Singleness is on the rise

The United States has reached a significant milestone: 25% of 40-year-olds have never been married, compared to just 6% in 1980. This trend could have notable implications for the housing sector, particularly in multifamily communities, which may see increased demand from single adults.

Currently, there are approximately 14 million unmarried individuals aged 40 and older, with more single men than women. This demographic shift suggests a growing market for housing tailored to single occupants, as the majority of these individuals live alone.

This long-term trend of delaying or forgoing marriage is likely to continue shaping the housing market. Properties with a high proportion of studios and one-bedroom units, as well as more affordable housing options, may experience heightened demand. Single individuals, who typically shoulder all financial responsibilities themselves, tend to be more price-conscious.

These factors underscore the potential for multifamily developments and housing policies to adapt to the evolving preferences and demographics of single adults in the United States.