In 2022, three in four Millennials who had given up on homeownership said that they will most probably always rent because they think they cannot afford to buy a home. Approximately one third of Millennials did not plan to become a homeowner because of the flexibility associated with renting. In the past years the share of Millennials that expect to always rent
Main reasons why Millennials who expect to always rent for giving up of homeownership in the United States from 2020 to 2021
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Statistics on Millennial homeownership in the United States
Overview
8
- Premium Statistic Homeownership rate in the U.S. 2012-2021
- Premium Statistic Leading metros for Millennial house buyers in the United States in 2020
- Premium Statistic Home purchase outlook in the U.S. 2019, by generation
- Premium Statistic Share of Millennials expecting to rent in the future in the U.S. 2018-2022
- Basic Statistic Reasons for Millennials to choose renting over buying a home U.S. 2020-2021
- Premium Statistic Percentage change households in U.S. 2014-2019, by demographic and living situation
- Premium Statistic Profile of Millennial homebuyers in the United States 2020
- Premium Statistic Conditions influencing neighborhood choice for home purchase U.S. 2021, by age
Current living arrangements
4
- Premium Statistic Living arrangements of 25-34-year olds in the U.S. 2021, by gender
- Premium Statistic Living arrangements of 35-64-year olds in the U.S. 2021, by gender
- Basic Statistic Share of Millennials who live in their parents' home in U.S. 2021, by age & gender
- Basic Statistic Share of older Millennials who live in their parents' home U.S. 2016-2021, by gender
Homeownership plans
8
- Premium Statistic First time home buyers in the U.S. 2021, by age group
- Premium Statistic Expected timeline for buying a home according to Millenials 2022
- Premium Statistic Homeownership expectations of adults in the United States in 2020, by generation
- Premium Statistic Homeownership expectations of Millennials in the United States in 2020, by ethnicity
- Premium Statistic Homeownership expectations of Millennials with children in the United States 2020
- Premium Statistic COVID-19 effect on U.S. homeownership plans 2020, 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
Home financing
6
- Premium Statistic Median income of home buyers in the U.S. 2021, by generation
- Premium Statistic Factors that prevent the Americans from saving for a down payment 2021, by age group
- Premium Statistic Down payment sources of Millennial homebuyers in the U.S. 2019
- Premium Statistic Millennial home buyers: amount saved for down payment 2021
- Premium Statistic Millennial renters who had saved for a down payment in the U.S. 2020, by amount
- Premium Statistic Number of years needed to save for down payment in selected U.S. cities 2020
Home buying process
6
- Premium Statistic Information sources used when looking for a house to purchase in the U.S. 2021 by age
- Premium Statistic Most difficult steps of home buying process U.S. 2021, by age group
- Premium Statistic Frequency of internet use for home searching in the U.S. 2021, by age group
- Premium Statistic House purchase channels in the U.S. 2021, by age group
- Premium Statistic Expectations of house buyers from real estate agents in the U.S. 2021, by age group
- Premium Statistic Actions taken as a result of internet home search in the U.S. 2021, by age group
Further related statistics
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- Millennials who can save enough for a 10% down payment U.S. 2017 by timespan
- Homeownership plans of Millennials in the U.S. 2014-2016
- Millennial homeownership rate in the U.S. 2016 and 2025, by ethnicity
- U.S. Millennials perceiving homeownership as personal American dream 2010-2018
- Future housing plans of younger Millennial renters in the U.S. 2016-2019
- Most popular expensive home features for Millennials U.S. 2016
- Share of Millennial expecting to rent in the future in selected U.S. metros 2019
- Life goals of millennials in the United Kingdom in 2019
- Most popular property features for Millennials U.S. 2016
- Most popular home location features for Millennials U.S. 2016
- Future housing plans of older Millennial renters in the U.S. 2016-2019
- Homeownership rate in the U.S. 2010-2018, by family status
- Homeownership rates amongst U.S. Hispanic population, by country of origin 2010
- Home ownership as share of the population in the Netherlands 2006-2012
- Millennials who delayed home buying due to student debt U.S. 2017, by income
- Economic growth driving countries in the future for millennials in 2013
- Average weekly TV viewing hours among Millennials in Canada 2016, by sub-group
- Irresponsible spending growth among Canadian Millennials by category 2000-2016
- Favorite food flavors among Generation Z in the United States in 2020
Further Content: You might find this interesting as well
Statistics
- Millennials who can save enough for a 10% down payment U.S. 2017 by timespan
- Homeownership plans of Millennials in the U.S. 2014-2016
- Millennial homeownership rate in the U.S. 2016 and 2025, by ethnicity
- U.S. Millennials perceiving homeownership as personal American dream 2010-2018
- Future housing plans of younger Millennial renters in the U.S. 2016-2019
- Most popular expensive home features for Millennials U.S. 2016
- Share of Millennial expecting to rent in the future in selected U.S. metros 2019
- Life goals of millennials in the United Kingdom in 2019
- Most popular property features for Millennials U.S. 2016
- Most popular home location features for Millennials U.S. 2016
- Future housing plans of older Millennial renters in the U.S. 2016-2019
- Homeownership rate in the U.S. 2010-2018, by family status
- Homeownership rates amongst U.S. Hispanic population, by country of origin 2010
- Home ownership as share of the population in the Netherlands 2006-2012
- Millennials who delayed home buying due to student debt U.S. 2017, by income
- Economic growth driving countries in the future for millennials in 2013
- Average weekly TV viewing hours among Millennials in Canada 2016, by sub-group
- Irresponsible spending growth among Canadian Millennials by category 2000-2016
- Favorite food flavors among Generation Z in the United States in 2020
Apartment List. (April 21, 2022). Main reasons why Millennials who expect to always rent for giving up of homeownership in the United States from 2020 to 2021 [Graph]. In Statista. Retrieved January 29, 2023, from https://www.statista.com/statistics/784988/homeownership-obstacles-of-millennials-usa/
Apartment List. "Main reasons why Millennials who expect to always rent for giving up of homeownership in the United States from 2020 to 2021." Chart. April 21, 2022. Statista. Accessed January 29, 2023. https://www.statista.com/statistics/784988/homeownership-obstacles-of-millennials-usa/
Apartment List. (2022). Main reasons why Millennials who expect to always rent for giving up of homeownership in the United States from 2020 to 2021. Statista. Statista Inc.. Accessed: January 29, 2023. https://www.statista.com/statistics/784988/homeownership-obstacles-of-millennials-usa/
Apartment List. "Main Reasons Why Millennials Who Expect to Always Rent for Giving up of Homeownership in The United States from 2020 to 2021." Statista, Statista Inc., 21 Apr 2022, https://www.statista.com/statistics/784988/homeownership-obstacles-of-millennials-usa/
Apartment List, Main reasons why Millennials who expect to always rent for giving up of homeownership in the United States from 2020 to 2021 Statista, https://www.statista.com/statistics/784988/homeownership-obstacles-of-millennials-usa/ (last visited January 29, 2023)
Main reasons why Millennials who expect to always rent for giving up of homeownership in the United States from 2020 to 2021 [Graph], Apartment List, April 21, 2022. [Online]. Available: https://www.statista.com/statistics/784988/homeownership-obstacles-of-millennials-usa/