Report: Just 17% of Gen Z Americans Own Homes

Report: Just 17% of Gen Z Americans Own Homes

A recent report highlights a significant shift in the housing market, with only 17% of Gen Z Americans owning homes. This trend is largely driven by a surge in young renters, with the number of Gen Z renters growing from 700,000 to 4.4 million in the last five years. In contrast, millennials became majority-homeowners in 2022, indicating a changing landscape in home ownership and rental preferences among younger generations.