The millennial homebuyer

The millennial homebuyer Who rents or owns a house ? Younger generations are more likely to rent than to own a home . Only half of millennials surveyed by Finder own a home . A slightly higher proportion of Gen X are homeowners , while only about a third of Gen Z own a home . Silent ( 1928-1945 ) 4.0 % Boomers ( 1946-1964 ) 29.0 % Gen X ( 1965-1980 ) 22.0 % 75 Own Rent 65 % Other finder 38 % 50 % 58 % 81 % 53 % 44 % 39 % 19 % 9 % 6 % Share of homebuyers by generation , 2021 Millennials accounted for the largest share of home buyers . Millennials : Repeat vs. first - time homebuyers 3 % 1 % Gen Z Majority of Millennial homebuyers bought a house for the first time . 72.1 million Population of millennials in the US ( US Census Bureau , 2020 estimate ) Gen Y ( Millennials ) 36 2022 Gen X Median age of first - time homebuyer 33 2021 Homeownership rates by age range : 1982-2021 Gen Z ( 1997 onwards ) 2.0 % Millennials ( 1981-1996 ) 43.0 % Boomers Today's first - time homebuyer is older than ever before . The median age of repeat homebuyers is 59 , compared to 36 in 1980 . ន 29 1980 -65 years and over -55 to 64 years 45 to 54 years -United States 35 to 44 years Less than 35 years 4. National Association of Realtors . ( n.d. ) . 2022 PROFILE OF HOME BUYERS AND SELLERS . Retrieved December 16 , 2022 , from https://cdn.nar.realtor/sites/default/files/documents/2022-highlights-from-the-profile-of-home-buyers-and-sellers-report-11-03-2022_0.pdf 5. US Census Bureau . ( n.d. ) . Annual Homeownership Rates for the United States by Age Group : 1982-2021 . Retrieved December 11 , 2022 , from https://www.census.gov/housing/hvs/data/charts/fig07.pdf References 1. Finder . Consumer Confidence Index . Retrieved January 2023 , from https://www.finder.com/consumer-confidence-index 2. US Census Bureau . ( 2022 , December 9 ) . U.S. and World Population Clock . Retrieved December 9 , 2022 , from https://www.census.gov/popclock/ 3. National Association of Realtors . ( 2022 , March 23 ) . 2022 Home Buyers and Sellers Generational Trends Report . Retrieved December 11 , 2022 , from https://www.nar.realtor/sites/default/files/documents/2022-home-buyers-and-sellers-generational-trends-03-23-2022.pdf