Housing demand in the United States will continue to benefit from demographic trends, according to a RealPage analysis incorporating several layers of data.

RealPage started with the US Census Bureau's tracking of people per age combined with the Pew Research Center's banding of generations. This includes the Silent Generation (1928-1945), Baby Boomers (1946-1964), Generation X (1964-1980), Millennials (1981-1996), Generation Z (1997-2012) and Generation Alpha (2013+). Baby Boomers encompassed 78 million people at the generation's peak, which is 13.5 million more than Gen X. Millennials peaked at 73 million, which is about five million more than Gen Z.

RealPage also used National Association of Realtors statistics about the age of apartment renters and first-time home buyers in the US to create its analysis. The median age of apartment renters is 32 years old, according to NAR. The median age of first-time homebuyers is 35.