Manya Rathore
Research expert covering India
Generation Z and the housing market in the U.S. - statistics & facts
People born after 2000 have entered their twenties and are facing some of life’s big questions: starting a family, buying a home, and gaining financial stability. While more than half of the older representatives of Generation Z still live with their parents, a considerable share has already moved out to live alone, with a partner or a roommate. In 2020, Gen Zers accounted for approximately 22 percent of rent applicants in the United States. Moreover, they are increasingly entering the housing market: in less than two years, the share of Gen Z adults who are planning to buy a house rose substantially and in the second quarter of 2021, it reached 21 percent, which was higher than the national average.
