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You don't need that "piece of paper" to own a home together, but beware of the risks.
All's fair in love and escrow. 'It's a trend we expect to keep growing': The number of unmarried couples buying homes together is surging — but there can be serious risks involved.
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Some couples are even getting involved to make their own home search more affordable: a CoBuy survey found that one in five groups that were teaming up to co-own a house included a married couple ...
In 2005, the Census Bureau reported 4.85 million cohabiting couples, up more than ten times from 1960, when there were 439,000 such couples. The 2002 National Survey of Family Growth found that more than half of all women aged 15 to 44 have lived with an unmarried partner, and that 65% of American couples who did cohabit got married within 5 years.
As of 2005, 4.85 million unmarried couples were living together, and as of 2002, about half of all women aged 15 to 44 had lived unmarried with a partner. In 2007, it is estimated that 6.4 million households were maintained by two opposite sex persons who said they were unmarried. [ 116 ]
A domestic partnership is an intimate relationship between people, usually couples, who live together and share a common domestic life but who are not married (to each other or to anyone else). People in domestic partnerships receive legal benefits that guarantee right of survivorship , hospital visitation, and other rights.
There's also been a recent rise in the share of unmarried couples buying homes. They made up 18% of first-time homebuyers in 2022, compared with 4% in 1985, according to a different NAR report .