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In a September 2020 survey among adults in the United States, 33 percent of Millennials said that they were currently saving up to buy a house, as compared to 10 percent of Baby Boomers. While just seven percent of GenZers said that they never plan or expect to own a home, three in five Baby Boomers said so (61 percent).
Distribution of GenZers, Millennials, GenXers, and Baby Boomers in the United States in 2020, by homeownership plans
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Other statistics that may interest you Millennials homeownership in the United States
Overview
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Homeownership plans
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- Premium Statistic First-time home buyers in the U.S. 2023, by age group
- 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. 2018-2022
- Premium Statistic Conditions influencing neighborhood choice for home purchase U.S. 2022, by age
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- Premium Statistic Size of purchased homes in the U.S. 2023, by age group
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Home financing
7
- Premium Statistic Median income of home buyers in the U.S. 2023, by generation
- Premium Statistic Major obstacles to saving for a down payment among American homebuyers 2023, by age
- Premium Statistic Millennial homebuyers: amount saved for down payment in the U.S. 2022
- Premium Statistic Homeowners behind on mortgage payments in the U.S. 2022-2023, by age
- Premium Statistic House purchase compared to asking price in the U.S. 2022, by age group
- Premium Statistic Perceived ease of getting a mortgage in the U.S. 2011-2023, by age group
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Home buying process
7
- Premium Statistic Most difficult steps of the homebuying process in the U.S. 2023, by age group
- Premium Statistic House purchase channels in the U.S. 2022, by age group
- Premium Statistic Information sources used when looking for a home to purchase in the U.S. 2022, by age
- Premium Statistic Frequency of internet use for home searching in the U.S. 2022, by age group
- Premium Statistic Expectations of house buyers from real estate agents in the U.S. 2023, by age group
- Premium Statistic Actions taken as a result of internet home search in the U.S. 2022, by age group
- Premium Statistic Most important environmental home features according to U.S. buyers 2023, by age
Renovations
4
- Basic Statistic Home renovators in the U.S. 2023, by generation
- Basic Statistic Median home renovation spend in the U.S. 2023, by generation
- Basic Statistic Home renovation funding sources in the U.S. 2023, by generation
- Basic Statistic Frequency of different home renovation projects in the U.S. 2022, by generation
Further related statistics
18
- Share of homeowners planning to sell their home soon in the U.S. 2019, by generation
- Home renovators in the U.S. 2023, by generation
- Share of homeowners living in first home in the U.S. 2019, by generation
- Impact of changes on future housing plans in the U.S. 2019, by generation
- Length of time homeowners planned to live in current home in the U.S. 2016, by age
- Paraguay: number of housing units in AsunciĆ³n 2016, by ownership
- Homeownership rate in Miami, San Francisco and New York 2018
- Homeownership rate in Toronto and Vancouver in 2018
- Size of down payment home buyers put down in the U.S. 2019, by generation
- Reasons for saving money in the U.S. in 2017, by age
- Mexico: consumer expenditure 2017, by channel & generation
- Individuals who believed that fake news is a major problem in the UK in 2017
- Individuals who favored Amazon to purchase goods in the UK in 2017
- Individuals attitudes to technology in the UK in 2017
- Individuals who think that artificial intelligence will save the world in the UK 2017
- Most common factors considered when purchasing a condominium unit in Japan 2021
- Effect of coronavirus pandemic on homeownership plans U.S. 2020, by gender
- Preferred alcoholic beverages in U.S. 2019, by generational cohort
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Statistics
- Share of homeowners planning to sell their home soon in the U.S. 2019, by generation
- Home renovators in the U.S. 2023, by generation
- Share of homeowners living in first home in the U.S. 2019, by generation
- Impact of changes on future housing plans in the U.S. 2019, by generation
- Length of time homeowners planned to live in current home in the U.S. 2016, by age
- Paraguay: number of housing units in AsunciĆ³n 2016, by ownership
- Homeownership rate in Miami, San Francisco and New York 2018
- Homeownership rate in Toronto and Vancouver in 2018
- Size of down payment home buyers put down in the U.S. 2019, by generation
- Reasons for saving money in the U.S. in 2017, by age
- Mexico: consumer expenditure 2017, by channel & generation
- Individuals who believed that fake news is a major problem in the UK in 2017
- Individuals who favored Amazon to purchase goods in the UK in 2017
- Individuals attitudes to technology in the UK in 2017
- Individuals who think that artificial intelligence will save the world in the UK 2017
- Most common factors considered when purchasing a condominium unit in Japan 2021
- Effect of coronavirus pandemic on homeownership plans U.S. 2020, by gender
- Preferred alcoholic beverages in U.S. 2019, by generational cohort
Morning Consult. (September 28, 2020). Distribution of GenZers, Millennials, GenXers, and Baby Boomers in the United States in 2020, by homeownership plans [Graph]. In Statista. Retrieved May 23, 2024, from https://www.statista.com/statistics/1220465/homeownership-plans-genz-millennials-genx-baby-boomers-usa/
Morning Consult. "Distribution of GenZers, Millennials, GenXers, and Baby Boomers in the United States in 2020, by homeownership plans ." Chart. September 28, 2020. Statista. Accessed May 23, 2024. https://www.statista.com/statistics/1220465/homeownership-plans-genz-millennials-genx-baby-boomers-usa/
Morning Consult. (2020). Distribution of GenZers, Millennials, GenXers, and Baby Boomers in the United States in 2020, by homeownership plans . Statista. Statista Inc.. Accessed: May 23, 2024. https://www.statista.com/statistics/1220465/homeownership-plans-genz-millennials-genx-baby-boomers-usa/
Morning Consult. "Distribution of Genzers, Millennials, Genxers, and Baby Boomers in The United States in 2020, by Homeownership Plans ." Statista, Statista Inc., 28 Sep 2020, https://www.statista.com/statistics/1220465/homeownership-plans-genz-millennials-genx-baby-boomers-usa/
Morning Consult, Distribution of GenZers, Millennials, GenXers, and Baby Boomers in the United States in 2020, by homeownership plans Statista, https://www.statista.com/statistics/1220465/homeownership-plans-genz-millennials-genx-baby-boomers-usa/ (last visited May 23, 2024)
Distribution of GenZers, Millennials, GenXers, and Baby Boomers in the United States in 2020, by homeownership plans [Graph], Morning Consult, September 28, 2020. [Online]. Available: https://www.statista.com/statistics/1220465/homeownership-plans-genz-millennials-genx-baby-boomers-usa/