In April 2019, 42 percent of Millennial renters in the United States said that renting was a good choice for now and they cannot afford to buy a home, but would like to purchase a home as some point. However, 30 percent said that renting was a good choice for them for now, even though they could afford to buy a home and will at some point. In February 2018, half of Millennial renters said they couldn't afford to own at the moment and only 21 percent said that they could afford to buy a home at that time.
Reasons for renting a house among Millennials in the United States from February 2018 to April 2019
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Statistics on Millennial homeownership in the United States
Overview
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- 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
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- 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
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- Future housing plans of older Millennial renters in the U.S. 2016-2019
- 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
- Share of Millennial renters who plan to buy a home in the future in the U.S. 2018
- Reasons for renting a house among Gen Xers in the U.S. 2018-2019
- Reasons for renting a house among Baby Boomers in the U.S. 2018-2019
- Affordability of renting vs owning according to renters in the U.S. 2016-2019
- Affordability of renting vs owning according to owners in the U.S. 2016-2019
- Cities with the highest share of renters U.S. 2016
- Future housing plans of Gen X renters in the U.S. 2016-2019
- Most suitable tenure for current lifestyle in the U.S. 2019, by type of home
- Most suitable tenure for current lifestyle in the U.S. 2019, by ownership status
- Changes renters needed to make to afford rent in the U.S. 2019, by generation
- Millennials who delayed moving out due to student debt U.S. 2017, by personal income
- Living arrangements of Millennials in the U.S. 2017, by personal income
- Housing choices made to pay for daycare in the U.S. 2019, by tenure
- Share of Millennials who delayed selling home due to student debt U.S. 2017
- Millennials who delayed moving out due to student debt U.S. 2017, by debt amount
- Millennials who delayed moving out due to student debt U.S. 2017, by generation
- Millennials who delayed home buying due to student debt U.S. 2017, by generation
Further Content: You might find this interesting as well
Statistics
- Future housing plans of older Millennial renters in the U.S. 2016-2019
- 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
- Share of Millennial renters who plan to buy a home in the future in the U.S. 2018
- Reasons for renting a house among Gen Xers in the U.S. 2018-2019
- Reasons for renting a house among Baby Boomers in the U.S. 2018-2019
- Affordability of renting vs owning according to renters in the U.S. 2016-2019
- Affordability of renting vs owning according to owners in the U.S. 2016-2019
- Cities with the highest share of renters U.S. 2016
- Future housing plans of Gen X renters in the U.S. 2016-2019
- Most suitable tenure for current lifestyle in the U.S. 2019, by type of home
- Most suitable tenure for current lifestyle in the U.S. 2019, by ownership status
- Changes renters needed to make to afford rent in the U.S. 2019, by generation
- Millennials who delayed moving out due to student debt U.S. 2017, by personal income
- Living arrangements of Millennials in the U.S. 2017, by personal income
- Housing choices made to pay for daycare in the U.S. 2019, by tenure
- Share of Millennials who delayed selling home due to student debt U.S. 2017
- Millennials who delayed moving out due to student debt U.S. 2017, by debt amount
- Millennials who delayed moving out due to student debt U.S. 2017, by generation
- Millennials who delayed home buying due to student debt U.S. 2017, by generation
Freddie Mac. (June 26, 2019). Reasons for renting a house among Millennials in the United States from February 2018 to April 2019 [Graph]. In Statista. Retrieved March 30, 2023, from https://www.statista.com/statistics/1037340/reasons-renting-millennials-usa/
Freddie Mac. "Reasons for renting a house among Millennials in the United States from February 2018 to April 2019." Chart. June 26, 2019. Statista. Accessed March 30, 2023. https://www.statista.com/statistics/1037340/reasons-renting-millennials-usa/
Freddie Mac. (2019). Reasons for renting a house among Millennials in the United States from February 2018 to April 2019. Statista. Statista Inc.. Accessed: March 30, 2023. https://www.statista.com/statistics/1037340/reasons-renting-millennials-usa/
Freddie Mac. "Reasons for Renting a House among Millennials in The United States from February 2018 to April 2019." Statista, Statista Inc., 26 Jun 2019, https://www.statista.com/statistics/1037340/reasons-renting-millennials-usa/
Freddie Mac, Reasons for renting a house among Millennials in the United States from February 2018 to April 2019 Statista, https://www.statista.com/statistics/1037340/reasons-renting-millennials-usa/ (last visited March 30, 2023)
Reasons for renting a house among Millennials in the United States from February 2018 to April 2019 [Graph], Freddie Mac, June 26, 2019. [Online]. Available: https://www.statista.com/statistics/1037340/reasons-renting-millennials-usa/