Gone are the days of waiting until you find a life partner to buy a home — nowadays, more and more people are considering buying homes with friends.
In fact, new data from Rocket Mortgage reveals that around 60 percent of renters surveyed are open to purchasing a home with platonic pals. Read on for more of the survey’s findings, including what age groups are thinking about buying homes with friends and their motivation for doing so.
Data Finds That More and More Renters Are Open to Buying Homes With Friends
According to Rocket Mortgage, “friends are teaming up to afford the American Dream.”
The mortgage lending company surveyed 1,966 American renters, and found that 1,171 of the respondents (that’s just under 60 percent) were open to buying a home with friends.
Of those 1,171 people, a combined 66 percent were millennials and Gen Xers (those born roughly between 1965 and 1996). Only 19 percent of Gen Z respondents and 15 percent of baby boomer respondents said they’d be open to co-buying a home with friends.
That said, there are a few shared concerns amongst the renters who said they’d be open to this uncommon journey to home ownership. The top concern (29 percent) was possible future life changes that might interfere with their home plans, like finding a partner or having kids.
The financial risk involved in buying a home with friends was also a leading concern (26 percent); other worries shared were lifestyle compatibility, splitting finances and the risk of harming friendships.
Why Are More Renters Considering Buying Homes With Friends?
The chief reason renters would consider co-purchasing a place with friends is, unsurprisingly, affordability (64 percent).
“Each of us has less risk involved in our investments because the investments are spread anywhere from between four of us to eight of us,” Krista Goodrich, a real estate investor co-owner of seven different homes with friends, told Rocket Mortgage.
“That helps not only on the down payment,” she explained, but it also “gives us access to more capital to buy things like pools, hot tubs, mini-golf installs, and more. Many of these things we would not be able to purchase on our own.”
Other reasons include companionship (17 percent), the benefits of sharing ownership duties (13 percent) and building equity (6 percent).
“If more and more renters decide to go in on homes together, someday we might see entire communities revolving around dorm-style condominiums where families cohabitate peacefully at the same address,” stated Rocket Mortgage. “Homeownership doesn’t have to look a certain way, and will likely continue to adapt to economic trends.”
This story was originally published by Parade Home & Garden on Feb 27, 2026, where it first appeared in the News section. Add Parade Home & Garden as a Preferred Source by clicking here.
