Leading obstacles to homebuying for Gen Zers in the U.S. 2022

Published by Statista Research Department, Aug 2, 2023

The number one challenge preventing American Gen Zers from buying a home was their income, a survey conducted in December 2022 among 2,000 adults born between 1997 and 2003 finds. About one-quarter of the respondents shared this concern, followed by 15 percent who pointed out home prices. Conversely, the interest rates were the least of Gen Zers' concerns, with only two percent choosing this answer.

Share of Gen Z adults by main challenges in buying a home in the United States in 2022

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Source

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Release date

July 2023

Region

United States

Survey time period

December 2022

Number of respondents

2,000 respondents

Special properties

Individuals born between 1997 and 2003

Method of interview

Online survey

Supplementary notes

According to the source, Gen Z homebuyers and individuals who were experienced in the mortgage industry were excluded from the survey.

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