Down payment as largest obstacle to buying a home in the U.S. 2019, by ethnicity

Published by Statista Research Department, Mar 16, 2021
In 2019, half of Black Millennial renters cited affording the down payment as their main financial obstacle to homeownership, whereas it was mentioned by 66 percent of the White respondents.

Share of Millennial renters who view the down payment as the largest obstacle to buying a home in the United States in 2019, by ethnicity

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Source

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Release date

November 2019

Region

United States

Survey time period

2019

Number of respondents

over 10,000

Age group

23-38 years

Special properties

Millennial renters

Supplementary notes

The source added: "it should be noted that there is a lot of variation in how much each group expects to need for a down payment: Asian/Pacific Islander: $53,723; White: $24,395; Hispanic: $19,697; Black: $13,119."

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Topics

Millennials homeownership in the U.S.U.S. housing marketApartments in the U.S.Residential construction in the U.S.Residential real estate in New York
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