Here is some recent US Census Data that shows a breakdown of how people are living. It is fascinating to me how the demographics have changed in the past ten years.
1. Five percent of households included three or more generations, up from 4% in 2010. It would be wise to highlight additional structures on a property besides a main residence, or the potential to add one. What about separate entrances or a legal second kitchen?
2. One in six Americans was 65 or older, rising from one in eight a decade earlier. They may be experiencing the realities of aging, retirement, health shifts, mobility concerns, etc. Many seniors I know are looking at aging in place, setting up ADU’s for in-home care, or living in a senior community.
3. The median age of the US population is up to 38.8 years.... that’s up 8 years from 1980 as the US ages.
4. Americans in same-sex marriages and partnerships account for just about 1% of households, up from 0.5% in 2010.
5. Opposite-sex married couples made up 46% of total households, down 2% from 2010.
6. Opposite-sex unmarried partners made up 7%. That is about 8.68 million households!
7. Twenty-eight percent of households were occupied by someone living alone (up slightly from about 27% in 2010). That is 35 million households that may not care as much about schools and other issues that families and couples care about. Some may even wince at the real estate taxes that go towards local schools from which they derive little benefit?
8. Most of the remaining 19% lived with relatives in a variety of household types. Many folks I know have their adult children living with them. Some are trying to save up so they can buy their own home. Some are making it a choice to live with their families. Is this long term or will they be a future buyer or renter?
Regardless of what category you are in, people are making changes in their living situation for a variety of reasons. If you have any questions on how to take the next step toward homeownership, I am here to help.