Multi-Family Homes Explained

What is it?

A multi-family home is a single property containing multiple separate housing units. This ranges from a duplex to a four-plex under one roof, often in residential neighborhoods. While there are private living spaces, the building is a single piece of real estate. This structure allows an owner to live in one unit while renting out the others, a strategy known as "house hacking."

Why is it trending?

Multi-family homes are trending due to economic pressures. With high single-family home prices, they offer an accessible path to ownership. The ability to generate rental income helps offset mortgage costs, making homeownership more attainable. They are also viewed as a smart investment, providing a residence, passive income, and long-term appreciation. This dual-purpose appeal is strong among younger generations seeking creative ways to build wealth in a challenging market.

How does it affect people?

For buyers, a multi-family home is a powerful financial tool for building wealth. For communities, it addresses the "missing middle" housing gap by adding rental options to single-family neighborhoods. This increases housing density responsibly, supports multigenerational living, and offers renters more choice beyond large apartment complexes. It's a flexible housing solution that helps foster diverse and economically resilient neighborhoods.

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