The average loan amount in the most popular housing markets was between roughly 198,000 and 340,000 U.S. dollars. In 2021, the median price of a single-family home stood between 350,000 U.S. dollars and 538,000 U.S. dollars, depending on the region.
In 2022, Salt Lake City, Utah, was the hottest market for Generation Z home buyers in the United States. Gen Zers in Salt Lake City were responsible for over nine percent of mortgage requests in that metropolitan area. According to the source, affordability plays a role in choosing a home: Metropolitan areas with the highest share of Generation Z home buyers in the United States in 2022
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Other statistics that may interest you 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. 2023, by gender
- Premium Statistic Reasons why Gen Zers want to buy a house in the U.S. 2022
- Premium Statistic Reasons why Gen Zers want to continue renting in the U.S. 2021
- Premium Statistic Home buyers in the U.S. 2022, by generation
- Premium Statistic Home sellers in the U.S. 2022, by generation
- Premium Statistic Length of current tenure of Gen Z adults in the U.S. 2021
Home buying
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- Premium Statistic Leading metros for Gen Z house buyers in the U.S. in 2022
- Premium Statistic Share of Gen Z planning a home purchase in the U.S. Q3 2019-Q2 2023
- 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 2021-2023, by generation
- Premium Statistic Main reason for timing of home purchase in the U.S. 2022, 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
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- Premium Statistic Median income of home buyers in the U.S. 2022, by generation
- Premium Statistic Average down payment in the leading metros for Gen Z house buyers in the U.S. in 2022
- Premium Statistic Average mortgage loan in the leading metros for Gen Z house buyers in the U.S. 2022
- Premium Statistic Credit score in the metros with the highest share of Gen Z home buyers U.S. 2022
- Premium Statistic Leading obstacles to homebuying for Gen Zers in the U.S. 2022
- Premium Statistic Buyers able to afford less than half of homes for sale U.S. 2020-2023, by generation
- Premium Statistic Homebuyers who struggle to find a home due to affordability U.S. 2023, by generation
Renting
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- Premium Statistic Breakdown of apartment applicants in the U.S. 2021, 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
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- Share of Americans who associate homeownership with the American dream 2016, by age
- Factors influencing house purchase decision among U.S. renters 2015, by age group
- Gen Z homeownership rate in the U.S. 2016 and 2025, by ethnicity
- Colombia: financed residential units 2015-2019, by type
- Purchase-only house price index for South Atlantic in the U.S. 1991-2022
- Use of mobile or tablet during home search in the U.S. 2018
- Price index for housing purchases South Korea 2013-2023
- Purchase-only house price index for the U.S. Mountain region 1991-2022
- First steps during homebuying process in the U.S. 2022
- Conditions influencing neighborhood choice for home purchase in the U.S. 2022
- Most important environmental home features according to U.S. buyers 2022, by age
- Benefits provided by real estate agents in the U.S. 2022
- Natural gas pipeline inflow capacity in the U.S. 2021, by region
- Mexico: retail revenue of clothing & fashion accessories 2014-2021
- Travelers unlikely to change plans due to world events in the U.S. 2014, by gender
- Food purchases by sustainable brand in the U.S. 2021
- Expenditure of affluent U.S. households on boys' suits, sportcoats and vests 2016
Further Content: You might find this interesting as well
Statistics
- Share of Americans who associate homeownership with the American dream 2016, by age
- Factors influencing house purchase decision among U.S. renters 2015, by age group
- Gen Z homeownership rate in the U.S. 2016 and 2025, by ethnicity
- Colombia: financed residential units 2015-2019, by type
- Purchase-only house price index for South Atlantic in the U.S. 1991-2022
- Use of mobile or tablet during home search in the U.S. 2018
- Price index for housing purchases South Korea 2013-2023
- Purchase-only house price index for the U.S. Mountain region 1991-2022
- First steps during homebuying process in the U.S. 2022
- Conditions influencing neighborhood choice for home purchase in the U.S. 2022
- Most important environmental home features according to U.S. buyers 2022, by age
- Benefits provided by real estate agents in the U.S. 2022
- Natural gas pipeline inflow capacity in the U.S. 2021, by region
- Mexico: retail revenue of clothing & fashion accessories 2014-2021
- Travelers unlikely to change plans due to world events in the U.S. 2014, by gender
- Food purchases by sustainable brand in the U.S. 2021
- Expenditure of affluent U.S. households on boys' suits, sportcoats and vests 2016
LendingTree. (June 5, 2023). Metropolitan areas with the highest share of Generation Z home buyers in the United States in 2022 [Graph]. In Statista. Retrieved March 19, 2024, from https://www.statista.com/statistics/1260384/leading-cities-for-gen-z-home-buyers-usa/
LendingTree. "Metropolitan areas with the highest share of Generation Z home buyers in the United States in 2022." Chart. June 5, 2023. Statista. Accessed March 19, 2024. https://www.statista.com/statistics/1260384/leading-cities-for-gen-z-home-buyers-usa/
LendingTree. (2023). Metropolitan areas with the highest share of Generation Z home buyers in the United States in 2022. Statista. Statista Inc.. Accessed: March 19, 2024. https://www.statista.com/statistics/1260384/leading-cities-for-gen-z-home-buyers-usa/
LendingTree. "Metropolitan Areas with The Highest Share of Generation Z Home Buyers in The United States in 2022." Statista, Statista Inc., 5 Jun 2023, https://www.statista.com/statistics/1260384/leading-cities-for-gen-z-home-buyers-usa/
LendingTree, Metropolitan areas with the highest share of Generation Z home buyers in the United States in 2022 Statista, https://www.statista.com/statistics/1260384/leading-cities-for-gen-z-home-buyers-usa/ (last visited March 19, 2024)
Metropolitan areas with the highest share of Generation Z home buyers in the United States in 2022 [Graph], LendingTree, June 5, 2023. [Online]. Available: https://www.statista.com/statistics/1260384/leading-cities-for-gen-z-home-buyers-usa/