Competition For Rental Units – Mom & Dad’s House

From Apartment List:

In the face of waning housing affordability, a growing number of Americans are continuing to live with their parents into adulthood. In 1970, just 7 percent of 25 to 35 year-olds lived in their parents’ homes, but as of 2022, that share has more than doubled to 17 percent.

When viewed over a long horizon, the share of young adults who live with their parents¹ exhibits a U-shaped trend. In 1940, with the Great Depression still close in the rearview mirror, 17 percent of 25 to 35 year-olds lived at home. But in the ensuing decades, the postwar economic boom and rapid buildup of America’s suburbs enabled more young people to strike out on their own. From 1940 to 1960, the share of young adults living at home fell by more than half to 8 percent, and remained fairly stable at that level through 1980.