For someone who is young, single, and living by themselves, there aren’t too many factors to consider when finding an apartment or home. But this mentality starts to shift for many as their families start to grow.
A recent survey conducted by real-estate marketplace Zillow (Z) shows that, the more children in a household, the more likely the family is to move to a new home. Furthermore, family-related moves have only gained steam since the start of the pandemic.
Based on Zillow’s report, the percentage of homeowners with children looking to sell spiked to 29% in 2023, rising significantly from 22% the year before. And the 2022 reading was almost double the 13% seen in 2021.
These trends appear to be driven primarily by households with two or more children. And there’s also clear evidence to suggest that the desire to move grows consistently as children are added to a household.
As of the first quarter of this year, only 11% of homeowners with no children have plans to sell in the next three years. But this percentage bumps up to 18% for homeowners with a single child. Meanwhile, 35% of homeowners with two or more children plan on selling their home in the next three years.
More Kids, More Responsibility
As your family grows, so do your housing needs.
More kids means you’ll want a home closer to good schools, daycares, parks, and other child-friendly amenities. But unlike other reasons to relocate, such as a job change, these needs rarely require a major cross-country move. Upsizing locally is often a great option for homeowners in this situation, as it is less likely to disrupt the routines and relationships you or your children have made.
This is a good trend to keep in mind depending on where you are at in your own family journey. It’s never too soon to start the search for your dream home — so long as you recognize it might be a different dream from one year to the next.
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