The Multigenerational Housing Boom: What Gen X is Teaching Us About Real Estate 🏡

I just read a fascinating article about how Generation X is reshaping housing, and the implications for Chicagoland are massive.

What's Happening 🌎

Gen X finds themselves in the "sandwich generation", caring for aging parents while supporting adult children who can't afford housing. Their solution? Selling multiple properties to purchase one larger home where everyone can live together.

Chicago's Reality 🌆

Since COVID, Chicago has seen twice as many buyers planning for multigenerational living, with this trend hitting an all-time high of 17% nationally. Ranch homes have surpassed all other styles as buyers' most desired design, particularly with 21% of those 55 and older.

The Game-Changer 🏗️

Chicago's new ADU ordinance goes into effect April 1, 2026, allowing coach houses, basement apartments, and "granny flats". Grant programs offer up to $75,000 in forgivable loans.

What This Means 💡

❌ Don't assume Gen X = downsizing 

✅ Ask about entire family situations 

✅ Highlight main-floor bedrooms and flex spaces 

✅ Know ADU potential (huge after April 2026)

From 2019-2024, Chicago housing prices grew most in low-density suburban areas. Suburbs like Oak Park and Evanston, plus city neighborhoods like Lincoln Park and Andersonville, are attracting multigenerational buyers.

The Bottom Line: Properties accommodating multigenerational living will command premium prices. This isn't temporary, it's the new American Dream.