Congrats to millennials! Slightly more than half, or 51.5%, of those born between 1981 and 1996 now possess the keys to their kingdom or at least their own home, according to the latest Census Bureau data reported in Apartment List's 2023 Millennial Homeownership Report.
But for many it took a long time to achieve that goal; certainly longer than their parents. The longer time span continues a trend of the last three generations, all of whom bought homes slower than the generation that preceded them.
In fact, millennials made the slowest transition from being renters to homeowners. By age 30, 42% of millennials owned homes, compared to 48% of gen Xers, 31% of baby boomers and nearly 60% of the silents or silent generation.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
