Reasons why Gen Zers want to continue renting in the U.S. 2021

Published by Statista Research Department, Aug 15, 2023
One of the main reasons why Gen Z adults would like to rent over buying a house according to a survey conducted among approximately 4,000 U.S. adults aged 25 and under was the freedom to move. Other reasons stated by respondents were that renting is less hassle (54 percent) and that there is no need to save for a down payment (31 percent).

Share of Gen Z adults by reasons for wanting to continue renting in the United States in 2021

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Sources

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Release date

June 2021

Region

United States

Survey time period

March 26 to April 7, 2021

Number of respondents

3,998 respondents

Method of interview

Online survey

Supplementary notes

The source adds the following information: "The results reflect a nationally representative sample of adults. Results were weighted for age, gender, region, race/ethnicity, and income where necessary to align them with their actual proportions in the population. In addition to the general population, an oversample was collected for Gen Z not yet in the housing market. The oversample was weighted to align with the original sample. There are 708 Gen Z respondents, defined as those aged 25 and under who have never bought a home and are not planning to buy in 2021, with a margin of error of plus or minus 3.1 percentage points."

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Gen Z and the housing market in the U.S.Housing market in the U.S.Rental market in the U.S.Affordable housing in the U.S.Housing for students in the U.S.
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