26% of adult Gen Zers owned a home in 2023, little changed from 2022. Meanwhile, the homeownership rate for millennials rose to 55% from 52%, and the rate for Gen X climbed to 72% from 70%.
Most Adult Gen Zers Are Tracking Ahead of Where Their Parents Were at the Same Age
While the homeownership rate for adult Gen Zers has stagnated, a majority of them are still outpacing young people of the past.
The homeownership rates for 19-to-25-year-old Gen Zers are higher than the homeownership rates were for millennials and Gen Xers when they were the same age. For example, the rate for 24-year-old Gen Zers is 27.8%, compared with 24.5% for millennials when they were 24 and 23.5% of Gen Xers when they were 24.
Cripes…