House Hacking: A Growing Trend for Homebuyers in 2026

As home prices and mortgage rates rise, more buyers are turning to house hacking as a viable path to homeownership. This strategy involves purchasing a small multifamily property, living in one unit, and renting out the others to help cover mortgage costs. The Federal Housing Administration (FHA) offers financing options for these properties with down payments as low as 3.5%. A recent study identified Shreveport, Louisiana, as the top city for house hacking accessibility, with a median multifamily list price of $115,000. The trend highlights the growing interest in affordable housing solutions, especially in the Midwest and South, where multifamily properties remain plentiful and affordable.

Key Details: • House hacking allows buyers to offset mortgage payments by renting out additional units. • Shreveport, LA has the lowest median multifamily list price at $115,000. • FHA loans require a minimum credit score of 580 and may have additional lender requirements. • Buyers must occupy one unit as their primary residence to qualify for FHA financing. • Closing costs can add an additional 2% to 6% of the purchase price.