Map Shows Where Gen Z Is Carving Out Its Place in the Housing Market
Summary
Gen Z, people born between 1997 and 2012, are becoming a bigger part of the U.S. housing market despite high home prices and economic challenges. They made up nearly 20% of mortgage requests nationwide from 2024 to 2025, mostly in affordable regions like the Midwest.Key Facts
- Gen Z accounted for 19.9% of mortgage requests from January 2024 to December 2025.
- Gen Zās homebuying increased by 9.9% between 2024 and 2025.
- The median age for first-time homebuyers in the U.S. rose to 40 years old last year.
- The median U.S. home price was $436,523 in March 2026, up from $295,100 in March 2019.
- Mortgage interest rates are higher now, averaging 6.36% for a 30-year fixed loan in May 2026.
- The Midwest has the highest share of Gen Z mortgage applicants, with Minneapolis leading at 26.4%.
- Coastal cities like Miami and San Francisco have the lowest shares of Gen Z mortgage requests, due to high prices and down payments.
- Gen Z mortgage applicants had an average credit score of 674 and a typical down payment around $45,000.
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