Gen Z is reshaping the American dream, as they increasingly look at renting as a smarter financial option than buying a home. Starting your search? Find your new D.R. Horton home in these areas.
As Gen Z starts to make up a significant portion of the rental market, it's clear that they're not necessarily looking for the same things as their With many Gen Z-ers preferring the relative peace of the suburbs rather than the hustle and bustle of inner-city living, single. For college students and recent graduates, the idea of managing rent independently - let alone planning to buy a house - can feel daunting. We recently talked to students about their questions regarding housing, including how long to rent, the benefits of renting versus buying a home and what steps to take to prepare for buying.
Interested in personal fulfillment, Gen Z values the flexibility and reduced responsibilities central to the renting lifestyle, giving them a greater ability to pursue their passions. The Outlook As many Americans delay homeownership, Generation Z is embracing renting as a lifestyle choice and the commercial real estate industry has taken notice. High housing prices nationwide are leading many to view renting as a smarter move than purchasing a home, according to a report released Tuesday.
More than two. The New York Times asked Gen Z. "Gen Z is now the dominant force in the rental market and they are redefining what renting looks like," says Emily McDonald, Zillow's rental.
Generation Z-currently aged 15 to 29-is growing up, and the eldest are ready to rent their own home. But is there enough housing to go around? The Center for Housing Studies at Harvard. As a result, Gen Z is expected to continue driving the rental market and take over as the largest renter demographic by 2030.