

A successful multi-generational home can have many advantages in terms of shared costs and care for each other, and the trend seems to be growing. This will have implications in the ongoing affordable housing crisis as a solution for the growing, aging, baby boomer population. If this segment downsizes and moves into multi-generational households, this will bring more homes available for sale to first time homebuyers. The trend will also create pressure for some changes in zoning laws to accommodate placing additional structures on existing properties.

Housing Round-up

LOW

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20071 Mount Hope Ln., Bend, OR 97702

3 beds, 2 baths, 1148 square feet, .10 acre lot | Built in 2005

$233,000

Listed by RE/MAX Land & Homes Real Estate

MID

61107 Solitude, Bend, OR 97702

3 beds, 2.5 baths, 1600 square feet,

.09 acre lot | Built in 2011

$357,000

Listed by The Associates Realty Group

HIGH

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734 NW Harmon Blvd, Bend, OR 97701

3 beds, 2.5 baths, 2034 square feet, .

22 acre lot | Built in 1951

$1,500,000

Listed by Bend Premier Real estate

Photos and listing info from Central Oregon Multiple Listing Service

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