More Kids Could Mean More Moves

By: James Flippin · May 02, 2023 · Reading Time: 3 minutes

Living Preferences

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.

The Stats

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.

SoFi offers fixed-rate mortgages with competitive rates. Check your rate for a SoFi Home Loan in two minutes.

Check it out

SoFi Mortgages
Terms, conditions, and state restrictions apply. Not all products are offered in all states. See for more information.

Please understand that this information provided is general in nature and shouldn’t be construed as a recommendation or solicitation of any products offered by SoFi’s affiliates and subsidiaries. In addition, this information is by no means meant to provide investment or financial advice, nor is it intended to serve as the basis for any investment decision or recommendation to buy or sell any asset. Keep in mind that investing involves risk, and past performance of an asset never guarantees future results or returns. It’s important for investors to consider their specific financial needs, goals, and risk profile before making an investment decision.
The information and analysis provided through hyperlinks to third party websites, while believed to be accurate, cannot be guaranteed by SoFi. These links are provided for informational purposes and should not be viewed as an endorsement. No brands or products mentioned are affiliated with SoFi, nor do they endorse or sponsor this content.
Communication of SoFi Wealth LLC an SEC Registered Investment Advisor
SoFi isn’t recommending and is not affiliated with the brands or companies displayed. Brands displayed neither endorse or sponsor this article. Third party trademarks and service marks referenced are property of their respective owners.

TLS 1.2 Encrypted
Equal Housing Lender