In 2022, three in four millennials who had given up on homeownership said that they would most probably always rent because they think they cannot afford to buy a home. Approximately one 26 percent of millennials did not plan to become a homeowner because of the flexibility associated with renting. In the past years, the share of millennials that expect to always rent has been increasing.
Main reasons why millennials who expect to always rent for giving up of homeownership in the United States from 2018 to 2022
Characteristic
2018
2022
I cannot afford to buy a home
69%
74%
I prefer to avoid home maintenance and other added costs
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Apartment List. (April 18, 2023). Main reasons why millennials who expect to always rent for giving up of homeownership in the United States from 2018 to 2022 [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/784988/homeownership-obstacles-of-millennials-usa/
Apartment List. "Main reasons why millennials who expect to always rent for giving up of homeownership in the United States from 2018 to 2022." Chart. April 18, 2023. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/784988/homeownership-obstacles-of-millennials-usa/
Apartment List. (2023). Main reasons why millennials who expect to always rent for giving up of homeownership in the United States from 2018 to 2022. Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/784988/homeownership-obstacles-of-millennials-usa/
Apartment List. "Main Reasons Why Millennials Who Expect to Always Rent for Giving up of Homeownership in The United States from 2018 to 2022." Statista, Statista Inc., 18 Apr 2023, https://www.statista.com/statistics/784988/homeownership-obstacles-of-millennials-usa/
Apartment List, Main reasons why millennials who expect to always rent for giving up of homeownership in the United States from 2018 to 2022 Statista, https://www.statista.com/statistics/784988/homeownership-obstacles-of-millennials-usa/ (last visited December 21, 2024)
Main reasons why millennials who expect to always rent for giving up of homeownership in the United States from 2018 to 2022 [Graph], Apartment List, April 18, 2023. [Online]. Available: https://www.statista.com/statistics/784988/homeownership-obstacles-of-millennials-usa/
