As of 2026, nobody currently lives in Buckingham Palace full-time as a primary private residence. While it remains the official London administrative headquarters and "sovereign's official residence," King Charles III and Queen Camilla currently reside at Clarence House, which is just a short walk away. This is primarily because Buckingham Palace is undergoing a massive, multi-year $460 million "reservicing" project (renovation) to update ancient electrical, heating, and plumbing systems, which is not expected to be fully completed until 2027. However, the palace is never "empty." It still houses a "skeleton crew" of live-in staff, including certain household officials and security personnel. Once the renovations are complete, it is expected that the King will use the palace more frequently for state business, though he has expressed a personal preference for the more "cozy" Clarence House and Windsor Castle, suggesting that Buckingham Palace may eventually transition into a more public-facing administrative hub rather than a private family home.