Home / Daily Dose / Three’s Company Reboot: Married Couples Living With Roommates
Print This Post Print This Post

Three’s Company Reboot: Married Couples Living With Roommates

Roommates aren't just for college days anymore, the number of married couples who are sharing their homes has increased significantly since the 1990s. Trulia decided to investigate this phenomenon by comparing data between 1995 and 2016 and came up with some telling numbers.

In 2018, 3.28 percent of all U.S. households, or nearly 4.2 million, lived with a roommate. But among married couples, that rate was just 0.46 percent (just over 280,000 married households) which is double the rate observed in 1995.  Among all married householders, 0.46 percent live with roommates, up from a historical average of 0.36 percent. This increase is mostly from married homeowners, 0.34 percent of whom live with roommates, or nearly 40 percent higher than the historical average.

The increase is higher in the nation’s most expensive markets, proving high housing costs are forcing some married couples to offset the financial burden. It comes as no surprise that the share of married householders who have roommates is correlated with challenging housing market conditions. In fact, the number of married homeowners with roommates peaked in 2012 at roughly the same time as the national foreclosure crisis.

There are two distinct trends among married couples who own compared those who rent.  Renters are subject to fluctuating costs during their tenancy or when they move. Homeowners tend to stay in one home longer because their cost is usually stable having been determined when they bought their home. As a result, married homeowners are less likely to bring on roommates when faced with escalating housing costs than married renters.

It’s probably no coincidence that the areas with the most married-with-roommate households are more pricey like the West Coast,  known for its high home prices. In Honolulu, the rate almost doubled, accompanied a booming housing market with rising prices. On average every $100,000 increase in the median metro home value corresponds to a 0.25 percentage point increase in the share of married couples with roommates. There is clearly a direct link between affordability and the presence of a roommate in married couples’ homes, soon it could be the new norm.

Click here to read the full report.

About Author: Stephanie Bacot

Stephanie Bacot is an experienced multimedia writer having created content for print, web, television, and more. She is the past producer of BIZTV, a national television network for businesses and entrepreneurs that reached more than 200,000 professionals. She has more than 15 years’ experience in healthcare marketing and was an advertising exec for Healthcare Journal of Baton Rouge, a trade publication focused on the healthcare industry, as well as the marketing director for a $5 million surgery center. Bacot is a graduate of Louisiana State University with a degree in Marketing and Communications. She resides in Dallas when she’s not pursuing her love of travel.
x

Check Also

Ginnie Mae MBS

Fannie Mae: Economy Off to a Slow Start in 2019

A new report from Fannie Mae's Economic and Strategic Research Group projects a diminished economic outlook going forward, but what's causing the changes and what does Fannie foresee on the road ahead?

GET YOUR DAILY DOSE OF DS NEWS

Featuring daily updates on foreclosure, REO, and the secondary market, DS News has the timely and relevant content you need to stay at the top of your game. Get each day’s most important default servicing news and market information delivered directly to your inbox, complimentary, when you subscribe.