In 2019, half of Black Millennial renters cited affording the down payment as their main financial obstacle to homeownership, whereas it was mentioned by 66 percent of the White respondents.
Share of Millennial renters who view the down payment as the largest obstacle to buying a home in the United States in 2019, by ethnicity
The source added: "it should be noted that there is a lot of variation in how much each group expects to need for a down payment: Asian/Pacific Islander: $53,723; White: $24,395; Hispanic: $19,697; Black: $13,119."
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Apartment List. (November 19, 2019). Share of Millennial renters who view the down payment as the largest obstacle to buying a home in the United States in 2019, by ethnicity [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1073929/home-purchase-obstacle-down-payment-by-ethnicity-usa/
Apartment List. "Share of Millennial renters who view the down payment as the largest obstacle to buying a home in the United States in 2019, by ethnicity." Chart. November 19, 2019. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1073929/home-purchase-obstacle-down-payment-by-ethnicity-usa/
Apartment List. (2019). Share of Millennial renters who view the down payment as the largest obstacle to buying a home in the United States in 2019, by ethnicity. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1073929/home-purchase-obstacle-down-payment-by-ethnicity-usa/
Apartment List. "Share of Millennial Renters Who View The down Payment as The Largest Obstacle to Buying a Home in The United States in 2019, by Ethnicity." Statista, Statista Inc., 19 Nov 2019, https://www.statista.com/statistics/1073929/home-purchase-obstacle-down-payment-by-ethnicity-usa/
Apartment List, Share of Millennial renters who view the down payment as the largest obstacle to buying a home in the United States in 2019, by ethnicity Statista, https://www.statista.com/statistics/1073929/home-purchase-obstacle-down-payment-by-ethnicity-usa/ (last visited November 21, 2024)
Share of Millennial renters who view the down payment as the largest obstacle to buying a home in the United States in 2019, by ethnicity [Graph], Apartment List, November 19, 2019. [Online]. Available: https://www.statista.com/statistics/1073929/home-purchase-obstacle-down-payment-by-ethnicity-usa/
