The DC region is the land of the nuclear family and the roommate.
Today, ApartmentList released a study comparing how household compositions have changed in 25 metropolitan areas. Fifty years ago, more than three in four 26 year-olds in the U.S. lived with their spouse; now, it is barely one in four, and there are 300,000 more 26 year-olds living with their parents.
Many signs are pointing to the Great Recession as the turning point for household composition, as the number of households comprised of unrelated families has more than doubled since 2008. Adults age 25-34 years-old are 46 percent more likely to live with a parent now than in 2007; they are also 32 percent more likely to cohabit before marriage and 19 percent more likely to have an unrelated roommate. Conversely, the share of nuclear households has gone down from 42 to 22 percent since 1968.
While high home prices seem to correlate with the creation of fewer nuclear households, the DC area is just one of five metros where the number of nuclear households has increased since 2007. Part of why the region has bucked the trend seems to be a side effect of general population growth, as there has been an increase in every type of household since 2007 except for households with people who are related, but are not nuclear families nor married couples.
Specifically, the number of nuclear families in the DC area has increased by 16 percent, from 543,162 to 629,576; there has been a much greater increase in the number of roommate households, however, which have risen 77 percent, from 45,952 to 81,296. This number does not capture all roommate living situations, as the study also accounts for households comprised of multiple families living together and for married couples who live with roommates.
Between continuous growth in housing costs and the rise of co-living, accessory dwelling units and other alternative housing arrangements, ApartmentList predicts that these household composition trends will only continue.
Note: The study defines nuclear families as married couples living only with their children.
This article originally published at http://dc.urbanturf.com/articles/blog/nuclear-families-increase-16-percent-in-dc-metro/15957
Most Popular... This Week • Last 30 Days • Ever
Landmark Theatres is in the final stages of negotiations that would have it operating... read »
The planned 8-unit development would be located on K Street right along the Potomac R... read »
The next phase on the Center Block would deliver 166 apartments and 221 hotel rooms.... read »
DC's crane count still ranks as one of the highest among U.S. cities despite a declin... read »
The latest installment of Above Asking revisits two recently-featured listings in the... read »
UrbanTurf has compiled virtual looks at large new developments around the DC region.... read »
The preferred mortgage product among most home buyers is the fixed-rate mortgage. How... read »
STAY DC provides rental aid and utility payment grants to at-risk District residents ... read »
The yet-to-be-built home may set a new bar for luxury in the residential real estate ... read »
Federal Realty plans to eventually file a planned unit development application for th... read »
With this weekend's DC houseboat tour a day away, UrbanTurf thought it only fitting t... read »
President Obama travels to Denver this morning to sign the stimulus bill that has bee... read »
In this week's installment of Ask An Agent, a reader wonders if there is a rule for h... read »
As The Wharf prepares to begin construction, DC's houseboat community heads to its ne... read »
In this week's installment of Ask An Agent, a reader asks a fairly common question th... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Visit guides.urbanturf.com or start browsing below!
Intro guides for first-time home buyers
Awesome and unusual real estate from across the DC Metro