“In what is being described as a historic shift, the millennial generation is now made up of more homeowners than renters, according to new data released by
RentCafe. After years of being known as the “renter generation,” millennials tipped the scale, largely due to the 7 million people in the generation who
bought homes in the last five years, bringing the total percentage of millennial homeowners up to 52%. Now, according to the data, Gen Z, who range from
11 to 25 years old according to Pew Research, is the only age group made up of a majority of renters.”