When asked when they expect to buy a home, the majority of prospective millennial home buyers responded responded that they plan to buy a home in more than one year. Only 12 percent of the millennials surveyed in 2022 were planning a purchase within the next year.
When do millennials expect to buy a home?
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Other statistics that may interest you Millennials homeownership in the United States
Overview
7
- Premium Statistic U.S. population estimates by generation 2010-2022
- Premium Statistic Homeownership rate in the U.S. 2012-2023
- Premium Statistic Homeownership rate in the U.S. 2023, by age
- Premium Statistic Living arrangements of 25-34-year olds in the U.S. 2023, by gender
- Premium Statistic Living arrangements of 35-64-year olds in the U.S. 2023, by gender
- Premium Statistic Monthly homebuyer sentiment in the U.S. 2011-2023, by age group
- Premium Statistic Leading metros for millennial homebuyers in the United States in 2022
Homeownership plans
7
- Premium Statistic First-time home buyers in the U.S. 2022, by age group
- Premium Statistic Share of millennials expecting to rent in the future in the U.S. 2018-2022
- Basic Statistic Reasons for millennials to choose renting over buying a home U.S. 2018-2022
- Premium Statistic Conditions influencing neighborhood choice for home purchase U.S. 2022, by age
- Premium Statistic Marital status of home buyers in the U.S. 2022, by age group
- Premium Statistic Size of purchased homes in the U.S. 2022, by age group
- Premium Statistic Share of people who will buy a home upon next move in the U.S. 2011-2023 by age group
Home financing
7
- Premium Statistic Median income of home buyers in the U.S. 2022, by generation
- Premium Statistic Major obstacles to saving for a down payment among American homebuyers 2022, by age
- Premium Statistic Millennial homebuyers: amount saved for down payment in the U.S. 2022
- Premium Statistic Homeowners behind on mortgage payments in the U.S. 2022-2023, by age
- Premium Statistic House purchase compared to asking price in the U.S. 2022, by age group
- Premium Statistic Perceived ease of getting a mortgage in the U.S. 2011-2023, by age group
- Premium Statistic Homebuyers' opinion on mortgage rates in next 12 months U.S. 2011-2023, by age group
Home buying process
7
- Premium Statistic Most difficult steps of the homebuying process in the U.S. 2022, by age group
- Premium Statistic House purchase channels in the U.S. 2022, by age group
- Premium Statistic Information sources used when looking for a home to purchase in the U.S. 2022, by age
- Premium Statistic Frequency of internet use for home searching in the U.S. 2022, by age group
- Premium Statistic Expectations of house buyers from real estate agents in the U.S. 2022, by age group
- Premium Statistic Actions taken as a result of internet home search in the U.S. 2022, by age group
- Premium Statistic Most important environmental home features according to U.S. buyers 2022, by age
Renovations
4
- Basic Statistic Home renovators in the U.S. 2022, by generation
- Basic Statistic Median home renovation spend in the U.S. 2022, by generation
- Basic Statistic Home renovation funding sources in the U.S. 2022, by generation
- Basic Statistic Frequency of different home renovation projects in the U.S. 2022, by generation
Further related statistics
19
- Millennial homeownership rate in the U.S. 2016 and 2025, by ethnicity
- U.S. Millennials perceiving homeownership as personal American dream 2010-2018
- Millennials who can save enough for a 10% down payment U.S. 2017 by timespan
- Homeownership plans of Millennials in the U.S. 2014-2016
- Most popular expensive home features for Millennials U.S. 2016
- Future housing plans of older Millennial renters in the U.S. 2016-2019
- Most popular home location features for Millennials U.S. 2016
- Future housing plans of younger Millennial renters in the U.S. 2016-2019
- Most popular property features for Millennials U.S. 2016
- Life goals of millennials in the United Kingdom in 2019
- Share of Millennial expecting to rent in the future in selected U.S. metros 2019
- Gen Z homeownership rate in the U.S. 2016 and 2025, by ethnicity
- Share of Americans who associate homeownership with the American dream 2016, by age
- Home ownership as share of the population in the Netherlands 2006-2012
- Millennials who delayed home buying due to student debt U.S. 2017, by income
- Stress and financial wellness benefits among Gen Z & Millennials global 2020
- Leading travel destinations among affluent Millennials in Vietnam 2019
- Urban consumption in China 2011-2021, by age group
- Millennial's purpose to own an investment product Indonesia 2018
Further Content: You might find this interesting as well
Statistics
- Millennial homeownership rate in the U.S. 2016 and 2025, by ethnicity
- U.S. Millennials perceiving homeownership as personal American dream 2010-2018
- Millennials who can save enough for a 10% down payment U.S. 2017 by timespan
- Homeownership plans of Millennials in the U.S. 2014-2016
- Most popular expensive home features for Millennials U.S. 2016
- Future housing plans of older Millennial renters in the U.S. 2016-2019
- Most popular home location features for Millennials U.S. 2016
- Future housing plans of younger Millennial renters in the U.S. 2016-2019
- Most popular property features for Millennials U.S. 2016
- Life goals of millennials in the United Kingdom in 2019
- Share of Millennial expecting to rent in the future in selected U.S. metros 2019
- Gen Z homeownership rate in the U.S. 2016 and 2025, by ethnicity
- Share of Americans who associate homeownership with the American dream 2016, by age
- Home ownership as share of the population in the Netherlands 2006-2012
- Millennials who delayed home buying due to student debt U.S. 2017, by income
- Stress and financial wellness benefits among Gen Z & Millennials global 2020
- Leading travel destinations among affluent Millennials in Vietnam 2019
- Urban consumption in China 2011-2021, by age group
- Millennial's purpose to own an investment product Indonesia 2018
Apartment List. (April 21, 2022). When do millennials expect to buy a home? [Graph]. In Statista. Retrieved April 25, 2024, from https://www.statista.com/statistics/654103/expected-timeline-for-buying-a-home-according-to-millenials/
Apartment List. "When do millennials expect to buy a home?." Chart. April 21, 2022. Statista. Accessed April 25, 2024. https://www.statista.com/statistics/654103/expected-timeline-for-buying-a-home-according-to-millenials/
Apartment List. (2022). When do millennials expect to buy a home?. Statista. Statista Inc.. Accessed: April 25, 2024. https://www.statista.com/statistics/654103/expected-timeline-for-buying-a-home-according-to-millenials/
Apartment List. "When Do Millennials Expect to Buy a Home?." Statista, Statista Inc., 21 Apr 2022, https://www.statista.com/statistics/654103/expected-timeline-for-buying-a-home-according-to-millenials/
Apartment List, When do millennials expect to buy a home? Statista, https://www.statista.com/statistics/654103/expected-timeline-for-buying-a-home-according-to-millenials/ (last visited April 25, 2024)
When do millennials expect to buy a home? [Graph], Apartment List, April 21, 2022. [Online]. Available: https://www.statista.com/statistics/654103/expected-timeline-for-buying-a-home-according-to-millenials/