{"id":32541,"date":"2018-09-04T16:40:03","date_gmt":"2018-09-04T13:40:03","guid":{"rendered":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/?p=32541"},"modified":"2025-04-10T14:18:49","modified_gmt":"2025-04-10T11:18:49","slug":"more-optimistic-than-millennials-gen-z-is-here-to-revolutionize-the-housing-market","status":"publish","type":"post","link":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2018\/09\/04\/more-optimistic-than-millennials-gen-z-is-here-to-revolutionize-the-housing-market\/","title":{"rendered":"More Optimistic Than Millennials, Gen Z Is Here to Revolutionize the Housing Market"},"content":{"rendered":"\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"New_kids_on_the_block_prize_homeownership_aspire_for_larger_homes_and_more_amenities\"><\/span><em>New kids on the block prize homeownership, aspire for larger homes and more amenities<\/em><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p><em>To better understand the difference in attitude between Gen Z, Millennials and Gen X towards homeownership, intergenerational living and saving for a down payment, PropertyShark conducted a generational survey on their preferences.<\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Key takeaways<\/strong><strong>:<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Gen Z has its eye on homeownership, with 83% planning on buying a home within the next 5 years<\/strong><\/li>\n\n\n\n<li><strong>College debt is the #1 obstacle towards homeownership for Millennials and Gen Z<\/strong><\/li>\n\n\n\n<li><strong>Gen X chooses intergenerational living to care for relatives more often than any other generation<\/strong><\/li>\n\n\n\n<li><strong>Gen Z is willing to compromise on almost anything to keep costs down \u2013 but dreams of lots of space and amenities<\/strong><\/li>\n\n\n\n<li><strong>Gen Z to pose serious competition to Millennials on the real estate market<\/strong><\/li>\n\n\n\n<li><strong>Millennials are more realistic about their means, and the most pessimistic about the prospect of homeownership<\/strong><\/li>\n<\/ul>\n\n\n\n<p>Like other economic sectors, the real estate market changes with the emergence of each new generation. Born after 1995, Generation Z may be similar to their Millennial siblings in terms of preferences for large urban centers, communal amenities, social media and smart appliances, but when it comes to housing, major discrepancies appear. Raised by the cynical Gen X in a connected world with significant social, political, economic and environmental challenges, the first fully digital generation in history sees homeownership as a long-term investment and safety measure.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2018\/09\/Housing-survey-visual_3.png\"><img loading=\"lazy\" decoding=\"async\" width=\"999\" height=\"364\" src=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2018\/09\/Housing-survey-visual_3.png\" alt=\"Infographic showing how many sqft different generations can afford.\" class=\"wp-image-32566\" srcset=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2018\/09\/Housing-survey-visual_3.png 999w, https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2018\/09\/Housing-survey-visual_3.png?resize=300,109 300w, https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2018\/09\/Housing-survey-visual_3.png?resize=768,280 768w\" sizes=\"auto, (max-width: 999px) 100vw, 999px\" \/><\/a><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"College_debt_remains_the_1_obstacle_for_Gen_Z\"><\/span><strong>College debt remains the #1 obstacle for Gen Z&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Millennials may be the largest category of homebuyers right now, but half of the Americans born between 1980 and 1995 still rent \u2013 just as many as their younger Gen Z peers. Burdened with the highest levels of student debt in history, Millennials who aspire to own their own place have been locked into the rental market far longer than previous generations.<\/p>\n\n\n\n<p>This in turn has been pushing rental rates to the highest they\u2019ve ever been \u2013 a boon for multifamily investors, but that rent burden coupled with college debt continues to keep many Millennials from saving enough for a down payment.&nbsp; In fact, 70% of Millennial respondents name one of these two reasons as the main roadblock towards saving for a down payment. An additional 16% consider credit scores the top reason.<\/p>\n\n\n\n<p>Similarly, a third of Gen Z \u2013 many of whom have yet to graduate from high school \u2013 also see <a href=\"https:\/\/freedomsprout.com\/childrens-college-guide\/\" target=\"_blank\" rel=\"noreferrer noopener\">college debt<\/a> as a major barrier towards homeownership, with nearly one third worrying about saving enough for a down payment. Coming of age in a relatively healthy housing market, only a few Gen Zers consider increasing home prices as the top hurdle towards homeownership (4%), while a third view credit scores, economic factors or job insecurity as the main barrier.<\/p>\n\n\n\n<p>By comparison, 21% of Gen Xers see credit scores as the biggest hurdle towards homeownership, and a third named rising home prices and the economy the #1 roadblock. Student debt is a deciding factor for only 7% of Gen X respondents. It\u2019s also notable that worries about keeping up with <a href=\"https:\/\/www.propertyshark.com\/info\/property-taxes-by-state\/#high-proptaxes\" target=\"_blank\" rel=\"noreferrer noopener\">high property tax costs<\/a>, especially in pricey states like New York, did not make the list of major concerns for either generation.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2018\/09\/Housing-survey-visual_4.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"476\" src=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2018\/09\/Housing-survey-visual_4.png\" alt=\"Infographic showing percentages of biggest obstacle to buying a home by generation.\" class=\"wp-image-32567\" srcset=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2018\/09\/Housing-survey-visual_4.png 1000w, https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2018\/09\/Housing-survey-visual_4.png?resize=300,143 300w, https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2018\/09\/Housing-survey-visual_4.png?resize=768,366 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Gen_Z_to_become_serious_housing_market_competition_for_Millennials\"><\/span><strong>Gen Z to become serious housing market competition for Millennials<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Whatever they may see as the most significant hurdle towards homeownership, more than 80% of respondents from all three generations expect to buy a home in the next 5 years. Part of more established family units and with stabilized careers, Gen Xers are the least likely to buy homes in the near future, while Millennials are the most likely \u2013 87% of Millennial respondents expect to enter homeownership within 5 years.<\/p>\n\n\n\n<p>Considering that the oldest of Gen Z are barely 23, it is noteworthy that a whopping 83% see themselves entering the real estate market within 5 years. Of course, the high numbers of the Instagram Generation who see themselves becoming homeowners in the near future may be attributed to youthful optimism and lack of knowledge, but that\u2019s not necessarily the case. Currently, <a href=\"https:\/\/www.propertyshark.com\/info\/us-homeownership-rates-by-state-and-city\/\" target=\"_blank\" rel=\"noreferrer noopener\">the homeownership rate of Gen Z<\/a> stands at about 100,000 individual households led by this cohort. And, of these, only 1.2% are more than 60 days late on their mortgage payments according to <a href=\"https:\/\/www.marketwatch.com\/story\/nearly-100000-members-of-generation-z-own-a-home-theyre-23-and-younger-2018-03-08\" target=\"_blank\" rel=\"noreferrer noopener\">MarketWatch<\/a>. That\u2019s less than the 1.6% of Boomers and Millennials who are late with their payments and the 2.3% of Gen X mortgage holders who are running behind.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Millennials_have_the_least_positive_outlook_on_homeownership\"><\/span><strong>Millennials have the least positive outlook on homeownership<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Even though the same number of Millennial and Gen Z respondents expect to pay more than $50,000 for a down payment \u2013 about a third of both generations \u2013 it\u2019s Millennials who are most pessimistic when it comes to home ownership. On average, Millennials expect they\u2019ll need $41,0000 for a down payment, about 10% more than Gen Z.<\/p>\n\n\n\n<p>Despite this, about 40% of all respondents have less than $10,000 saved, while nearly 1 in 5 Gen Z and Gen X consumers have nothing saved. The same holds true for 15% of Gen Y. At the same time, 16% of Millennials expect they\u2019ll need to save for between 5 and 10 years to afford a down payment, and only 11% of Gen Z expects the same time.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2018\/09\/Housing-survey-visual_1.png\"><img loading=\"lazy\" decoding=\"async\" width=\"999\" height=\"364\" src=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2018\/09\/Housing-survey-visual_1.png\" alt=\"Infographic showing expected house down payment by generation.\" class=\"wp-image-32564\" srcset=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2018\/09\/Housing-survey-visual_1.png 999w, https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2018\/09\/Housing-survey-visual_1.png?resize=300,109 300w, https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2018\/09\/Housing-survey-visual_1.png?resize=768,280 768w\" sizes=\"auto, (max-width: 999px) 100vw, 999px\" \/><\/a><\/figure>\n\n\n\n<p>Millennials\u2019 jaded attitude is also evident in their expectations of home size. Gen Y is the most realistic generation when it comes to square footage versus pocket size \u2013 they dream of homes 1,884 square feet in size, but report being able to afford 1,071 square feet less. For Gen X, the discrepancy between what they want and what they can afford grows to 1,142 square feet. While Gen Z can afford just a little bit less than Millennials \u2013 803 versus 812 square feet \u2013 they\u2019re dreaming of homes 1,278 square feet larger.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Gen_Zs_aspirational_lifestyle_spurs_amenities_arms_race\"><\/span><strong>Gen Z\u2019s aspirational lifestyle spurs amenities arms race<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Millennials may have popularized tiny homes and micro apartments, but Gen Z is dreaming big. The Instagram Generation hopes for homes 2,081 square feet in size on average, 200 square feet larger than their Millennial counterparts. Furthermore, space takes center stage for those born between 1995 and 2010.<\/p>\n\n\n\n<p>When asked what they would be willing to compromise on when buying a home, space was the least likely aspect for Gen Z respondents to give up. This is understandable, considering that the overwhelming majority of this generation grew up in larger homes than any before, with many never having shared a bedroom. Furthermore, those that have moved from the parental home into rentals are mostly forced to share living space with roommates and want a return to more space and privacy.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2018\/09\/Housing-survey-visual_2.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"787\" src=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2018\/09\/Housing-survey-visual_2.png\" alt=\"Infographic showing deciding factors, aside from price, when buying a home, by generation.\" class=\"wp-image-32565\" srcset=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2018\/09\/Housing-survey-visual_2.png 1000w, https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2018\/09\/Housing-survey-visual_2.png?resize=300,236 300w, https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2018\/09\/Housing-survey-visual_2.png?resize=768,604 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><\/figure>\n\n\n\n<p>While Millennials prize location above anything else \u2013 still keen on living the 24\/7 lifestyle \u2013, Gen Z would sacrifice location and an easy commute for space and amenities. For Gen Z, nearby entertainment options rank significantly higher than living close to friends or convenient access to green spaces. Then again, they are the first fully digital generation in history, used to the instant gratification of the online world, growing up mostly indoors and used to communicating with friends via devices as much, if not more, than through face-to-face contact.<\/p>\n\n\n\n<p>This digital fluency also means that Gen Z prizes smart appliances and smart homes just as much as Gen Y. Considering the youth of Gen Z, the importance of smart systems is likely to increase as more of their cohort enters the housing market.<\/p>\n\n\n\n<p>Although very aware of climate challenges, Gen Z still prizes parking space far more than energy efficiency in a home, quite the opposite of Millennials. In fact, even Gen X prizes energy efficiency more than Gen Z. Another significant shift in attitudes towards housing is evident in the diminished importance Gen Z gives to home offices.<\/p>\n\n\n\n<p>While professionally established Gen X and start-up savvy Millennials consider home offices fairly desirable, Gen Z would rather have a home gym instead. After all, this is the first generation to grow up in the public eye, and effects of heavily curated social media presences, especially on visual-centric mediums like Instagram, have increased the importance of personal appearance and body consciousness.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Gen_Zs_affinity_for_large_metros_is_bad_news_for_small-town_America\"><\/span><strong>Gen Z\u2019s affinity for large metros is bad news for small-town America<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The arrival of Millennials into the housing market ushered in a renaissance of urban living, and while starting families or more affordable prices have brought many back to suburban living, 40% of Gen Y remains set on city life \u2013 the highest percentage of any generation.<\/p>\n\n\n\n<p>Gen Z however has an affinity for suburbia, with nearly 60% preferring it, followed by urban living with 30%. Paired with Millennials\u2019 shunning of rural and small-town life, all signs point to the continued urbanization, while rural and small-town communities continue to thin out and vanish. By comparison, a quarter of Gen X respondents named rural living as their #1 choice.<\/p>\n\n\n\n<p>Similar to Millennials, <a href=\"https:\/\/www.propertyshark.com\/recently-sold-homes\/ny\/new-york-city\" target=\"_blank\" rel=\"noreferrer noopener\">New York City<\/a> remains a top destination for Gen Z, but <a href=\"https:\/\/www.propertyshark.com\/recently-sold-homes\/ca\/los-angeles-county\/los-angeles\" target=\"_blank\" rel=\"noreferrer noopener\">Los Angeles<\/a> becomes even more attractive, as does California overall. By comparison, L.A. does not appear among Gen X homebuyers\u2019 top 10 choices.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2018\/09\/Housing-survey-visual_7_map.png\"><img loading=\"lazy\" decoding=\"async\" width=\"999\" height=\"596\" src=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2018\/09\/Housing-survey-visual_7_map.png\" alt=\"Map of dream destinations to buy a home in by generation.\" class=\"wp-image-32570\" srcset=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2018\/09\/Housing-survey-visual_7_map.png 999w, https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2018\/09\/Housing-survey-visual_7_map.png?resize=300,179 300w, https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2018\/09\/Housing-survey-visual_7_map.png?resize=768,458 768w\" sizes=\"auto, (max-width: 999px) 100vw, 999px\" \/><\/a><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_Gen_Z_Homeowner_Loves_DIY_and_Challenges\"><\/span><strong>The Gen Z Homeowner Loves DIY and Challenges<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Gen Z\u2019s commitment to homeownership shows the most <a href=\"https:\/\/www.hfflp.com\/blog\/2017\/may\/generation-z-the-new-renters.html\" target=\"_blank\" rel=\"noopener\">similarities<\/a> with an unexpected pre-cursor: their great-grandparents, The Silent Generation. Like their great-grandparents, born during the Great Depression and World War II, Gen Z was born in times of economic and political turmoil in the form of the Great Recession and the post 9\/11 conflicts. As such, the economic stability and the security offered by a home are appreciated more by these generations \u2013 although Gen Z wants its real estate investment loaded with amenities.<\/p>\n\n\n\n<p>However, Gen Z will sacrifice space for amenities, if necessary. Moreover, Gen Z is prepared to cut back on amenities too, if it means reduced housing costs, most likely because of the hardships observed among older siblings or even parents during the recession years. This <a href=\"https:\/\/www.propertyshark.com\/info\/all-about-co-op-units\/\" target=\"_blank\" rel=\"noreferrer noopener\">would make co-ops an attractive option<\/a> for them, especially in NYC, their second-most popular destination to move to. This financially savvy generation is more willing to take on fixer-uppers as well, viewing the home-buying process as a learning experience at this age.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2018\/09\/Housing-survey-visual_5.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"376\" src=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2018\/09\/Housing-survey-visual_5.png\" alt=\"Infographic showing time spent saving for the down payment by generation.\" class=\"wp-image-32568\" srcset=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2018\/09\/Housing-survey-visual_5.png 1000w, https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2018\/09\/Housing-survey-visual_5.png?resize=300,113 300w, https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2018\/09\/Housing-survey-visual_5.png?resize=768,289 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><\/figure>\n\n\n\n<p>In fact, nearly half of our youngest respondents paid less than $10,000 as a down payment, compared to 31% of Millennials and 28% of Gen X. An additional 41% of Gen Z spent between $10,000 and $50,000, with only 12% investing more than $50,0000 on a down payment.&nbsp; It is also noteworthy that a whopping 93% of Gen Z buyers saved for less than 5 years for their down payments. The cheaper homes Gen Z gravitates to is one explanation for the speed with which Gen Z buyers managed to save, while help from parents is another.<\/p>\n\n\n\n<p>With the eldest Gen Zers at 23, buying a home at this age is a decision likely to be supported and subsidized by parents. Additionally, Gen Z views homeownership as the most important part of the American dream, with <a href=\"https:\/\/www.dashmortgage.com\/blog\/move-over-millenials-gen-z-set-to-overtake-the-housing-market\/\" target=\"_blank\" rel=\"noopener\">more than three quarters<\/a> ready to sacrifice running their own business in favor of owning their own home.<\/p>\n\n\n\n<p>Comparatively, only 68% of Millennials have saved for a down payment for less than 5 years, and about a quarter have saved for between 5 and 10 years. Less than 10% of Millennials and 1 in 5 Gen X buyers have saved for more than a decade for their down payment. Possessing more accrued wealth due to their age, 20% of Gen X buyers have also put down more than $50,000, while only 15% of cash-strapped Millennials managed the same amount.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Living_at_home_is_all_about_practicality_for_Gen_Z\"><\/span><strong>Living at home is all about practicality for Gen Z<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>While the stereotype of the adult Millennial child living with their parents may still be prevalent in public discourse, few of this generation actually still do. Of those that are cohabitating, 44% are doing so because they can\u2019t afford to rent on their own, and a third are saving up before leaving the parental home. Unfortunately for Millennials, close to a quarter have nothing put aside for this purpose, while another quarter have less than $1,000 saved for moving out.<\/p>\n\n\n\n<p>Comparatively, only a third of Gen Z respondents living with parents do so because they can\u2019t afford to rent on their own, while 40% of this group choose to live at home to save up. In fact, nearly 15% of Gen Z who lives at home could afford to move out, but finds it easier to live with family. Overall though, few Gen Zers or Millennials live with family members to help care for them, while 1 in 5 Gen X respondents who live with their parents say they do so for this reason.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2018\/09\/Housing-survey-visual_6.png\"><img loading=\"lazy\" decoding=\"async\" width=\"999\" height=\"413\" src=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2018\/09\/Housing-survey-visual_6.png\" alt=\"Infographic showing top reasons for intergenerational living by generation.\" class=\"wp-image-32569\" srcset=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2018\/09\/Housing-survey-visual_6.png 999w, https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2018\/09\/Housing-survey-visual_6.png?resize=300,124 300w, https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2018\/09\/Housing-survey-visual_6.png?resize=768,318 768w\" sizes=\"auto, (max-width: 999px) 100vw, 999px\" \/><\/a><\/figure>\n\n\n\n<p><strong>Methodology:<\/strong><\/p>\n\n\n\n<p><em>For this study, we surveyed 2,134 U.S. renters, owners and people living with family via Amazon\u2019s Mechanical Turk. The respondents were asked individual questions about savings, home ownership, amenity and community preferences, as well as some demographic data such as employment and marital status. Our survey sample size has a 3% margin of error and a 99% confidence level.<\/em><\/p>\n\n\n\n<p><em>We defined Gen X as those born before 1980, Millennials&nbsp;as those born between 1981 and 1994, and Gen Z as those born between 1995 and 2010.&nbsp;All survey respondents were over the age of 18. As such Gen Z respondents only include those born between 1995 and 1999.<\/em><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New kids on the block prize homeownership, aspire for larger homes and more amenities To better understand the difference in attitude between Gen Z, Millennials and Gen X towards homeownership, intergenerational living and saving for a down payment, PropertyShark conducted a generational survey on their preferences. Key takeaways: Like other economic sectors, the real estate&hellip;<\/p>\n","protected":false},"author":49,"featured_media":32644,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8245,8283],"tags":[11171],"class_list":["post-32541","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-studies","category-national","tag-old-study"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>More Optimistic Than Millennials, Gen Z Is Here to Revolutionize the Housing Market - PropertyShark Real Estate Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2018\/09\/04\/more-optimistic-than-millennials-gen-z-is-here-to-revolutionize-the-housing-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"More Optimistic Than Millennials, Gen Z Is Here to Revolutionize the Housing Market\" \/>\n<meta property=\"og:description\" content=\"New kids on the block prize homeownership, aspire for larger homes and more amenities To better understand the difference in attitude between Gen Z, Millennials and Gen X towards homeownership, intergenerational living and saving for a down payment, PropertyShark conducted a generational survey on their preferences. Key takeaways: Like other economic sectors, the real estate&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2018\/09\/04\/more-optimistic-than-millennials-gen-z-is-here-to-revolutionize-the-housing-market\/\" \/>\n<meta property=\"og:site_name\" content=\"PropertyShark Real Estate Blog\" \/>\n<meta property=\"article:published_time\" content=\"2018-09-04T13:40:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-04-10T11:18:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2018\/09\/featured-image-housing-survey_750x500.png\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Eliza Theiss\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Eliza Theiss\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"12 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"More Optimistic Than Millennials, Gen Z Is Here to Revolutionize the Housing Market - PropertyShark Real Estate Blog","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2018\/09\/04\/more-optimistic-than-millennials-gen-z-is-here-to-revolutionize-the-housing-market\/","og_locale":"en_US","og_type":"article","og_title":"More Optimistic Than Millennials, Gen Z Is Here to Revolutionize the Housing Market","og_description":"New kids on the block prize homeownership, aspire for larger homes and more amenities To better understand the difference in attitude between Gen Z, Millennials and Gen X towards homeownership, intergenerational living and saving for a down payment, PropertyShark conducted a generational survey on their preferences. 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