One of the main reasons why Gen Z adults would like to rent over buying a house according to a survey conducted among approximately 4,000 U.S. adults aged 25 and under was the freedom to move. Other reasons stated by respondents were that renting is less hassle (54 percent) and that there is no need to save for a down payment (31 percent).
Share of Gen Z adults by reasons for wanting to continue renting in the United States in 2021
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Statistics on Gen Z and the housing market in the U.S.
Introduction
7
- Premium Statistic Homeownership expectations of adults in the United States in 2020, by generation
- Premium Statistic Living arrangements of 18-24-year olds in the U.S. 2021, by gender
- Premium Statistic Reasons why Gen Zers want to buy a house in the U.S. 2021
- Premium Statistic Reasons why Gen Zers want to continue renting in the U.S. 2021
- Premium Statistic Home buyers in the U.S. 2021, by generation
- Premium Statistic Home sellers in the U.S. 2021, by generation
- Premium Statistic Length of current tenure of Gen Z adults in the U.S. 2021
Home buying
8
- Premium Statistic Leading metros for Gen Z house buyers in the U.S. in 2020
- Premium Statistic Share of Gen Z planning a home purchase in the U.S. Q3 2019-Q2 2022
- Premium Statistic Share of Gen Z actively looking for a home in the U.S. Q3 2019-Q2 2022
- Premium Statistic Share of prospective home buyers who prefer a new home Q2 2021-Q2 2022, by generation
- Premium Statistic Main reason for timing of home purchase in the U.S. 2021, 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
- Premium Statistic Gen Z's current and preferred home location in the U.S. 2021
Home financing and affordability
7
- Premium Statistic Median income of home buyers in the U.S. 2021, by generation
- Premium Statistic Average down payment in the leading metros for Gen Z house buyers in the U.S. in 2020
- Premium Statistic Average mortgage loan in the leading metros for Gen Z house buyers in the U.S. 2020
- Premium Statistic Credit score in the metros with the highest share of Gen Z home buyers U.S. 2020
- Premium Statistic Leading obstacles to homebuying for Gen Zers in the U.S. 2021
- Premium Statistic Buyers able to afford less than half of homes for sale U.S. 2020-2022, by generation
- Premium Statistic Home buyers who struggle finding a home due to affordability U.S. 2022, by generation
Renting
7
- Premium Statistic Breakdown of apartment applicants in the U.S. 2022, by generation
- Basic Statistic Most important apartment features for renters in the U.S. 2020, by generation
- Premium Statistic Credit score for renting different apartments in the U.S. 2020, by generation
- Premium Statistic Most popular metros for Gen Z apartment applicants in the U.S. 2021, by metro
- Premium Statistic Most popular cities for Gen Z apartment applicants in the U.S. 2021, by city
- Premium Statistic Increasingly popular cities for Gen Z apartment applicants the U.S. 2021
- Premium Statistic Gen Z touring preferences when looking for a rental apartment in the U.S. 2020
Further related statistics
19
- Most difficult steps of home buying process in the U.S. 2021
- Environmentally friendly features when purchasing a home in the U.S. 2021, by age
- House purchase compared to asking price in the U.S. 2021, by age group
- Information sources used when looking for a house to purchase in the U.S. 2021
- Attendance of open house during home search in the U.S. 2018
- Home purchase outlook in the U.S. 2019, by tenure
- Marital status of home buyers in the U.S. 2021, by age group
- First steps during home buying process in the U.S. 2021, by age group
- Conditions influencing neighborhood choice for home purchase in the U.S. 2021
- Expectations of house buyers from real estate agents in the U.S. 2021
- Important environmentally friendly features when purchasing a home U.S. 2021
- Location of homes purchased in the U.S. in 2021
- House purchase channels in the U.S. 2021
- Location of home purchase in the U.S. in 2021, by age group
- Actions taken as a result of internet home search in the U.S. 2021
- U.S. dollar sales of fresh pork 2022, by cut
- Share of female physicians in the U.S. in 2022, by state
- Kitchen countertop materials in the U.S. 2014, by neighborhood
- Most used types of plastic freezer, sandwich or storage bags in the U.S. 2020
Further Content: You might find this interesting as well
Statistics
- Most difficult steps of home buying process in the U.S. 2021
- Environmentally friendly features when purchasing a home in the U.S. 2021, by age
- House purchase compared to asking price in the U.S. 2021, by age group
- Information sources used when looking for a house to purchase in the U.S. 2021
- Attendance of open house during home search in the U.S. 2018
- Home purchase outlook in the U.S. 2019, by tenure
- Marital status of home buyers in the U.S. 2021, by age group
- First steps during home buying process in the U.S. 2021, by age group
- Conditions influencing neighborhood choice for home purchase in the U.S. 2021
- Expectations of house buyers from real estate agents in the U.S. 2021
- Important environmentally friendly features when purchasing a home U.S. 2021
- Location of homes purchased in the U.S. in 2021
- House purchase channels in the U.S. 2021
- Location of home purchase in the U.S. in 2021, by age group
- Actions taken as a result of internet home search in the U.S. 2021
- U.S. dollar sales of fresh pork 2022, by cut
- Share of female physicians in the U.S. in 2022, by state
- Kitchen countertop materials in the U.S. 2014, by neighborhood
- Most used types of plastic freezer, sandwich or storage bags in the U.S. 2020
National Association of Realtors. (June 24, 2021). Share of Gen Z adults by reasons for wanting to continue renting in the United States in 2021 [Graph]. In Statista. Retrieved January 31, 2023, from https://www.statista.com/statistics/1260331/gen-z-reasons-for-wanting-to-rent-usa/
National Association of Realtors. "Share of Gen Z adults by reasons for wanting to continue renting in the United States in 2021." Chart. June 24, 2021. Statista. Accessed January 31, 2023. https://www.statista.com/statistics/1260331/gen-z-reasons-for-wanting-to-rent-usa/
National Association of Realtors. (2021). Share of Gen Z adults by reasons for wanting to continue renting in the United States in 2021. Statista. Statista Inc.. Accessed: January 31, 2023. https://www.statista.com/statistics/1260331/gen-z-reasons-for-wanting-to-rent-usa/
National Association of Realtors. "Share of Gen Z Adults by Reasons for Wanting to Continue Renting in The United States in 2021." Statista, Statista Inc., 24 Jun 2021, https://www.statista.com/statistics/1260331/gen-z-reasons-for-wanting-to-rent-usa/
National Association of Realtors, Share of Gen Z adults by reasons for wanting to continue renting in the United States in 2021 Statista, https://www.statista.com/statistics/1260331/gen-z-reasons-for-wanting-to-rent-usa/ (last visited January 31, 2023)
Share of Gen Z adults by reasons for wanting to continue renting in the United States in 2021 [Graph], National Association of Realtors, June 24, 2021. [Online]. Available: https://www.statista.com/statistics/1260331/gen-z-reasons-for-wanting-to-rent-usa/