Mr Obama has long maintained a commitment to allowing Malia (14) and Sasha (11) to grow up as normally as possible, and pledged that over the next four years they would also have a special area in the White House for sleepovers.
By the time their father leaves office, the girls will be 18 and 15.
They will have spent most of their school years living at 1600 Pennsylvania Avenue, and Malia will be at the age of proms and university applications.
The girls have been shielded from the glare of publicity so far and the public has seen them only in choreographed glimpses, including on their first day at school, watching the Super Bowl, and when Mr Obama coached Sasha's basketball team.
In his 2008 victory speech, Mr Obama made his daughters a promise that led to the arrival of the family's dog, Bo. This time he told them: "Sasha and Malia, before our very eyes you're growing up to be two strong, smart, beautiful young women, just like your mom. And I'm so proud of you guys. But I will say, for now, one dog's probably enough."
In an interview on election day Mr Obama was asked by US radio host Ryan Seacrest whether the girls would be allowed to date boys during his second term.
Mr Obama said: "I think that any young man who has the guts to get through Secret Service deserves a hearing."
He added: "All they (Malia and Sasha) want to do is be treated like anybody else. I embarrass them all the time."
Mr Obama has promised Malia that she can learn to drive, rather than being ferried around by the Secret Service.
However, unlike the majority of their contemporaries, the Obama girls will not be on Facebook. Michelle Obama told ABC News last month that she has had serious conversations with them about the perils of the internet and social media, and has told her children they have a "little extra burden" to carry in how they behave. (© Daily Telegraph, London)