More millennials finally own their homes than rent, a milestone that’s taken a bit longer for this cohort than previous generations.
Approximately 52% of millennials (typically defined as those turning ages 27 to 42 this year) owned a home by the end of 2022, according to recent research from RentCafe based on census and survey data from the Public Use Microdata Series (IPUMS) project, part of the Institute for Social Research and Data Innovation at the University of Minnesota.
