In April 2019, exactly half of older Millennial renters said they planned to continue renting in the United States and the other half said they planned to purchase a home. In August 2017, 54 percent planned to buy a home in the near future, so the trend towards homeownership has fallen slightly in this age group.
Future housing plans of older Millennial renters in the United States from 2016 to 2019
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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
20
- Future housing plans of younger Millennial renters in the U.S. 2016-2019
- Share of Millennial expecting to rent in the future in selected U.S. metros 2019
- Future housing plans of Gen X renters in the U.S. 2016-2019
- Reasons for renting a house among Millennials in the U.S. 2018-2019
- Affordability of renting vs owning according to owners in the U.S. 2016-2019
- Affordability of renting vs owning according to renters in the U.S. 2016-2019
- Housing choices made to afford commuting costs in the U.S. 2019, by tenure
- Problems with housing in Great Britain (United Kingdom) 2014, by tenure type
- Housing choices made to pay for daycare in the U.S. 2019, by tenure
- Share of adult's living situations in the United Kingdom (UK) 2017, by country
- Millennial homeownership rate in the U.S. 2016 and 2025, by ethnicity
- Share of adult's living situations in the United Kingdom (UK) 2017, by region
- Housing choices made to pay back student debt in the U.S. 2019, by tenure
- Life goals of millennials in the United Kingdom in 2019
- Most popular home location features for Millennials U.S. 2016
- Millennials who can save enough for a 10% down payment U.S. 2017 by timespan
- Most popular property features for Millennials U.S. 2016
- Homeownership plans of Millennials in the U.S. 2014-2016
- U.S. Millennials perceiving homeownership as personal American dream 2010-2018
- Most popular expensive home features for Millennials U.S. 2016
Further Content: You might find this interesting as well
Statistics
- Future housing plans of younger Millennial renters in the U.S. 2016-2019
- Share of Millennial expecting to rent in the future in selected U.S. metros 2019
- Future housing plans of Gen X renters in the U.S. 2016-2019
- Reasons for renting a house among Millennials in the U.S. 2018-2019
- Affordability of renting vs owning according to owners in the U.S. 2016-2019
- Affordability of renting vs owning according to renters in the U.S. 2016-2019
- Housing choices made to afford commuting costs in the U.S. 2019, by tenure
- Problems with housing in Great Britain (United Kingdom) 2014, by tenure type
- Housing choices made to pay for daycare in the U.S. 2019, by tenure
- Share of adult's living situations in the United Kingdom (UK) 2017, by country
- Millennial homeownership rate in the U.S. 2016 and 2025, by ethnicity
- Share of adult's living situations in the United Kingdom (UK) 2017, by region
- Housing choices made to pay back student debt in the U.S. 2019, by tenure
- Life goals of millennials in the United Kingdom in 2019
- Most popular home location features for Millennials U.S. 2016
- Millennials who can save enough for a 10% down payment U.S. 2017 by timespan
- Most popular property features for Millennials U.S. 2016
- Homeownership plans of Millennials in the U.S. 2014-2016
- U.S. Millennials perceiving homeownership as personal American dream 2010-2018
- Most popular expensive home features for Millennials U.S. 2016
Freddie Mac. (June 26, 2019). Future housing plans of older Millennial renters in the United States from 2016 to 2019 [Graph]. In Statista. Retrieved March 28, 2023, from https://www.statista.com/statistics/1037298/older-millennial-renters-future-housing-plans-usa/
Freddie Mac. "Future housing plans of older Millennial renters in the United States from 2016 to 2019." Chart. June 26, 2019. Statista. Accessed March 28, 2023. https://www.statista.com/statistics/1037298/older-millennial-renters-future-housing-plans-usa/
Freddie Mac. (2019). Future housing plans of older Millennial renters in the United States from 2016 to 2019. Statista. Statista Inc.. Accessed: March 28, 2023. https://www.statista.com/statistics/1037298/older-millennial-renters-future-housing-plans-usa/
Freddie Mac. "Future Housing Plans of Older Millennial Renters in The United States from 2016 to 2019." Statista, Statista Inc., 26 Jun 2019, https://www.statista.com/statistics/1037298/older-millennial-renters-future-housing-plans-usa/
Freddie Mac, Future housing plans of older Millennial renters in the United States from 2016 to 2019 Statista, https://www.statista.com/statistics/1037298/older-millennial-renters-future-housing-plans-usa/ (last visited March 28, 2023)
Future housing plans of older Millennial renters in the United States from 2016 to 2019 [Graph], Freddie Mac, June 26, 2019. [Online]. Available: https://www.statista.com/statistics/1037298/older-millennial-renters-future-housing-plans-usa/