Multi-generational living is gaining momentum nationwide — and right here in Long Beach, CA, we’re seeing the trend reflected in the types of homes buyers are searching for.

According to the latest report from the National Association of Realtors (NAR), a record-breaking 17% of homebuyers are now purchasing homes with the intention of living with parents, adult children, or extended family. It’s a shift that’s reshaping the local housing market and changing the way many families approach homeownership in Long Beach.

What’s Driving the Trend Toward Multi-Generational Homes?

The top reason? Affordability. With Long Beach home prices continuing to rise and mortgage rates staying higher than in years past, many buyers are looking for creative solutions — and combining resources with family members is one of the smartest moves they can make.

In fact, in 2024, 36% of multi-generational homebuyers said that saving money was their primary motivation — more than double the percentage who said the same in 2015.

While caregiving and proximity to aging loved ones are still common motivators, today’s buyers are focused more than ever on stretching their budgets and maximizing their buying power.

Pooling Resources to Afford a Home in Long Beach

With real estate prices in popular neighborhoods like Bixby Knolls, Belmont Heights, and Lakewood Village staying competitive, buying solo can be out of reach for some. But when families team up — combining incomes and sharing costs like mortgage payments, property taxes, and utilities — multi-generational living becomes an affordable and practical path to homeownership.

In many cases, purchasing together can even allow you to qualify for a larger home with more bedrooms, a guest suite, or a separate living area — perfect for privacy and shared living.

Whether it’s a Spanish-style home in Bluff Heights, a mid-century modern property with a detached ADU, or a ranch-style house with a spacious yard in El Dorado Park Estates, Long Beach offers great options for families looking to live together without sacrificing space or comfort.

Is a Multi-Generational Home Right for You?

Nearly 3 in 10 buyers say they’re considering this path — and with good reason. As Chris Berk, VP at Veterans United, explains: “Multigenerational homes are more than a trend: They are a meaningful solution for families looking to care for one another while making the most of their homebuying power.”

If you’re exploring options for buying a home in Long Beach with family members — whether to save money, support aging parents, or create more flexibility — working with a local expert can help you understand what’s available and what’s possible.

Bottom Line

If you’re feeling priced out of the market, multi-generational homeownership in Long Beach could be a smart and sustainable solution.

Would you consider buying a home with family? What type of layout would work best for your needs?

Let’s connect — I’d be happy to show you properties that fit your goals, whether you're looking for multi-generational homes for sale in Long Beach, homes with ADUs, or properties zoned for extended living.