• Affordability expectations of home buyers by generation U.S. 2021

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According to a survey conducted among over 13,000 respondents in the U.S., approximately 71 percent of home buyers who were looking to buy a home in the next 12 months were able to afford less than 50 percent of the homes for sale as of the second quarter of 2021. This result was an improvement compared to the same period in 2020. From all generations, Gen X struggled the most with affordability, with 76 percent of respondents sharing concerns that they could afford less than half of the homes on the market.

In the second quarter of 2021, roughly 17 percent of U.S. adults were planning a home purchase in the next year.

Share of adults who can afford less than 50 percent of the homes for sale in the United States in 2nd quarter 2020 and 2nd quarter 2021, by generation

Characteristic	Q2 2020	Q2 2021
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Source

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Release date

August 2021

More information

Region

United States

Survey time period

June 2020 and June 2021

Number of respondents

13,200*

Special properties

adults planning a home purchase in the next 12 months.

Supplementary notes

* The source adds the following information: "polls are based on a national sample of adults selected to proportionately represent the US adult population in terms of age, gender, region, race/ethnicity, and education. Further weights are applied to the final set of respondents to ensure proper representation across these demographic variables."

"In 2021, Generation Z is constrained to end in the year 2003 because only adults 18 or older can participate in the poll."