With affordability challenges greater in large metropolitan areas, millennials are turning to rural, more affordable areas for homebuying – and even in these less pricy markets, brokers see Millennial buyers as more cautious and well-informed.
Apartment List issued its 2025 millennial homeownership report on May 20. The study focuses on adults aged 29-44 and notes that millennials are the third consecutive generation to purchase homes more slowly than the preceding generation.
By the age of 30, just 33% of millennials were homeowners, compared to 42% of Generation X, 48% of Baby Boomers, and 55% of the Silents…