High Cost of Living Drives Shared Housing Trends in Los Angeles and Riverside
What happened
Research tracked housing trends in high-cost urban areas, specifically Los Angeles and Riverside. A 2018 Zillow analysis found that 30 percent of American adults were already living with a roommate or a parent, an increase of eight percentage points since 2000. In Los Angeles, the share of households where adults were sharing living quarters approached 50 percent. Researchers also noted that most single adults aged 18 to 24 who moved out of their parents' homes were living with a roommate.
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Why it matters
The findings highlight how high rental markets in major Southern California cities are influencing living arrangements. The trend suggests that shared housing is becoming a dominant coping mechanism against high costs of living in these expensive markets.
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Who's involved
- Los AngelesHigh-cost urban area experiencing shared housing trends
- RiversideHigh-cost urban area experiencing shared housing trends
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Part of
The Public Policy Institute of California is analyzing housing market trends specific to the Southern California region.Also in this story
- Buyers are actively searching for affordable homes in outlying areas of Southern California, including Tehachapi.
- Southern California rental markets are shifting.
The entities involved
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Los Angeles
seat of Los Angeles County, and largest city in California, United States
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Riverside
county seat of Riverside County, California, United States
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Related events
- Los Angeles is involved in a situation where it is connected to a state experiencing housing trends.
- High housing costs and inflation are currently affecting the situation in Austin and Los Angeles.
- High rents and vacancy rates are causing decline in Los Angeles' Commercial District.
- California cities show the largest housing inflation gaps among major metropolitan areas.
- In both Detroit and Los Angeles, upper-market homes are experiencing increased sales velocity.