SEATTLE–More than half (57%) of Generation Z renters are confident that they will own their own home, slightly more than Millennials at 55%, according to a new report published by Zillow.
“Many of them say their concept of homeownership is not any different from their parents’ generation,” said Jeremy Wacksman, chief marketing officer at Zillow, in a statement. Generation Z is generally defined as people born between the 1990s and early 2000s.
The Zillow research found 82% of Generation Z renters live with someone else, making them twice as likely to have a roommate or to live with family as renters from all generations. And almost half live in a space with less than 1,000 square feet.