Colorado Springs

1 in 5 young adults in Colorado are moving back in with mom and dad – Colorado Springs, Colorado

Colorado Springs, Colorado 2021-10-04 10:00:28 –

Denver (KDVR) —A new study shows that Colorado is now seeing an increasing number of young adults moving with their parents.

NS Research from isoldmyhouse.com We asked 3,500 people and found that more than one in five young adults in Colorado have returned with their parents over the past year.

This is about 21% of 18-35 years old.

The national average of adult children going home with mom and dad is 36%, which is far worse than what we see in our state.

The main reason for this: pandemic-related unemployment and our bright red real estate market.

“Housing is affordable and less available, which creates a difficult situation for young adults,” said Kri Lippi, a real estate broker and creator of isoldmyhouse.com. I am. “They are competing with people who have more money, they can make better offers, more cash offers.”

According to the renovation company Pouch, if only one child can go home, it costs about $ 459 a month.

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