How Multigenerational Living Trends Are Influencing Property Management in Lawrence, Massachusetts
LAWRENCE, MA — November 2025 — Multigenerational living is becoming more common in Lawrence as families respond to rising costs, limited rental availability, and increasingly complex caregiving needs. Lennhoff Properties, a local firm experienced in property management in Lawrence, Massachusetts, has seen a steady increase in inquiries from extended families looking for housing that supports shared living arrangements.
Changing Household Structures Create New Rental Priorities
Nearly 60 million Americans now live in multigenerational households, according to recent Pew Research Center data. This trend has grown consistently over the past decade, driven by affordability concerns, cultural preferences, and broader economic pressures. Massachusetts mirrors this pattern closely. The Massachusetts Housing Partnership’s 2024 assessment cites a continued shortage of larger rental units across the state, particularly those designed to accommodate multiple adults.
Lawrence is especially impacted, with more than 65% of households renting, based on Census Bureau findings. Local observers familiar with Lawrence property management note that extended families often combine households to manage childcare responsibilities, elder care, or rising household expenses. Many of these renters look for multi-bedroom properties or flexible layouts that allow for privacy and shared space within the same home.
Residents searching for homes suited to multigenerational living frequently prioritize features such as additional bedrooms, expanded common areas, and proximity to transit and essential services. These preferences reflect broader changes in household structure and long-term financial planning.
Market Supply Challenges Affect Property Management in Lawrence, Massachusetts
Housing supply constraints continue to shape rental demand across the Northeast. The U.S. Bureau of Labor Statistics reports that shelter costs rose more than 6% year-over-year in 2024, increasing competition for the limited number of larger rental units available in Lawrence. Much of the city’s older multifamily housing stock was built before modern design standards, making spacious or adaptable rentals harder to find.
Professionals working as a property manager in Lawrence, Massachusetts say that extended families commonly begin their search early due to limited availability. Many renters cite predictable budgeting, shared caregiving duties, and long-term stability as primary reasons for choosing multigenerational arrangements.
Housing professionals involved in property management in Lawrence note that once these families secure suitable homes, they tend to stay longer, contributing to a more stable rental environment. However, longer tenancy also means reduced turnover, increasing competition for larger units when they do come to market.
How Property Management Services Lawrence, Massachusetts Align With Community Needs
As multigenerational living becomes a defining feature of local housing demand, Lawrence faces shifting community needs. Research from the UMass Donahue Institute suggests that communities experiencing similar trends benefit from diversifying their housing supply to include more flexible, multi-bedroom layouts and accommodations that support caregiving.
Families adopting multigenerational living arrangements often do so to manage financial pressures, coordinate responsibilities, and maintain cultural or family ties. Specialists familiar with property management services in Lawrence, Massachusetts note that the trend highlights the need for rental options that accommodate these evolving household structures.
Analysts property management Lawrence anticipate that multigenerational households will continue shaping housing demand through 2026 as residents adjust to economic conditions, aging family members, and long-term affordability concerns.
About Lennhoff Properties
Lennhoff Properties is a locally operated housing management firm serving Lawrence and the Merrimack Valley. The company emphasizes responsible oversight, transparent practices, and community-focused support to help maintain stable and sustainable housing across the region.
Lennhoff Properties
Contact Information
Company Name:
Lennhoff Properties
Phone:
(978) 364-0528
Address:
381 Haverhill St
City:
Lawrence
State:
MA
Postal Code:
01840
Country:
United States
Website:
https://www.lennhoffproperties.com
Email:
[email protected]