With mortgage rates hovering above 6% and Utah’s median home price around $520,000, finding an affordable home can feel out of reach for many families. But a growing number of Utahns are turning to a creative solution — multi-generational housing — where multiple generations live under one roof.
At first glance, it may sound old-fashioned, but it’s becoming one of today’s most practical ways to achieve homeownership. According to the Kem C. Gardner Policy Institute, about 5% of Utah households — roughly 60,000 homes — now qualify as multi-generational. Nationally, nearly 1 in 5 homebuyers fall into this category, and that number continues to rise.
A lot of families are following this leading the trend. After facing high prices and limited options, they decide to build a home that allows three generations to live together — grandparents downstairs, parents and kids upstairs — combining resources, support, and financial strength to make it possible.
As housing costs continue to rise, this approach offers more than just affordability. It creates stronger family connections, shared responsibilities, and the peace of mind that comes from having loved ones close by.
We’re seeing more clients explore this lifestyle — from first-time buyers teaming up with parents to families looking to downsize and simplify as well as people having renters in ADU’s. Whether you’re searching for a property that can grow with your family or looking to explore financing options for multi-generational living, we can help you find a smart solution that fits your goals.
👉 Thinking about buying a home with family? Let’s talk about how to make it work in today’s market.
https://www.ksl.com/article/51386469/how-some-utah-families-are-trying-to-find-an-affordable-home
