Owning a home has traditionally been an integral part of the "American dream", but for millennials entering the housing market has been notoriously difficult. Between 2018 and 2022, the share of millennials in the United States who expect to always rent their home increased from 13.3 to 24.7 percent. As the youngest demographic in the housing market, people under 35 years have a homeownership rate much lower than any other generation.
Share of millennial renters who expect to always rent in the United States from 2018 to 2022
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Apartment List. (April 18, 2023). Share of millennial renters who expect to always rent in the United States from 2018 to 2022 [Graph]. In Statista. Retrieved November 05, 2024, from https://www.statista.com/statistics/1222083/millennial-renters-expect-to-rent-forever-usa/
Apartment List. "Share of millennial renters who expect to always rent in the United States from 2018 to 2022." Chart. April 18, 2023. Statista. Accessed November 05, 2024. https://www.statista.com/statistics/1222083/millennial-renters-expect-to-rent-forever-usa/
Apartment List. (2023). Share of millennial renters who expect to always rent in the United States from 2018 to 2022. Statista. Statista Inc.. Accessed: November 05, 2024. https://www.statista.com/statistics/1222083/millennial-renters-expect-to-rent-forever-usa/
Apartment List. "Share of Millennial Renters Who Expect to Always Rent in The United States from 2018 to 2022." Statista, Statista Inc., 18 Apr 2023, https://www.statista.com/statistics/1222083/millennial-renters-expect-to-rent-forever-usa/
Apartment List, Share of millennial renters who expect to always rent in the United States from 2018 to 2022 Statista, https://www.statista.com/statistics/1222083/millennial-renters-expect-to-rent-forever-usa/ (last visited November 05, 2024)
Share of millennial renters who expect to always rent in the United States from 2018 to 2022 [Graph], Apartment List, April 18, 2023. [Online]. Available: https://www.statista.com/statistics/1222083/millennial-renters-expect-to-rent-forever-usa/