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
Share of millennial renters who expect to always rent in the United States from 2018 to 2022
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Other statistics that may interest you Millennials homeownership in the United States
Overview
7
- Premium Statistic U.S. population estimates by generation 2010-2022
- Premium Statistic Homeownership rate in the U.S. 2012-2023
- Premium Statistic Homeownership rate in the U.S. 2021-2022, by age
- Premium Statistic Living arrangements of 25-34-year olds in the U.S. 2022, by gender
- Premium Statistic Living arrangements of 35-64-year olds in the U.S. 2022, by gender
- Premium Statistic Monthly homebuyer sentiment in the U.S. 2011-2023, by age group
- Premium Statistic Leading metros for millennial homebuyers in the United States in 2022
Homeownership plans
7
- Premium Statistic First-time home buyers in the U.S. 2022, by age group
- 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. 2018-2022
- Premium Statistic Conditions influencing neighborhood choice for home purchase U.S. 2022, by age
- Premium Statistic Marital status of home buyers in the U.S. 2022, by age group
- Premium Statistic Size of purchased homes in the U.S. 2022, by age group
- Premium Statistic Share of people who will buy a home upon next move in the U.S. 2011-2023 by age group
Home financing
7
- Premium Statistic Median income of home buyers in the U.S. 2022, by generation
- Premium Statistic Major obstacles to saving for a down payment among American homebuyers 2022, by age
- Premium Statistic Millennial homebuyers: amount saved for down payment in the U.S. 2022
- Premium Statistic Homeowners behind on mortgage payments in the U.S. 2022-2023, by age
- Premium Statistic House purchase compared to asking price in the U.S. 2022, by age group
- Premium Statistic Perceived ease of getting a mortgage in the U.S. 2011-2023, by age group
- Premium Statistic Homebuyers' opinion on mortgage rates in next 12 months U.S. 2011-2023, by age group
Home buying process
7
- Premium Statistic Most difficult steps of the homebuying process in the U.S. 2022, by age group
- Premium Statistic House purchase channels in the U.S. 2022, by age group
- Premium Statistic Information sources used when looking for a home to purchase in the U.S. 2022, by age
- Premium Statistic Frequency of internet use for home searching in the U.S. 2022, by age group
- Premium Statistic Expectations of house buyers from real estate agents in the U.S. 2022, by age group
- Premium Statistic Actions taken as a result of internet home search in the U.S. 2021, by age group
- Premium Statistic Most important environmental home features according to U.S. buyers 2022, by age
Renovations
4
- Basic Statistic Home renovators in the U.S. 2022, by generation
- Basic Statistic Median home renovation spend in the U.S. 2022, by generation
- Basic Statistic Home renovation funding sources in the U.S. 2022, by generation
- Basic Statistic Frequency of different home renovation projects in the U.S. 2022, by generation
Further related statistics
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- Share of Millennial expecting to rent in the future in selected U.S. metros 2019
- Future housing plans of younger Millennial renters in the U.S. 2016-2019
- Future housing plans of older Millennial renters in the U.S. 2016-2019
- Reasons for renting a house among Millennials in the U.S. 2018-2019
- Housing choices made to afford commuting costs in the U.S. 2019, by tenure
- Share of Millennial renters who plan to buy a home in the future in the U.S. 2018
- Housing choices made to pay back student debt in the U.S. 2019, by tenure
- Share of adult's living situations in the United Kingdom (UK) 2017, by region
- Affordability of renting vs owning according to renters in the U.S. 2016-2019
- Future housing plans of Gen X renters in the U.S. 2016-2019
- Millennial homeownership rate in the U.S. 2016 and 2025, by ethnicity
- Share of adult's living situations in the United Kingdom (UK) 2017, by country
- Affordability of renting vs owning according to owners in the U.S. 2016-2019
- Housing choices made to pay for daycare in the U.S. 2019, by tenure
- Millennials who can save enough for a 10% down payment U.S. 2017 by timespan
- U.S.: Favorite food flavors among Generation Z and Millennials by gender in 2020
- U.S.: Eating habits by gender in 2023
- Product rentals in consideration in Russia 2022
Further Content: You might find this interesting as well
Statistics
- Share of Millennial expecting to rent in the future in selected U.S. metros 2019
- Future housing plans of younger Millennial renters in the U.S. 2016-2019
- Future housing plans of older Millennial renters in the U.S. 2016-2019
- Reasons for renting a house among Millennials in the U.S. 2018-2019
- Housing choices made to afford commuting costs in the U.S. 2019, by tenure
- Share of Millennial renters who plan to buy a home in the future in the U.S. 2018
- Housing choices made to pay back student debt in the U.S. 2019, by tenure
- Share of adult's living situations in the United Kingdom (UK) 2017, by region
- Affordability of renting vs owning according to renters in the U.S. 2016-2019
- Future housing plans of Gen X renters in the U.S. 2016-2019
- Millennial homeownership rate in the U.S. 2016 and 2025, by ethnicity
- Share of adult's living situations in the United Kingdom (UK) 2017, by country
- Affordability of renting vs owning according to owners in the U.S. 2016-2019
- Housing choices made to pay for daycare in the U.S. 2019, by tenure
- Millennials who can save enough for a 10% down payment U.S. 2017 by timespan
- U.S.: Favorite food flavors among Generation Z and Millennials by gender in 2020
- U.S.: Eating habits by gender in 2023
- Product rentals in consideration in Russia 2022
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 September 29, 2023, 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 September 29, 2023. 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: September 29, 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, 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 September 29, 2023)
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/