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Title: More Millennials Now Own Their Own Home Than Rent One, Leaving Gen Z the Only Group Where Most Still Have a Landlord
Citation Type: Miscellaneous
Publication Year: 2023
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Abstract: More millennials now own their own home than rent one, leaving Gen Z the only group where most have a landlord, according to RentCafe data. Millennials – also known as Gen Y – were born between 1981 and 1996. They come after Gen X and before Gen Z, or those born between 1996 and 2012. According to RentCafe, which analyzed data from IPUMS of the 110 largest metropolitan areas in the US, the number of millennial homeowners rose to 18.2 million in the past decade. Just over half the cohort, or 51.5%, now own a property, although 17.2 million still rent.
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Authors: Tabahriti, Sam
Publisher: Business Insider
Data Collections: IPUMS USA
Topics: Housing and Segregation, Poverty and Welfare
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