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Share of Millennial renters who view the down payment as the largest obstacle to buying a home in the United States in 2019, by ethnicity

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Source

Release date

November 2019

Region

United States

Survey time period

2019

Number of respondents

over 10,000

Age group

23-38 years

Special properties

Millennial renters

Supplementary notes

The source added: "it should be noted that there is a lot of variation in how much each group expects to need for a down payment: Asian/Pacific Islander: $53,723; White: $24,395; Hispanic: $19,697; Black: $13,119."

Citation formats

Down payment as largest obstacle to buying a home in the U.S. 2019, by ethnicity

Published by ÌÇÐÄÆƽâ°æ Research Department, Nov 25, 2019
In 2019, half of Black Millennial renters cited affording the down payment as their main financial obstacle to homeownership, whereas it was mentioned by ** percent of the White respondents.
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Topics

Millennials homeownership in the U.S.Housing market in the U.S.Apartments in the U.S.Residential construction in the U.S.Residential real estate in New York
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