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Challenges Millennials face in affording a home U.S. 2017
Challenges Millennials face in affording a home U.S. 2017
Main challenges Millennials face in affording a home in the United States in 2017
by Jennifer Rudden,
last edited
Nov 23, 2018
This statistic shows the Main challenges Millennials face in affording a home in the United States in 2017. In that year, 29 percent of respondents said that they struggled to afford a home because they had a low credit score.
Main challenges Millennials face in affording a home in the United States in 2017
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| Share of respondents | |
|---|---|
| The down payment | 53% |
| Monthly payments | 36% |
| Low credit score | 29% |
| Other | 13% |
| Share of respondents | |
|---|---|
| The down payment | 53% |
| Monthly payments | 36% |
| Low credit score | 29% |
| Other | 13% |
© Statista 2019
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Source: Apartment List
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by Jennifer Rudden,
last edited
Nov 23, 2018
This statistic shows the Main challenges Millennials face in affording a home in the United States in 2017. In that year, 29 percent of respondents said that they struggled to afford a home because they had a low credit score.
- Source
- Apartment List
- Show further sources information
- As a Premium user you get access to the detailed source references and background information about this statistic.
- Show publisher information
- Release date
- May 2017
- Region
- United States
- Survey time period
- October 2016 to April 2017
- Number of respondents
- 24,000 respondents
- Special properties
- Millennial renters, born between 1982 and 2004
Source
- Source
- Apartment List
- Show further sources information
- As a Premium user you get access to the detailed source references and background information about this statistic.
- Show publisher information
- Release date
- May 2017
More information
- Region
- United States
- Survey time period
- October 2016 to April 2017
- Number of respondents
- 24,000 respondents
- Special properties
- Millennial renters, born between 1982 and 2004
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Statistics on "Affordable housing in the United States"
- Overview
The most important statistics
- Number of housing cost burdened households in the United States among renters from 2003 to 2017 (in millions)Number of housing cost burdened households in the U.S. among renters 2003-2017
- Main reasons why non-homeowners don't currently own a home in the United States in 2018Main reasons non-owners don't currently own a home U.S. 2018
- Rent per square foot to income ratio in selected markets in the United States in 2017Rent to income ratio in selected markets in the U.S. 2017
- Share of average wages needed to buy a median priced home in the United States from Q1 2005 to Q3 2018Share of wages needed to buy a median priced home in the U.S. 2005-2018
- Share of income spent on rent by 22 to 30 year olds in the United States in 2018, by generationRent cost of 22-30 year olds in the U.S. 2018, by generation
- Most affordable metro areas in the United States in 2018, by share of income spent on rentMost affordable metro areas U.S. 2018, by income spent on rent
- Share of zip codes where all homes were affordable in selected markets in the United States in 2019Share of zip codes where all homes were affordable in selected U.S. markets 2019
- Affordability by profession
The most important statistics
- Share of homes affordable to teachers in selected cities in the United States in 2018, by metroShare of homes affordable to teachers in the U.S. 2018, by metro
- Share of homes affordable to programmers in selected cities in the United States in 2018Share of homes affordable to programmers in selected cities in the U.S. 2018
- Share of homes affordable to workers in San Francisco, California in 2018, by professionShare of homes affordable to programmers in San Francisco, CA 2018
- Share of adults concerned about affordable housing for working class and public servants in the United States in 2017Concern over affordable housing for working class vs. public servants U.S. 2017
- Home purchase behavior
The most important statistics
- Main reason for timing of home purchase in the United States in 2018, by generationMain reason for timing of home purchase in the U.S. 2018, by generation
- Largest obstacle to buying a home in the United States in 2018, by generationLargest obstacle to buying a home in the U.S. 2018, by generation
- Likelihood of homeowners paying more for better neighborhood vs. living comfortably within budget in the United States in 2017Strain on budget for better neighborhood vs. living comfortably in budget U.S. 2017
- Likelihood of homeowners paying more for better neighborhood vs. living comfortably within budget in the United States in 2017, by income levelStrain on budget for better neighborhood vs. living within budget U.S. 2017 by income
- Main challenges Millennials face in affording a home in the United States in 2017Challenges Millennials face in affording a home U.S. 2017
- Amount of money needed by Generation Z per month to afford a ten percent down payment in selected markets in the United States by 2031 (in U.S. dollars)Savings needed by U.S. Gen Z to afford a down payment by age 30, by market 2019
- Manufactured homes
The most important statistics
- Average sales price of new manufactured homes in the United States from 2014 to 2018 (in 1,000 U.S. dollars)Average sales price of new mobile homes in the U.S. 2014-2018
- Average sales price of new single-width manufactured homes in the United States from 2014 to 2018 (in 1,000 U.S. dollars)Average sales price of new single-width mobile homes in the U.S. 2014-2018
- Average sales price of new double-width manufactured homes in the United States from 2014 to 2018 (in 1,000 U.S. dollars)Average sales price of new double-width mobile homes in the U.S. 2014-2018
- Share of households living in mobile homes in selected metros in the United States in 2016Share of HHs living in mobile homes in selected metros in the U.S. 2016
- Number of households living in mobile homes in selected metros in the United States in 2016 (in 1,000s)Number of HHs living in mobile homes in selected metros in the U.S. 2016
- Average price per square foot of site-built and manufactured homes in the United States in 2017 (in U.S. dollars)Average price per sf of site-built and mobile homes in the U.S. 2017
- Affordable housing access
The most important statistics
- Availability of affordable housing units for extremely low income (ELI) renter households in the United States in 2017, by stateAffordable and available housing units for ELI renter households in the U.S. 2017
- Ways U.S. mayors want to see housing change in their cities 2017, by regionWays U.S. mayors want to see housing change in their cities 2017, by region
- Consumer opinion on reasons why people need public assistance for housing in the United States in 2017, by gender and education levelReasons for public assistance for housing U.S. 2017, by gender and education level
- Number of affordable three bedroom homes for sale in selected metros in the United States in 2018, by mortgage rateAffordable three bed homes for sale in selected U.S. metros 2018, by mortgage rate
- Opinion of mayors about affordable housing being a part of the city's infrastructure vs a distinct sector in the United States as of 2018View of U.S. mayors of affordable housing in their cities 2018, by location
- Obstacles to improving access
The most important statistics
- What are two biggest obstacles to improving access to housing for low-income families?Main obstacles to improving housing access for low-income families U.S. 2017
- What are two biggest obstacles to improving access to housing for residents of color?Main obstacles to improving housing access for residents of color U.S. 2017
- What are two biggest obstacles to improving access to housing for middle-income families?Main obstacles to improving housing access for middle-income families U.S. 2017
- What are two biggest obstacles to improving access to housing for residents who are elderly/disabled?Main obstacles to improving housing access for elderly/disabled residents U.S. 2017
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Statistics
- Expected timeline for buying a home according to Millenials 2016
- U.S. Millennials perceiving homeownership as personal American dream 2010-2018
- Millennial homeownership rate in the U.S. 2016 and 2025, by ethnicity
- Expectations of private renters to buy current home in England 2006/07-2015/16
- Percentage of households who own their home in the United Kingdom in 2017, by age
- Millennials who delayed moving out due to student debt U.S. 2017, by personal income
- Homeownership rate in the U.S. 2010-2017, by family status
- Millennials who delayed moving out due to student debt U.S. 2017, by debt amount
- Paraguay: number of housing units in Asunción 2016, by ownership
- Length of time homeowners planned to live in current home in the U.S. 2016, by age
- Millennials who delayed moving out due to student debt U.S. 2017, by generation
- Share of Americans who associate homeownership with the American dream 2016, by age
- Median tenure of sellers in home in the U.S. 1985-2016
- Living arrangements of Millennials in the U.S. 2017, by personal income
- Brunch: proportion starting to eat brunch out United Kingdom (UK) 2015
- Financial products owned by Millennials in the United States 2014
- First point generation Y check on nonprofit organizations' websites, U.S. 2012
- Major issues affecting millenials in country of residence in Asia-Pacific 2017
- Important loyalty program benefits for millennials in the U.S. 2013
Statistics on "Affordable housing in the United States"
- Number of housing cost burdened households in the United States among renters from 2003 to 2017 (in millions)
- Main reasons why non-homeowners don't currently own a home in the United States in 2018
- Rent per square foot to income ratio in selected markets in the United States in 2017
- Share of average wages needed to buy a median priced home in the United States from Q1 2005 to Q3 2018
- Share of income spent on rent by 22 to 30 year olds in the United States in 2018, by generation
- Most affordable metro areas in the United States in 2018, by share of income spent on rent
- Share of zip codes where all homes were affordable in selected markets in the United States in 2019
- Share of homes affordable to teachers in selected cities in the United States in 2018, by metro
- Share of homes affordable to programmers in selected cities in the United States in 2018
- Share of homes affordable to workers in San Francisco, California in 2018, by profession
- Share of adults concerned about affordable housing for working class and public servants in the United States in 2017
- Main reason for timing of home purchase in the United States in 2018, by generation
- Largest obstacle to buying a home in the United States in 2018, by generation
- Likelihood of homeowners paying more for better neighborhood vs. living comfortably within budget in the United States in 2017
- Likelihood of homeowners paying more for better neighborhood vs. living comfortably within budget in the United States in 2017, by income level
- Main challenges Millennials face in affording a home in the United States in 2017
- Amount of money needed by Generation Z per month to afford a ten percent down payment in selected markets in the United States by 2031 (in U.S. dollars)
- Average sales price of new manufactured homes in the United States from 2014 to 2018 (in 1,000 U.S. dollars)
- Average sales price of new single-width manufactured homes in the United States from 2014 to 2018 (in 1,000 U.S. dollars)
- Average sales price of new double-width manufactured homes in the United States from 2014 to 2018 (in 1,000 U.S. dollars)
- Share of households living in mobile homes in selected metros in the United States in 2016
- Number of households living in mobile homes in selected metros in the United States in 2016 (in 1,000s)
- Average price per square foot of site-built and manufactured homes in the United States in 2017 (in U.S. dollars)
- Availability of affordable housing units for extremely low income (ELI) renter households in the United States in 2017, by state
- Ways U.S. mayors want to see housing change in their cities 2017, by region
- Consumer opinion on reasons why people need public assistance for housing in the United States in 2017, by gender and education level
- Number of affordable three bedroom homes for sale in selected metros in the United States in 2018, by mortgage rate
- Opinion of mayors about affordable housing being a part of the city's infrastructure vs a distinct sector in the United States as of 2018
- What are two biggest obstacles to improving access to housing for low-income families?
- What are two biggest obstacles to improving access to housing for residents of color?
- What are two biggest obstacles to improving access to housing for middle-income families?
- What are two biggest obstacles to improving access to housing for residents who are elderly/disabled?
- When do Millennials expect to buy a home?
- Share of American Millennials perceiving homeownership as part of achieving their personal American dream from 2010 to 2018
- Homeownership rate among Millennials in the United States in 2016 and 2025, by ethnicity
- Expectations of private renters to buy current home in England from 2006/07 to 2015/16 (in1,000s)
- Percentage of households who own their home in the United Kingdom in 2017, by age of household reference person
- Share of Millennials who delayed moving out due to student debt in the United States in 2017, by personal income
- Homeownership rate in the United States from 2010 to 2017, by family status
- Share of Millennials who delayed moving out due to student debt in the United States in 2017, by debt amount
- Number of housing units in Asunción, Paraguay in 2016, by type of ownership
- Length of time homeowners planned to live in current home in the United States in 2016, by age group
- Share of Millennials who delayed moving out due to student debt in the United States in 2017, by generation
- Share of Americans who associate homeownership with the American dream in 2016, by age group
- Median tenure of sellers in home in the United States from 1985 to 2016 (in years)
- Living arrangements of Millennials with student debt in the United States in 2017, by personal income
- Generation Y respondents who are now starting to eat brunch out in the United Kingdom (UK) in 2015
- Do you own any of the following financial products?
- When you visit a nonprofit website what is the first thing you look for?
- Major issues identified by millenials that are affecting their country of residence in Asia-Pacific as of June 2017
- Importance of loyalty program benefits for millennials in the United States as of November 2013
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