The Rise of Multigenerational Living in Portland and Beyond

Multigenerational living isn’t just a passing trend—it’s a movement that’s reshaping the way families live and buy homes. Whether you’ve noticed it in your neighborhood or are considering it for your own family, let’s break down the why, who, and how behind this growing shift.

The Stats: A Growing Trend

  • 1 in 4 Americans now live in multigenerational households (three or more generations under one roof). This number has nearly quadrupled in the last decade. (Generations United, 2021)
  • According to the 2025 Home Buyers and Sellers Generational Trends Report (NAR):
    • 17% of all homes purchased last year were multigenerational.
    • 21% of Gen X buyers (45–59) bought multigenerational homes.
    • 15% of Younger Boomers (60–69) did the same.
    • 12% of Older Millennials (35–44) joined in too.

Why the shift?

In 2024, buyers cited several reasons for choosing multigenerational living:

  • 36%: Cost savings
  • 21%: Adult children moved back home
  • 20%: Adult children or relatives never left home

Rising living costs, student loan debt, caregiving needs, and evolving family values are all fueling this movement.

Why Families Choose Multigenerational Living

  • To save money by pooling resources
  • To provide childcare or eldercare within the family
  • To stay aligned with cultural traditions and expectations
  • To help adult children transition into independence in a tough housing market

From a Broker’s Perspective

Here in Portland, we’re seeing more families ask specifically for multigenerational options. These arrangements can be incredibly rewarding—but they also take thoughtful planning.

The key is finding the right property that balances space, privacy, and togetherness. It isn’t one-size-fits-all.

Your Path to Buying a Multigenerational Home

If you’re ready to explore this lifestyle, here are the steps and housing options to consider:

1. Get Pre-Approved for a Mortgage

  • Include all contributing household members.
  • Explore co-signing if needed.

2. Start Your Search: 4 Main Options

Option 1: Resale Home Already Set Up for Multigenerational Living

  • Pros: Affordable, move-in ready
  • Cons: Limited inventory, high competition in Portland

Option 2: Duplex or Triplex

  • Great for families who want separation plus investment potential

Option 3: New Construction Designed for Multigenerational Use

  • Builders are starting to design for this need.
  • Example: The 2025 Street of Dreams in Lake Oswego will feature a home accommodating four generations with a great-grandma suite, a full kitchen suite for grandma, the main family home, and a separate mother-in-law suite.
  • Pros: Custom finishes, modern design
  • Cons: Limited availability, longer build timelines

Option 4: Build an Accessory Dwelling Unit (ADU)

  • Pros: Customizable, private, and often more space
  • Cons: Zoning restrictions, upfront costs, and construction time

Final Thoughts

Multigenerational homes are on the rise for good reason. They offer financial flexibility, emotional connection, and a long-term plan for families. The key to making it work? Clear communication and the right home selection.

If you’re considering multigenerational living in Portland, let’s connect and explore homes that fit your family’s unique needs.

Sources:

  • Generations United, 2021 Survey
  • National Association of REALTORS®, 2025 Home Buyers and Sellers Generational Trends Report

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