Skip to main content

More Millennials Still Living With Their Mothers

Phil Hall
May 07, 2019
Photo credit: Getty Images/noipornpan

With Mother’s Day just around the proverbial corner, Zillow has put forth data that might be music to some maternal ears and a headache for others: 21.9 percent of Millennials–approximately 14 million people–are still living with their moms or both parents, the highest share for this age group since at least 2000.
 
Among the nation’s major metro areas, the largest share of Millennials living with their moms–at least 31 percent–can be found in the pricey housing markets of Riverside, Miami, Los Angeles and New York City. The smallest share who have yet move out can be found in Seattle, Austin, Portland, Kansas City and Denver and Zillow theorized this is because their families are farther away where rents are more affordable. And one cannot blame the economy for these living conditions: The number of unemployed Millennials living at home is 10.3 percent, down from 19.5 percent in 2010.
 
"While it might be tempting to stereotype these young adults as lazy millennials bumming off of mom, the data paints a different picture," said Zillow Senior Economist Sarah Mikhitarian. "When the housing market went bust and the economy unraveled into a recession, young adults increasingly returned to their childhood home. And, despite a strong labor market and fairly robust economic recovery, this trend has continued in the face of rising housing costs and deteriorating affordability. Living with mom as an adult can certainly bring its share of headaches, but the benefits go beyond the occasional home-cooked meal–living under mom's roof can allow young adults to save enough money for a down payment, security deposit or some other big expense. Not to mention you won't have to travel far to take your mom out to dinner this Mother's Day."

 
Published
May 07, 2019
Offerpad Expands Into Kansas City, St. Louis

Tech-Enabled Platform For Real Estate Transactions Now In 20 Markets

Industry News
Sep 20, 2021
CoreVest To Expand Its Correspondent Channel

CoreVest American Finance LLC is expanding its business purpose loan correspondent channel, following the pricing of its inaugural securitization of bridge loans on transitional housing assets.

Industry News
Sep 20, 2021
KBRA Assigns Preliminary Ratings To RCKT 2021-4

Includes 1,002 Residential Mortgages With An Aggregate Principal Balance Of $968.4M

Industry News
Sep 20, 2021
KBRA Assigns Preliminary Ratings To SEMT 2021-6

Pool Of 497 First-Lien Loans Combined Have A Principal Balance Of Nearly $449M

Industry News
Sep 16, 2021
Fugo Appoints Bahlman As VP, Client Relations & Sales

Brings 19 Years of Experience To Texas-Based Back-Office Support Company

Industry News
Sep 16, 2021
Envoy Mortgage Expands To Atlanta

Envoy Mortgage lender expanded its Southeast operations to Atlanta, GA.

Industry News
Sep 15, 2021