The Rise of Multigenerational Living in Denver — And Why It Might Be Your Smartest Move Yet

As home prices climb and families look for smarter, more connected ways to live, multigenerational homes are having a major moment in Denver. Whether you're welcoming an aging parent, giving adult kids a soft landing as they launch into independence, or just looking for a lifestyle rooted in shared support and savings — a multigenerational setup might be your perfect next move.

Let’s explore what’s driving the trend, how the costs compare, and what to look for if you’re ready to make this transition.

💰 How Much Does Multigenerational Living Cost vs Assisted Living in Denver?

The numbers tell a compelling story:

Average Monthly Costs for Senior Care in Colorado:

• Nursing Home (semi-private room): $9,475/month
• Nursing Home (private room): $12,015/month
• Assisted Living: $5,073/month
• Memory Care: $12,615/month
  (Source: Elder Life Financial, 2022; SeniorLiving.org)

These expenses often exceed what’s covered by Social Security or retirement savings, making them financially unsustainable for many families.

Now compare that with:

Multigenerational Home Options in Denver:

• Next-Gen style homes with private entrances, kitchens, and flexible layouts for extended families
• Homes with ADUs (Accessory Dwelling Units) — separate living spaces with a kitchen, bath, bedroom, and laundry
• Finished basements or guest suites that offer privacy while keeping loved ones close

While the upfront purchase price may be higher, many families are pooling resources, cutting down on duplicate living costs, and spending more quality time together in the process.

🧒 Why Are So Many Adult Children Living at Home in Denver?

It’s not just about caring for aging parents — adult kids are staying home longer too. And in a competitive market like Denver, it makes sense.

What the data says:

• The average age young adults move out has risen from 23 in the 1990s to 26 in the 2010s (Urban Institute)
• The median age of a first-time homebuyer is now 38 (NAR, 2024)
• 36% of young buyers expect to use family money toward their down payment (Urban Institute)

Multigenerational homes allow for independence and affordability, offering things like:

• Private bedrooms or wings
• In-law suites with separate entrances
• Finished basements or detached guest homes

Everyone gets their own space — while saving thousands each year on rent or mortgage payments.

👪 Why Do Denver Families Choose Multigenerational Homes?

According to the 2024 National Association of Realtors:

• 36% of multigenerational buyers cite cost savings
• 25% are caring for an aging parent
• 21% have adult children moving back
• 20% have children who never moved out

But beyond the numbers, families also value:

• More time together during key life stages
• Shared responsibilities and built-in support
• Flexibility to adapt as needs change over time

In short, multigenerational homes offer both practicality and emotional connection.

🏡 Is a Multigenerational Home Right for You?

Here are a few questions to consider:

• Do you need a separate entrance or full guest space for family members?
• Would sharing housing costs ease your monthly budget?
• Are you looking to delay or avoid senior living expenses?
• Do you want your home to adapt as your family’s needs evolve?

If you answered yes to any of these, it might be time to explore your options.

🔍 Let’s Find the Right Fit — Together

I specialize in helping families find homes that make multigenerational living not just possible, but practical and beautiful. From Denver’s suburbs to Golden, Arvada, and Washington Park, there are amazing properties designed for every generation to thrive.

✨ Featured Listing:
Here’s one example currently on the market in Golden, Colorado — a true multigenerational dream home!

• Over 6,500 sq ft
• A full primary suite and kitchen on all 3 levels
• Elevator access, a 4-car garage, and a separate basement apartment with private entrance
• Half-acre lot and no HOA
  👉 5753-Secrest-Ct

📲 Thinking About Making the Switch?
Let’s talk. I’d love to help you find a space where every generation can feel right at home.