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Published by Statista Research Department, Apr 15, 2024
The homeownership rate was the highest among Americans in their early 70s and the lowest among people in their early 20s in 2023. In that year, approximately 81 percent of individuals aged 70 to 75 resided in a residence they owned, compared to approximately 23.6 percent among individuals under the age of 25. On average, 65.9 percent of Americans lived in an owner-occupied home. The homeownership rate was the highest in 2004 but has since declined.
Homeownership rate in the United States in 2023, by age
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Source
Release date
April 2024
More information
Region
United States
Survey time period
2023
Citation formats
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Statistics on " Millennials homeownership in the United States "
The most important statistics
- U.S. population estimates by generation 2010-2022
- Homeownership rate in the U.S. 2012-2023
- Homeownership rate in the U.S. 2023, by age
- Living arrangements of 25-34-year olds in the U.S. 2023, by gender
- Living arrangements of 35-64-year olds in the U.S. 2023, by gender
- Monthly homebuyer sentiment in the U.S. 2011-2023, by age group
- Leading metros for millennial homebuyers in the United States in 2022
The most important statistics
- First-time home buyers in the U.S. 2023, by age group
- Share of millennials expecting to rent in the future in the U.S. 2018-2022
- Reasons for millennials to choose renting over buying a home U.S. 2018-2022
- Conditions influencing neighborhood choice for home purchase U.S. 2023, by age
- Marital status of home buyers in the U.S. 2023, by age group
- Size of purchased homes in the U.S. 2023, by age group
- Share of people who will buy a home upon next move in the U.S. 2011-2023 by age group
The most important statistics
- Median income of home buyers in the U.S. 2023, by generation
- Major obstacles to saving for a down payment among American homebuyers 2023, by age
- Millennial homebuyers: amount saved for down payment in the U.S. 2022
- Homeowners behind on mortgage payments in the U.S. 2022-2023, by age
- House purchase compared to asking price in the U.S. 2023, by age group
- Perceived ease of getting a mortgage in the U.S. 2011-2023, by age group
- Homebuyers' opinion on mortgage rates in next 12 months U.S. 2011-2023, by age group
The most important statistics
- Most difficult steps of the homebuying process in the U.S. 2023, by age group
- House purchase channels in the U.S. 2023, by age group
- Information sources used when looking for a home to purchase in the U.S. 2023, by age
- Frequency of internet use for home searching in the U.S. 2022, by age group
- Expectations of house buyers from real estate agents in the U.S. 2023, by age group
- Actions taken as a result of internet home search in the U.S. 2022, by age group
- Most important environmental home features according to U.S. buyers 2023, by age
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
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- Premium Statistic First-time home buyers in the U.S. 2023, 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. 2023, by age
- Premium Statistic Marital status of home buyers in the U.S. 2023, by age group
- Premium Statistic Size of purchased homes in the U.S. 2023, 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. 2023, by generation
- Premium Statistic Major obstacles to saving for a down payment among American homebuyers 2023, 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. 2023, 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. 2023, by age group
- Premium Statistic House purchase channels in the U.S. 2023, by age group
- Premium Statistic Information sources used when looking for a home to purchase in the U.S. 2023, 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. 2023, 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 2023, by age
Renovations
4
- Basic Statistic Home renovators in the U.S. 2023, by generation
- Basic Statistic Median home renovation spend in the U.S. 2023, by generation
- Basic Statistic Home renovation funding sources in the U.S. 2023, by generation
- Basic Statistic Frequency of different home renovation projects in the U.S. 2022, by generation
Further related statistics
18
- Premium Statistic Homeownership rate in the U.S. 2010-2018, by family status
- Premium Statistic Paraguay: number of housing units in Asunción 2016, by ownership
- Premium Statistic Age of first property purchase in Italy 2018
- Premium Statistic Opinion on housing market and affordability in Italy 2018
- Premium Statistic UK housing market: purchases of homes in London by type of buyer in 2013
- Premium Statistic London housing market: home owners in numbers (UK) in 2013, by type of purchase
- Premium Statistic Years needed to save for five percent down payment in selected U.S. markets 2018
- Premium Statistic Share of adults that own their home outright in the United Kingdom (UK) 2020, by age
- Premium Statistic U.S. housing: Case Shiller Charlotte Home Price Index 2017-2023
- Premium Statistic U.S. housing: Case Shiller Phoenix Home Price Index 2017-2023
- Premium Statistic Home purchase prices in the U.S. 2021, by age group
- Premium Statistic U.S. housing: Case Shiller Cleveland Home Price Index 2017-2023
- Premium Statistic U.S. housing: Case Shiller Portland Home Price Index 2017-2023
- Premium Statistic House purchase compared to asking price in the U.S. 2023
- Premium Statistic U.S. housing: Case Shiller Dallas Home Price Index 2017-2023
- Premium Statistic Share of homes Gyeongnam South Korea 2021, by type
- Premium Statistic Household that live in self-owned houses Indonesia 2021-2022, by province
- Premium Statistic Rental volume for landed and non-landed homes Singapore 2009-2019
Further Content: You might find this interesting as well
Statistics
- Homeownership rate in the U.S. 2010-2018, by family status
- Paraguay: number of housing units in Asunción 2016, by ownership
- Age of first property purchase in Italy 2018
- Opinion on housing market and affordability in Italy 2018
- UK housing market: purchases of homes in London by type of buyer in 2013
- London housing market: home owners in numbers (UK) in 2013, by type of purchase
- Years needed to save for five percent down payment in selected U.S. markets 2018
- Share of adults that own their home outright in the United Kingdom (UK) 2020, by age
- U.S. housing: Case Shiller Charlotte Home Price Index 2017-2023
- U.S. housing: Case Shiller Phoenix Home Price Index 2017-2023
- Home purchase prices in the U.S. 2021, by age group
- U.S. housing: Case Shiller Cleveland Home Price Index 2017-2023
- U.S. housing: Case Shiller Portland Home Price Index 2017-2023
- House purchase compared to asking price in the U.S. 2023
- U.S. housing: Case Shiller Dallas Home Price Index 2017-2023
- Share of homes Gyeongnam South Korea 2021, by type
- Household that live in self-owned houses Indonesia 2021-2022, by province
- Rental volume for landed and non-landed homes Singapore 2009-2019
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