Nearly 4 Million American Homes Now House Multiple Generations, New Realtor.com® Report Finds

Rhea-AI Summary

Realtor.com (NWS) reports nearly 4 million multigenerational owner-occupied households in the U.S., with 4.5% of owner households multigenerational in 2024. The 2025 median list price for multigenerational homes was $709,000, about 65% above standard listings, and these listings saw 13.5% more page views.

Multigenerational homes command a per‑sq‑ft premium ($262 vs $215) and cluster in Western metros, with California metros leading listing share.

Positive

• Median list price of multigenerational homes: $709,000
• Demand signal: multigen listings received 13.5% more page views
• Per‑sq‑ft premium: $262 vs $215 (22% premium)
• Large national base: nearly 3.9 million multigenerational households in 2024

Negative

• Higher cost: 65% median price premium versus standard listings
• Supply imbalance: Midwest and parts of South show very low listing share (as low as 2.0%)
• Concentration risk: top multigen listing shares concentrated in California metros

News Market Reaction – NWS

-1.48%

-1.48% Session close to close

In the May 5 session, NWS declined 1.48%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement underscores growing demand for multigenerational homes, which carry a 65% list-pri...

Analysis

This announcement underscores growing demand for multigenerational homes, which carry a 65% list-price premium yet still attract 13.5% more page views on Realtor.com. The data add to a series of housing-focused releases on prices, land, and rents that frame News Corp’s real estate information franchise ahead of fiscal Q3 2026 earnings on May 7, 2026. Investors may watch how engagement trends, regional premiums, and inventory constraints evolve across key metros in future reports.

Key Figures

Multigen households share: 4.5% Median income: $131,000 Multigen median price: $709,000 +5 more

8 metrics

Multigen households share 4.5% Share of owner-occupied households in 2024

Median income $131,000 Median annual income for multigenerational households

Multigen median price $709,000 2025 median list price for multigenerational homes

Standard median price $429,900 2025 median list price for standard listings

Price per sq ft multigen $262 2025 median price per square foot multigenerational homes

Price per sq ft standard $215 2025 median price per square foot standard homes

Listing views premium 13.5% Multigenerational listings’ page-view premium vs standard

Days on market 59 days Median time on market for multigenerational listings

Historical Context

5 past events · Latest: Apr 30 (Neutral)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Apr 30	Housing data report	Neutral	+0.8%	April 2026 national housing metrics on prices, listings, and market pace.
Apr 29	Local rent trends	Neutral	+0.4%	Los Angeles County rent declines and shifting affordability dynamics.
Apr 28	Local rent trends	Negative	-1.3%	NYC rents hitting new highs with widening affordability gaps.
Apr 21	Earnings date set	Neutral	+0.3%	Announcement of fiscal Q3 2026 earnings release and webcast timing.
Apr 21	Land price report	Positive	+1.5%	Land prices up 76.6% since 2019 with tight listing supply.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent Realtor.com housing and land reports have been followed by relatively modest single-day share moves in either direction, suggesting these data releases are informational catalysts rather than major re-rating events.

Recent Company History

Over the past few weeks, News Corp releases have focused on Realtor.com housing data and corporate events. An April land report highlighted a national median land price of $62,365 per acre and generated the strongest recent positive move. Subsequent pieces on NYC and LA rents and an April housing report showed smaller, mixed price reactions around housing affordability and inventory trends. The upcoming fiscal Q3 2026 earnings date on May 7, 2026 provides the next scheduled fundamental checkpoint alongside these ongoing data-driven insights.

Key Terms

multigenerational households, median list price, price per square foot

3 terms

multigenerational households technical

"We define multigenerational households following the Census Bureau's definition"

A multigenerational household is a home where adults from two or more generations—such as children, parents and grandparents—live together under the same roof. For investors, this pattern affects demand for housing types, consumer goods, healthcare, and financial services because it changes spending, space needs and care responsibilities in predictable ways; think of it as different age groups sharing one household budget and floor plan, shifting market demand accordingly.

median list price financial

"In 2025, the median list price for a multigenerational house"

Median list price is the middle value of a group of asking prices when they are lined up from lowest to highest, so half the items are listed for less and half for more. For investors, it shows the typical asking price without being skewed by a few very high or very low entries—like using the middle rung on a ladder to represent an average step—helping assess market levels, compare pricing trends and spot unusual deviations.

price per square foot financial

"these homes ask $262 per-square-foot versus $215 for standard homes"

Price per square foot is the amount paid for one square foot of space in a property, calculated by dividing the total price by the property's area. Investors use it like a unit price—similar to comparing the cost per slice when buying a pizza—to quickly compare value across buildings, neighborhoods or time, spot bargains or overpriced assets, and estimate potential rental or resale returns.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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New report finds multigenerational homes command a 65% price premium yet still attract significantly more buyer interest than standard listings

AUSTIN, Texas, May 5, 2026 /PRNewswire/ -- With Mother's Day around the corner, nearly 3 million owner-occupied homes across the country have at least two mothers living under one roof among the nearly 4 million multigenerational households according to a new Realtor.com^® report. This report finds that multigenerational living is quietly reshaping American housing demand, with sellers asking for 65% more for multigenerational homes amid high competition, especially in Southern and Eastern markets where supply is thin. Multigenerational houses are homes whose descriptions include keywords such as  'guest house,' 'in-law suite' or 'granny-flat.'

"Multigenerational living is a meaningful force in the housing market," said Hannah Jones, senior economic research analyst at Realtor.com^®. "A sense of shared purpose and care is at the heart of multigenerational living, a housing arrangement that is quietly shaping American family life. What stands out in this data is that buyers are not being deterred by the higher price tags. The demand is strong and in a few parts of the country, the supply is struggling to keep up."

In 2024, 4.5% of all owner-occupied households were multigenerational, defined as containing three or more generations, which was up from 4.3% in 2019. The typical multigenerational household includes five people sharing a four-bedroom home, with a median annual household income of $131,000.

Multi-Generational Homes Are Not Cheap and Demand Is High

In 2025, the median list price for a multigenerational house on Realtor.com^® was $709,000, roughly 65% higher than the $429,900 median for a standard listing. Some of the premium is due to the fact that multigenerational homes are typically larger-sized. However, even on a per-square-foot basis, these homes ask $262 per-square-foot versus $215 for standard homes, a 22% premium driven by specialized features such as in-law suites, secondary kitchens, and dual entries, as well as their concentration in high-cost coastal markets.

Even with higher price tags, multigenerational listings received 13.5% more page views than standard homes and sold in the same median timeframe 59 days. This suggests demand is keeping pace with the higher price point.

California Dominates Supply. The Midwest and South Are Starved for It.

Regionally, the supply picture is dramatically uneven. Western metros account for the highest share of multigenerational home listings, averaging around 14%, compared to 6.1% in the South, 5.3% in the Northeast, and just 2.9% in the Midwest. All five of the top metros by multigenerational listing share are in California: Los Angeles (23.7%), San Diego (22.7%), San Jose (18.0%), San Francisco (17.4%), and Riverside (14.9%).

In California, multigenerational homes are more common and priced accordingly. In Los Angeles, the premium over a standard listing is just 1.6%. In San Francisco, it is 8.4%. Cultural tradition, housing costs, and an existing stock of purpose-built or adapted homes have made extended family living a mainstream option there.

The story is entirely different in the Midwest and parts of the South. Detroit, Cleveland, and Buffalo rank among the lowest metros for multigenerational listing share — 2.0%, 3.1%, and 2.5%, respectively — yet buyers in those see asking price premiums of 120%, 107%, and 94% over standard listings when a multigenerational home does come up for sale. Detroit listings attract 82% more page views than standard homes. Cleveland is close behind at 78%.

"In markets like Detroit and Cleveland, multigenerational homes are a rare find, and when one hits the market, buyers respond," said Jones. "The strong demand and steep premiums we are seeing in inventory-constrained markets point to a real mismatch between what buyers are looking for and what is actually available. For sellers in these markets, this type of home can be a significant asset."

Who Lives in Multigenerational Homes?

Multigenerational households reflect the diversity of American family life. Among owner-occupied multigenerational households, 44.9% are White, 25.8% are Hispanic, 13.5% are Black, and 11.1% are Asian. The arrangement is most prevalent in urban markets in the West and along the East Coast.

"While the share of multigenerational households held steady over the past decade, the number of families choosing to live this way grew from 3.2 million to 3.9 million between 2014 and 2024, a sign that multigenerational living is becoming an increasingly common choice for American families as high housing and childcare costs create strong reasons for co-living," said Jiayi Xu,  an economist at Realtor.com^®.

Among the 100 largest metros, Urban Honolulu, HI sees the highest share of multigenerational households at 12.1%, followed by Riverside, CA (10.9%), Stockton, CA (10.1%), McAllen, TX (10.1%), and Bakersfield, CA (8.8%). In addition, Bakersfield, CA, Riverside, CA, Stockton, CA  are also the markets seeing the fastest growth in share of multigenerational households over the past 10 years.

What Does This Means for Buyers and Sellers?

For buyers seeking a multigenerational home, timing and location strategy matter. Realtor.com^®'s Market Clock offers a market-specific look at the market to help families plan their search and sellers maximize their opportunity during peak demand windows.

50 Largest Metros Multigenerational Listing Data

Geo Name	Share Multigen Listings	Multigen Listing Price	Price vs Standard	Multigen Page Views vs Standard	Multigen Listing Price Per Sq Ft	Price Per Sq Ft vs Standard
United States	6.1 %	$709,000	64.9 %	13.5 %	$262	21.9 %
Atlanta-Sandy Springs-Roswell, GA	10.7 %	$608,000	44.1 %	30.0 %	$189	-1.0 %
Austin-Round Rock-San Marcos, TX	7.7 %	$775,000	55.0 %	33.3 %	$291	21.8 %
Baltimore-Columbia-Towson, MD	8.9 %	$744,900	38.0 %	9.4 %	$239	-2.8 %
Birmingham, AL	3.4 %	$539,000	81.2 %	73.7 %	$166	7.1 %
Boston-Cambridge-Newton, MA-NH	7.0 %	$1,099,900	15.9 %	-0.9 %	$375	-12.4 %
Buffalo-Cheektowaga, NY	2.5 %	$524,900	94.4 %	34.2 %	$191	4.9 %
Charlotte-Concord-Gastonia, NC-SC	4.4 %	$635,000	38.1 %	13.0 %	$221	0.5 %
Chicago-Naperville-Elgin, IL-IN	3.7 %	$587,990	51.2 %	30.6 %	$212	5.5 %
Cincinnati, OH-KY-IN	2.4 %	$599,999	64.8 %	40.3 %	$196	3.7 %
Cleveland, OH	3.1 %	$524,900	106.7 %	77.6 %	$162	11.0 %
Columbus, OH	3.3 %	$649,000	70.8 %	48.8 %	$207	2.0 %
Dallas-Fort Worth-Arlington, TX	5.6 %	$650,000	51.2 %	48.6 %	$222	9.9 %
Denver-Aurora-Centennial, CO	9.6 %	$850,000	23.4 %	6.3 %	$287	1.1 %
Detroit-Warren-Dearborn, MI	2.0 %	$550,000	120.0 %	82.0 %	$208	20.9 %
Hartford-West Hartford-East Hartford, CT	5.3 %	$699,000	40.1 %	-3.0 %	$256	-1.5 %
Houston-Pasadena-The Woodlands, TX	2.9 %	$520,000	38.7 %	50.0 %	$189	8.6 %
Indianapolis-Carmel-Greenwood, IN	3.2 %	$524,900	61.5 %	43.8 %	$161	3.2 %
Jacksonville, FL	6.2 %	$619,000	42.3 %	33.3 %	$251	11.6 %
Kansas City, MO-KS	2.7 %	$580,000	45.0 %	56.3 %	$182	-6.7 %
Las Vegas-Henderson-North Las Vegas, NV	4.7 %	$699,999	27.3 %	10.0 %	$261	-5.1 %
Los Angeles-Long Beach-Anaheim, CA	23.7 %	$1,419,800	1.6 %	-11.1 %	$692	-0.3 %
Louisville/Jefferson County, KY-IN	2.8 %	$550,000	69.2 %	36.2 %	$164	-8.4 %
Memphis, TN-MS-AR	2.7 %	$579,000	69.8 %	52.5 %	$161	1.3 %
Miami-Fort Lauderdale-West Palm Beach, FL	6.5 %	$1,200,000	51.9 %	5.3 %	$467	10.9 %
Milwaukee-Waukesha, WI	1.5 %	$695,000	73.8 %	36.6 %	$203	-7.3 %
Minneapolis-St. Paul-Bloomington, MN-WI	3.5 %	$699,000	33.2 %	26.6 %	$210	-5.8 %
Nashville-Davidson--Murfreesboro--Franklin, TN	6.8 %	$830,000	44.4 %	31.0 %	$292	12.3 %
New York-Newark-Jersey City, NY-NJ	5.7 %	$899,000	7.3 %	10.6 %	$365	-21.7 %
Oklahoma City, OK	3.4 %	$515,000	60.9 %	66.7 %	$180	4.7 %
Orlando-Kissimmee-Sanford, FL	8.7 %	$659,000	37.3 %	35.0 %	$242	2.1 %
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD	7.4 %	$699,000	39.8 %	7.5 %	$245	0.0 %
Phoenix-Mesa-Chandler, AZ	8.2 %	$640,000	20.8 %	30.0 %	$283	5.6 %
Pittsburgh, PA	2.8 %	$409,900	78.3 %	27.7 %	$175	10.8 %
Portland-Vancouver-Hillsboro, OR-WA	12.6 %	$849,900	28.8 %	16.7 %	$297	-6.3 %
Providence-Warwick, RI-MA	6.5 %	$775,000	24.0 %	-3.5 %	$300	-11.8 %
Raleigh-Cary, NC	6.2 %	$719,000	51.4 %	44.4 %	$237	7.2 %
Richmond, VA	5.9 %	$649,500	44.3 %	24.6 %	$212	-5.8 %
Riverside-San Bernardino-Ontario, CA	14.9 %	$718,000	19.7 %	16.7 %	$335	-1.5 %
Sacramento-Roseville-Folsom, CA	14.6 %	$749,990	17.9 %	11.9 %	$343	-0.6 %
Salt Lake City-Murray, UT	14.9 %	$799,900	22.3 %	11.8 %	$247	0.8 %
San Antonio-New Braunfels, TX	4.5 %	$573,105	68.6 %	65.2 %	$217	19.9 %
San Diego-Chula Vista-Carlsbad, CA	22.7 %	$1,419,000	18.8 %	-2.0 %	$606	-3.2 %
San Francisco-Oakland-Fremont, CA	17.4 %	$1,299,000	8.4 %	-5.8 %	$670	-0.4 %
San Jose-Sunnyvale-Santa Clara, CA	18.0 %	$2,050,000	20.7 %	5.1 %	$1,005	6.9 %
Seattle-Tacoma-Bellevue, WA	12.1 %	$970,000	11.6 %	16.7 %	$411	-1.0 %
St. Louis, MO-IL	3.9 %	$460,000	50.8 %	0.0 %	$212	28.5 %
Tampa-St. Petersburg-Clearwater, FL	9.0 %	$599,000	37.7 %	12.8 %	$263	6.0 %
Tucson, AZ	8.4 %	$524,990	26.5 %	32.1 %	$251	9.6 %
Virginia Beach-Chesapeake-Norfolk, VA-NC	4.4 %	$638,900	42.0 %	25.9 %	$209	-5.9 %
Washington-Arlington-Alexandria, DC-VA-MD-WV	10.9 %	$925,000	27.6 %	4.7 %	$271	-5.6 %

Methodology

Data sources include ACS 1-Year Estimates and Realtor.com® listing data. We define multigenerational households following the Census Bureau's definition — those households containing three or more generations. For the purpose of the research, we only focus on owner-occupied households.  Realtor.com® filtered its 2025 active listing database for for-sale single-family homes and condos, excluding rental properties, pending sales, and deleted records. A keyword-based classification model scanned property descriptions for terms such as "ADU," "guest house," "in-law suite," and "granny flat" to isolate properties marketed for multihousehold living. Performance metrics were aggregated across 50 major metropolitan statistical areas and the national level, measuring median list prices, price per square foot, days on market, and listing page views to compare multigenerational and standard property segments.

About Realtor.com^®

Realtor.com® pioneered online real estate and has been at the forefront for over 25 years, connecting buyers, sellers, and renters with trusted insights, professional guidance, and powerful tools to help them find their perfect home. Recognized as the No. 1 site trusted by real estate professionals, Realtor.com® is a valued partner, delivering consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.

Media Contact: Mallory Micetich, press@realtor.com

View original content:https://www.prnewswire.com/news-releases/nearly-4-million-american-homes-now-house-multiple-generations-new-realtorcom-report-finds-302761617.html

SOURCE Realtor.com

FAQ

How many multigenerational households did Realtor.com report in 2024 and what is the trend for NWS?

Realtor.com reports nearly 3.9 million multigenerational owner households in 2024. According to Realtor.com, the share rose from 4.3% in 2019 to 4.5% in 2024, reflecting gradual growth tied to housing and childcare cost pressures.

What is the 2025 median list price for multigenerational homes and how does it compare to standard homes (NWS)?

The 2025 median list price for multigenerational homes was $709,000, about 65% higher than standard listings. According to Realtor.com, a per‑square‑foot comparison shows $262 versus $215, a 22% per‑sq‑ft premium driven by specialized features.

Which U.S. metros have the highest share of multigenerational listings according to Realtor.com (NWS)?

California metros dominate: Los Angeles, San Diego, San Jose, San Francisco, and Riverside lead listing share. According to Realtor.com, all five top metros are in California, with Los Angeles at 23.7% multigen listing share.

How quickly do multigenerational homes sell and how much buyer interest do they receive (NWS)?

Multigenerational listings sold in a median of 59 days and received 13.5% more page views than standard homes. According to Realtor.com, higher prices have not reduced online engagement or median days on market.

What should buyers and sellers consider when targeting multigenerational homes after the May 5, 2026 Realtor.com report (NWS)?

Timing and location matter: buyers should target markets with supply; sellers can list during peak demand windows. According to Realtor.com, Market Clock data can help families plan searches and sellers optimize listing timing for multigenerational properties.