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Cohousing is a particular type of living system consisting of a cluster of private homes, where residents share common space and amenities. Such a system comprises of common areas such as playground, swimming pool, laundry, fitness center, etc. which are shared communally by several people with or without a familiar relationship between them. 

According to Minnesota Law Review, cohousing’s distinct characteristics include fostering relationships among residents, balancing privacy and community, promoting sustainable living and neighborhood support. Cohousing has become increasingly popular in the United States particularly amongst senior citizens looking to downsize and find community as they age. 

[Last updated in June of 2021 by the Wex Definitions Team]