its peak in 2004 before the 2007-2009 recession hit and decimated the housing market. The rate continued to fall until 2016, but has begun to increase again since then.
The homeownership rate among Americans under 35 years was 39 percent slightly increased in the third quarter of 2022. About 39 percent of the people in this age group owned a home during this period. In contrast, almost 79.5 percent of those aged 65 and older owned their home. The homeownership rate is the proportion of occupied households which are occupied by the owners. This reached Homeownership rate in the United States as of 3rd quarter 2021 and 3rd quarter 2022, by age
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Statistics on Millennial homeownership in the United States
Overview
8
- Premium Statistic Homeownership rate in the U.S. 2012-2021
- Premium Statistic Leading metros for Millennial house buyers in the United States in 2020
- Premium Statistic Home purchase outlook in the U.S. 2019, by generation
- Premium Statistic Share of Millennials expecting to rent in the future in the U.S. 2018-2022
- Basic Statistic Reasons for Millennials to choose renting over buying a home U.S. 2020-2021
- Premium Statistic Percentage change households in U.S. 2014-2019, by demographic and living situation
- Premium Statistic Profile of Millennial homebuyers in the United States 2020
- Premium Statistic Conditions influencing neighborhood choice for home purchase U.S. 2021, by age
Current living arrangements
4
- Premium Statistic Living arrangements of 25-34-year olds in the U.S. 2021, by gender
- Premium Statistic Living arrangements of 35-64-year olds in the U.S. 2021, by gender
- Basic Statistic Share of Millennials who live in their parents' home in U.S. 2021, by age & gender
- Basic Statistic Share of older Millennials who live in their parents' home U.S. 2016-2021, by gender
Homeownership plans
8
- Premium Statistic First time home buyers in the U.S. 2021, by age group
- Premium Statistic Expected timeline for buying a home according to Millenials 2022
- Premium Statistic Homeownership expectations of adults in the United States in 2020, by generation
- Premium Statistic Homeownership expectations of Millennials in the United States in 2020, by ethnicity
- Premium Statistic Homeownership expectations of Millennials with children in the United States 2020
- Premium Statistic COVID-19 effect on U.S. homeownership plans 2020, by generation
- Premium Statistic COVID-19 effect on homeownership plans U.S. 2020, by ethnicity and demographic
- Premium Statistic U.S.: COVID-19 effect on homeownership plans parents 2020, by generation
Home financing
6
- Premium Statistic Median income of home buyers in the U.S. 2021, by generation
- Premium Statistic Factors that prevent the Americans from saving for a down payment 2021, by age group
- Premium Statistic Down payment sources of Millennial homebuyers in the U.S. 2019
- Premium Statistic Millennial home buyers: amount saved for down payment 2021
- Premium Statistic Millennial renters who had saved for a down payment in the U.S. 2020, by amount
- Premium Statistic Number of years needed to save for down payment in selected U.S. cities 2020
Home buying process
6
- Premium Statistic Information sources used when looking for a house to purchase in the U.S. 2021 by age
- Premium Statistic Most difficult steps of home buying process U.S. 2021, by age group
- Premium Statistic Frequency of internet use for home searching in the U.S. 2021, by age group
- Premium Statistic House purchase channels in the U.S. 2021, by age group
- Premium Statistic Expectations of house buyers from real estate agents in the U.S. 2021, by age group
- Premium Statistic Actions taken as a result of internet home search in the U.S. 2021, by age group
Further related statistics
18
- Homeownership rate in the U.S. 2010-2018, by family status
- Paraguay: number of housing units in Asunción 2016, by ownership
- Age of first property purchase in Italy 2018
- Opinion on housing market and affordability in Italy 2018
- UK housing market: purchases of homes in London by type of buyer in 2013
- London housing market: home owners in numbers (UK) in 2013, by type of purchase
- Years needed to save for five percent down payment in selected U.S. markets 2018
- Share of adults that own their home outright in the United Kingdom (UK) 2020, by age
- U.S. housing: Case Shiller Portland Home Price Index 2017-2022
- U.S. housing: Case Shiller Dallas Home Price Index 2017-2022
- House purchase compared to asking price in the U.S. 2021
- Home purchase prices in the U.S. 2021, by age group
- U.S. housing: Case Shiller Cleveland Home Price Index 2017-2022
- U.S. housing: Case Shiller Phoenix Home Price Index 2017-2022
- U.S. housing: Case Shiller Charlotte Home Price Index 2017-2022
- Housing types Gyeongnam South Korea 2020
- Household that live in self-owned houses Indonesia 2021-2022, by province
- Rental volume for landed and non-landed homes Singapore 2009-2019
Further Content: You might find this interesting as well
Statistics
- Homeownership rate in the U.S. 2010-2018, by family status
- Paraguay: number of housing units in Asunción 2016, by ownership
- Age of first property purchase in Italy 2018
- Opinion on housing market and affordability in Italy 2018
- UK housing market: purchases of homes in London by type of buyer in 2013
- London housing market: home owners in numbers (UK) in 2013, by type of purchase
- Years needed to save for five percent down payment in selected U.S. markets 2018
- Share of adults that own their home outright in the United Kingdom (UK) 2020, by age
- U.S. housing: Case Shiller Portland Home Price Index 2017-2022
- U.S. housing: Case Shiller Dallas Home Price Index 2017-2022
- House purchase compared to asking price in the U.S. 2021
- Home purchase prices in the U.S. 2021, by age group
- U.S. housing: Case Shiller Cleveland Home Price Index 2017-2022
- U.S. housing: Case Shiller Phoenix Home Price Index 2017-2022
- U.S. housing: Case Shiller Charlotte Home Price Index 2017-2022
- Housing types Gyeongnam South Korea 2020
- Household that live in self-owned houses Indonesia 2021-2022, by province
- Rental volume for landed and non-landed homes Singapore 2009-2019
US Census Bureau. (November 2, 2022). Homeownership rate in the United States as of 3rd quarter 2021 and 3rd quarter 2022, by age [Graph]. In Statista. Retrieved February 08, 2023, from https://www.statista.com/statistics/1036066/homeownership-rate-by-age-usa/
US Census Bureau. "Homeownership rate in the United States as of 3rd quarter 2021 and 3rd quarter 2022, by age." Chart. November 2, 2022. Statista. Accessed February 08, 2023. https://www.statista.com/statistics/1036066/homeownership-rate-by-age-usa/
US Census Bureau. (2022). Homeownership rate in the United States as of 3rd quarter 2021 and 3rd quarter 2022, by age. Statista. Statista Inc.. Accessed: February 08, 2023. https://www.statista.com/statistics/1036066/homeownership-rate-by-age-usa/
US Census Bureau. "Homeownership Rate in The United States as of 3rd Quarter 2021 and 3rd Quarter 2022, by Age." Statista, Statista Inc., 2 Nov 2022, https://www.statista.com/statistics/1036066/homeownership-rate-by-age-usa/
US Census Bureau, Homeownership rate in the United States as of 3rd quarter 2021 and 3rd quarter 2022, by age Statista, https://www.statista.com/statistics/1036066/homeownership-rate-by-age-usa/ (last visited February 08, 2023)
Homeownership rate in the United States as of 3rd quarter 2021 and 3rd quarter 2022, by age [Graph], US Census Bureau, November 2, 2022. [Online]. Available: https://www.statista.com/statistics/1036066/homeownership-rate-by-age-usa/