Future homeownership plans of Millennials U.S. 2020

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In a September 2020 survey among adults in the United States, there were more people of color (POC)Millennials that were currently saving up to buy a house (37 percent) than that there were White Non-Hispanic Millennials (29 percent).

In the United States, the 2020 homeownership rate reached 65.8 percent.

Distribution of Millennials in the United States in 2020, by homeownership plans and ethnicity

Characteristic	I am currently saving to purchase a home	I am not currently saving to purchase a home	I expect to inherent a home in the future	I don't expect or plan to ever own a home	Don't know / no opinion
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Release date

September 2020

More information

Region

United States

Survey time period

September 2020

Number of respondents

4,400 respondents

Age group

Adults

Method of interview

Online survey

Supplementary notes

Data were weighted to approximate a target sample of adults based on age, race/ethnicity, gender, educational attainment, and region. Results from the full survey have a margin of error of plus or minus 1 percentage points.

The original survey question was formulated as: "Do you expect to own a home in the future?"

This survey question had 368 White Non-Hispanic respondents, and 369 POC respondents.

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