Many Gen Zers are planning to own a home before 30
Gen Zers are driven to become homeowners mainly because they want to start a family or build more wealth.
The survey defined Gen Z as ages 18 to 23 and millennials as ages 24 to 40. Fifty-nine percent of Gen Z respondents said they want to own a home within the next five years and 33% said they want to buy a home, but are waiting at least six years to do so. Gen Z still has student loan debt, but it doesn't seem to be a major deterrent to homeownership. An INSIDER andsurvey found that while 55% of Gen Z respondents have student loans totaling $25,000 or less, 35% of total Gen Z respondents are currently saving to buy a home.
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