In 2019, 41 percent of Asian Millennial renters cited the monthly mortgage payments as a financial obstacle to homeownership, whereas the monthly payments were only mentioned by 22 percent of the Black respondents.
Share of Millennial renters who view monthly mortgage payments as the largest obstacle to buying a home in the United States in 2019, by ethnicity
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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
14
- Down payment as largest obstacle to buying a home in the U.S. 2019, by ethnicity
- Bad credit as largest obstacle to buying a home in the U.S. 2019, by ethnicity
- Largest obstacles to buying a home for Millennials in the U.S. 2018
- Size of home residents could afford in the U.S. 2018, by generation
- Changes homeowners made to afford mortgage payments in the U.S. 2018-2019
- Least affordable areas in Spain to buy a house Q2 2018
- Share of salary needed for monthly mortgage payment Nashville 2019, by job
- Urban households who can afford the cheapest new houses in Africa 2021, by country
- Financial support for home buyers as GDP share in selected European countries 2015
- Most affordable areas in Spain to buy a house Q2 2018
- Mortgage down payment required Africa 2021, by country
- Views of Millennials on ability to buy a house post-Brexit in the United Kingdom 2016
- Environmentally friendly features when purchasing a home in the U.S. 2021, by age
- Millennials who delayed moving out due to student debt U.S. 2017, by generation
Further Content: You might find this interesting as well
Statistics
- Down payment as largest obstacle to buying a home in the U.S. 2019, by ethnicity
- Bad credit as largest obstacle to buying a home in the U.S. 2019, by ethnicity
- Largest obstacles to buying a home for Millennials in the U.S. 2018
- Size of home residents could afford in the U.S. 2018, by generation
- Changes homeowners made to afford mortgage payments in the U.S. 2018-2019
- Least affordable areas in Spain to buy a house Q2 2018
- Share of salary needed for monthly mortgage payment Nashville 2019, by job
- Urban households who can afford the cheapest new houses in Africa 2021, by country
- Financial support for home buyers as GDP share in selected European countries 2015
- Most affordable areas in Spain to buy a house Q2 2018
- Mortgage down payment required Africa 2021, by country
- Views of Millennials on ability to buy a house post-Brexit in the United Kingdom 2016
- Environmentally friendly features when purchasing a home in the U.S. 2021, by age
- Millennials who delayed moving out due to student debt U.S. 2017, by generation
Apartment List. (November 19, 2019). Share of Millennial renters who view monthly mortgage payments as the largest obstacle to buying a home in the United States in 2019, by ethnicity [Graph]. In Statista. Retrieved March 31, 2023, from https://www.statista.com/statistics/1073939/home-purchase-obstacle-mortgage-payments-by-ethnicity-usa/
Apartment List. "Share of Millennial renters who view monthly mortgage payments as the largest obstacle to buying a home in the United States in 2019, by ethnicity." Chart. November 19, 2019. Statista. Accessed March 31, 2023. https://www.statista.com/statistics/1073939/home-purchase-obstacle-mortgage-payments-by-ethnicity-usa/
Apartment List. (2019). Share of Millennial renters who view monthly mortgage payments as the largest obstacle to buying a home in the United States in 2019, by ethnicity. Statista. Statista Inc.. Accessed: March 31, 2023. https://www.statista.com/statistics/1073939/home-purchase-obstacle-mortgage-payments-by-ethnicity-usa/
Apartment List. "Share of Millennial Renters Who View Monthly Mortgage Payments as The Largest Obstacle to Buying a Home in The United States in 2019, by Ethnicity." Statista, Statista Inc., 19 Nov 2019, https://www.statista.com/statistics/1073939/home-purchase-obstacle-mortgage-payments-by-ethnicity-usa/
Apartment List, Share of Millennial renters who view monthly mortgage payments as the largest obstacle to buying a home in the United States in 2019, by ethnicity Statista, https://www.statista.com/statistics/1073939/home-purchase-obstacle-mortgage-payments-by-ethnicity-usa/ (last visited March 31, 2023)
Share of Millennial renters who view monthly mortgage payments as the largest obstacle to buying a home in the United States in 2019, by ethnicity [Graph], Apartment List, November 19, 2019. [Online]. Available: https://www.statista.com/statistics/1073939/home-purchase-obstacle-mortgage-payments-by-ethnicity-usa/