Multigenerational Living in Naperville: What Buyers Should Know
Is multigenerational living common in Naperville? Nationally, 14% of homes purchased are bought to house multiple generations, and Naperville's high homeownership rate and larger housing stock make it a strong fit for the trend.
Multigenerational living has moved well past niche status. In the most recent National Association of REALTORS® data, 14% of homes purchased were bought to house multiple generations under one roof, with cost savings and caregiving cited as the leading reasons buyers give. Naperville has a homeownership rate of about 74.8%, higher than the national average, and that owner-heavy market tends to support the kind of long-term family commitment multigenerational living calls for.
Why Multigenerational Living Is Growing
The financial logic is strai...