When Buying a Home Feels Out of Reach, Some Families Do This Instead

For a lot of people, the math on buying a home just doesn’t really work right now. Maybe that’s how it feels for you too. You look at the cost of buying. Then you look at the cost of childcare. And it starts to feel like you have to choose one or the other.

But some families are finding a way to make both work by doing something a little different: teaming up to purchase a multi-generational home.

One Reason This Is Becoming More Common

It’s no secret that affordability has been a challenge in recent years. But for families with young kids, there’s an added layer that can make it feel even harder: childcare.

According to the Department of Health and Human Services, childcare should take up no more than 7% of your monthly income. But in reality, the average married couple spends closer to 10% (see map below):

When you combine that with the cost of buying a home, it’s easy to see why things can feel stretched. That’s exactly why more families are starting to rethink how they approach both.

The Solution More People Are Turning To: Multi-Generational Living

One option gaining traction? Multi-generational living. That’s when parents, grandparents, or other relatives buy a house together and live under the same roof. And it’s not just about convenience anymore. It’s becoming a go-to strategy.

You can see it in the data. According to the National Association of Realtors (NAR), almost 1 in 7 homebuyers (14%) bought a multi-generational home in 2025 (see graph below):

And for the first time, childcare is showing up as a key reason why they chose this option. As NAR explains:

“This year’s report features two new primary reasons for purchasing a multi-generational home: grandchildren living in the home (12%) and to help reduce the cost of childcare (6%).”

 

Why It Works

Buying a multi-generational home solves two big challenges at the same time.

• First, it shares the financial responsibility. If you pool multiple incomes together, you may be able to afford a home you couldn't have on your own.
• Second, it can also solve the childcare puzzle. When grandparents or other relatives live in the home, they may be able to help with daily care – which can significantly reduce or even eliminate daycare costs.

And for many people, that combination is what finally makes their move possible.

If the costs of childcare and housing together have made buying feel out of reach right now, it may be worth exploring creative options like buying a home with your loved ones.

Bottom Line: Is a Multi-Generational Home Right for You?

If you’re exploring multi-generational homes or looking for a home for sale in North San Diego County, it may be worth taking a closer look at what’s available in today’s market.

As a local North San Diego County real estate resource—and an experienced Escondido real estate agent—I can help you explore options that fit your goals, whether you're searching for Carlsbad homes for sale, Vista homes for sale, or other available listings in the area.

You can start here:

• Browse current homes for sale
• Check your home value
• View the latest market snapshot
• Estimate your payment with a mortgage calculator

If you’d like help finding the right fit or understanding your options, feel free to contact me here.

Sometimes the path to homeownership isn’t about doing it alone — it’s about doing it together.

Every family’s situation is unique, so it helps to talk through your options with a trusted real estate professional or financial advisor.

Frequently Asked Questions About Multi-Generational Homes

Can buying a multi-generational home make homeownership more affordable?

Yes, buying a multi-generational home can make homeownership more affordable by allowing multiple family members to combine incomes and share expenses like the mortgage, utilities, and maintenance. This can make it possible to qualify for and afford a home that may have been out of reach individually.

What are the benefits of multi-generational living for families?

Multi-generational living can provide several benefits, including shared financial responsibilities, built-in childcare support, and stronger family connections. For many families, having relatives under one roof can reduce daycare costs and create a more flexible living arrangement.

What should you consider before buying a multi-generational home?

Before buying a multi-generational home, it’s important to consider factors like budget, financing options, privacy needs, and long-term living arrangements. You’ll also want to think about how expenses will be shared, how the home layout supports multiple households, and whether the property allows for features like separate entrances or living spaces.