largest share of Gen Z mortgage requests and the highest loan amount.
In 2022, Salt Lake City, Utah, had the least affordable housing among the top ten metros with the highest share of Gen Z home buyers in the United States. The average requested mortgage loan amount by Gen Zers was 340,000 U.S. dollars. Between 18 and 23 percent of mortgage applications in the metros included in this statistic came from Gen Z home buyers. While house prices do in fact influence Gen Zers' choice, Salt Lake City, UT, had both the Average requested mortgage loan amount in the metros with the highest share of Generation Z home buyers in the United States in 2022 (in U.S. dollars)
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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
8
- 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
7
- 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
7
- 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
20
- Most important environmental home features according to U.S. buyers 2022, by age
- Benefits provided by real estate agents in the U.S. 2022
- Purchase-only house price index for the U.S. 1991-2022
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- Effects of restrictive immigration policies on home buying or selling U.S. 2018
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- Expectations of homebuyers from real estate agents in the U.S. 2022
- Effects of raising mortgage rates on future home buying in the U.S. 2018
- Mortgage interest rates Africa 2022, by country
- Conditions influencing neighborhood choice for home purchase in the U.S. 2022
- Share of homeowner equity in real estate in the U.S. 1960-2022
- Location of home purchase in the U.S. in 2021, by age group
- House purchase channels in the U.S. 2022
- Attendance of open house during home search in the U.S. 2018
- Location of homes purchased in the U.S. in 2021
- Consumer tipping amounts at cafeterias and buffets in the U.S. as of July 2014
- Revenue of steel framing in the U.S., 2008-2013
- Opinion on competitive advantage of female trans athletes in the U.S. 2021, by gender
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Statistics
- Most important environmental home features according to U.S. buyers 2022, by age
- Benefits provided by real estate agents in the U.S. 2022
- Purchase-only house price index for the U.S. 1991-2022
- First steps during homebuying process in the U.S. 2022
- Effects of restrictive immigration policies on home buying or selling U.S. 2018
- Most important environmentally friendly features among homebuyers in the U.S. 2022
- Expectations of homebuyers from real estate agents in the U.S. 2022
- Effects of raising mortgage rates on future home buying in the U.S. 2018
- Mortgage interest rates Africa 2022, by country
- Conditions influencing neighborhood choice for home purchase in the U.S. 2022
- Share of homeowner equity in real estate in the U.S. 1960-2022
- Location of home purchase in the U.S. in 2021, by age group
- House purchase channels in the U.S. 2022
- Attendance of open house during home search in the U.S. 2018
- Location of homes purchased in the U.S. in 2021
- Consumer tipping amounts at cafeterias and buffets in the U.S. as of July 2014
- Revenue of steel framing in the U.S., 2008-2013
- Opinion on competitive advantage of female trans athletes in the U.S. 2021, by gender
- Familiarity with Katherine Johnson by region U.S. 2019
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LendingTree. (June 5, 2023). Average requested mortgage loan amount in the metros with the highest share of Generation Z home buyers in the United States in 2022 (in U.S. dollars) [Graph]. In Statista. Retrieved March 19, 2024, from https://www.statista.com/statistics/1260428/loan-amount-in-leading-metros-for-gen-z-home-buyers-usa/
LendingTree. "Average requested mortgage loan amount in the metros with the highest share of Generation Z home buyers in the United States in 2022 (in U.S. dollars)." Chart. June 5, 2023. Statista. Accessed March 19, 2024. https://www.statista.com/statistics/1260428/loan-amount-in-leading-metros-for-gen-z-home-buyers-usa/
LendingTree. (2023). Average requested mortgage loan amount in the metros with the highest share of Generation Z home buyers in the United States in 2022 (in U.S. dollars). Statista. Statista Inc.. Accessed: March 19, 2024. https://www.statista.com/statistics/1260428/loan-amount-in-leading-metros-for-gen-z-home-buyers-usa/
LendingTree. "Average Requested Mortgage Loan Amount in The Metros with The Highest Share of Generation Z Home Buyers in The United States in 2022 (in U.S. Dollars)." Statista, Statista Inc., 5 Jun 2023, https://www.statista.com/statistics/1260428/loan-amount-in-leading-metros-for-gen-z-home-buyers-usa/
LendingTree, Average requested mortgage loan amount in the metros with the highest share of Generation Z home buyers in the United States in 2022 (in U.S. dollars) Statista, https://www.statista.com/statistics/1260428/loan-amount-in-leading-metros-for-gen-z-home-buyers-usa/ (last visited March 19, 2024)
Average requested mortgage loan amount in the metros with the highest share of Generation Z home buyers in the United States in 2022 (in U.S. dollars) [Graph], LendingTree, June 5, 2023. [Online]. Available: https://www.statista.com/statistics/1260428/loan-amount-in-leading-metros-for-gen-z-home-buyers-usa/