Future homeownership plans of Americans 2020

In a September 2020 survey among adults in the United States, 33 percent of Millennials said that they were currently saving up to buy a house, as compared to 10 percent of Baby Boomers. While just seven percent of GenZers said that they never plan or expect to own a home, three in five Baby Boomers said so (61 percent).

In the United States, the 2020 homeownership rate reached 65.8 percent.

Distribution of GenZers, Millennials, GenXers, and Baby Boomers in the United States in 2020, by homeownership plans

Characteristic	I am currently saving to purchase a home	I am not currently saving to purchase a home	I expect to inherent a home in the future	I don't expect or plan to ever own a home	Don't know / no opinion
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-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-

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Release date

September 2020

More information

Region

United States

Survey time period

September 2020

Number of respondents

4,400 respondents

Age group

Adults

Method of interview

Online survey

Supplementary notes

Data were weighted to approximate a target sample of adults based on age, race/ethnicity, gender, educational attainment, and region. Results from the full survey have a margin of error of plus or minus 1 percentage points.

The original survey question was formulated as: "Do you expect to own a home in the future?"

This survey question's respondents were 271 GenZers (1997-2012), 737 millennials (1981-1996), 439 GenXers (1965-1980) and 375 Baby Boomers (1946-1964).

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