Overview

• A recent survey cited in new reports finds nearly 15% of Americans have purchased a home with someone who is not a romantic partner, and about 70% of Gen Z say they would consider it.
• Rising costs have pushed the median homebuyer age to 56, steering younger adults toward joint purchases to enter the market sooner.
• Combining resources can help buyers qualify for loans, afford larger properties, and split payments in ways that may make ownership cheaper than renting.
• NerdWallet notes many lenders and agents are accustomed to couples and may hesitate to work with larger friend groups because of added coordination.
• Financial advisors recommend binding cohabitation or purchase contracts that spell out how the home is used, how costs are divided, and exit or buyout rules.