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
The source adds the following information: "The results reflect a nationally representative sample of adults. Results were weighted for age, gender, region, race/ethnicity, and income where necessary to align them with their actual proportions in the population. In addition to the general population, an oversample was collected for Gen Z not yet in the housing market. The oversample was weighted to align with the original sample. There are 708 Gen Z respondents, defined as those aged 25 and under who have never bought a home and are not planning to buy in 2021, with a margin of error of plus or minus 3.1 percentage points."
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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 17, 2022, 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 17, 2022. 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 17, 2022. 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 17, 2022)
