The nation's largest coliving marketplace has now housed more than 70,000 people, without federal subsidies
ATLANTA, Feb. 11, 2026 /PRNewswire-PRWeb/ -- PadSplit, the country's largest coliving marketplace, today announced it has surpassed 30,000 rooms nationwide, including more than 10,000 rooms in metro Atlanta. PadSplit has now housed 70,000+ people, all without federal subsidies, demonstrating how coliving can expand access to housing at scale. This milestone comes amid mounting housing instability: according to a recent PadSplit survey, 82% of residents previously struggled to access stable housing.
PadSplit's continued growth reflects broader pressures across the U.S. housing market, as rising rents and increasing barriers, such as security deposits, credit requirements, and long-term leases, continue to push housing out of reach for millions of working Americans. Even individuals with full-time employment find it difficult to secure housing that matches their financial realities. PadSplit was founded to address these challenges by rethinking how existing housing stock can be used more efficiently.
"Coliving is one of the most efficient ways to address the housing shortage because it expands supply quickly without waiting years for new construction," said Atticus LeBlanc, Founder and CEO of PadSplit. "By unlocking housing that already exists, we can lower costs, reduce barriers to entry, and help people save for their futures. We're encouraged by conversations with policymakers who are increasingly recognizing that shared housing models are a practical solution that communities need."
PadSplit's resident survey, conducted Dec. 2025, demonstrates the growing need for affordable housing:
- 83% of residents are employed
- 88% commute to their jobs
- 63% do not have a college degree
- 53% do not own or lease a vehicle
- 16% identify as having a disability
- Residents report a median income of $32,500
Prior to joining PadSplit, housing instability was common: 32% lived in rented apartments or homes, 33% lived with family or friends, 13% lived in temporary housing, and 9% experienced homelessness.
When asked why they chose PadSplit, affordability and flexibility emerged as the primary drivers: 50% prioritized affordability, and 30% prioritized flexibility. Overall satisfaction remains high, with 95% of residents saying they recommend PadSplit.
The survey reflects how PadSplit's model is delivering measurable economic impact:
- 82% of residents report saving money, with average monthly savings of $317
- 55% report improved job stability
- 72% have paid down debt since joining PadSplit
- In total, residents reported paying off an estimated $6.1 million in debt, including 102 people who paid down more than $10,000 each
PadSplit's growth is fueled by increased participation from property owners who view shared housing as a sustainable way to generate higher returns while expanding access to housing. The company works with a wide range of hosts, from single-family rental owners to owner-occupied homeowners, handling resident screening, onboarding, rent collection, and maintenance coordination to provide a turnkey experience while helping communities rapidly add housing supply without new construction.
PadSplit is structured as a public benefit corporation, aligning its business growth with measurable social impact. For more information, visit padsplit.com.
About PadSplit
PadSplit is the country's largest coliving marketplace. As a public benefit corporation, PadSplit is intentional about doing well and doing good, focusing on increasing housing supply and reducing barriers to access so the workers who serve our communities also have the opportunity to live in them. Our award-winning model allows individuals to find a flexible rental option that includes furniture and utilities, all without a minimum credit score. PadSplit's platform enables personalized rent payments, making budgeting easier and helping residents improve their financial health. A fully remote company, PadSplit offers more than 30,000 shared housing rooms nationwide. Apply to become a resident or a property owner at PadSplit.com.
Media Contact
Hela Sheth, PadSplit, 1 6789381318, [email protected], padsplit.com
SOURCE PadSplit
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