Young buyers in any generation have a hard time buying homes because they tend to earn less, and have less in savings or existing equity than older buyers. But Gen Z—the population of Americans born between 1997 and 2012—faces even…
Z—the population of Americans born between 1997 and 2012—faces even greater challenges: student debt, increasing rents, and unprecedented growth in home prices have put homeownership further out of reach. Market conditions have the largest impact on where Gen Z is able to buy homes, with more affordable locations being more likely to have higher numbers of young homeowners.
other major life milestones like marriage and childrearing, but there appears to be some evidence that places where people get married younger also have more young people who own homes. States where the typical age for a first marriage is older have some of the lowest rates of Gen Z homeownership, while states where marriage happens earlier have higher rates.
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