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U.S. Homeownership Expected to Rise for the Young

The home ownership rate of young adults will probably rise to 58.1% in 2025.

By Alex Tanzi | Updated on July 03, 2018
A home under construction stands in the Norton Commons subdivision of Louisville, Ky. Photographer: Luke Sharrett/Bloomberg

The “American Dream” could be on the verge of a rebound for some. The home ownership rate for young Americans will probably increase over the next decade to close to 60% from below 40% in 2016 as their incomes increase and they start families, according to Freddie Mac estimates. The data track two cohorts: Americans who were between the ages of 25-34 in 2016 and those who will be in that age group in 2025.

The home ownership rate of young adults will probably rise to 58.1% in 2025. Under a more optimistic scenario, the ownership rate could rise as high as 60%; in a pessimistic scenario, 55.9%. A percentage point can translate to more than 500,000 more home purchases. The self-employed are 5% more likely to own a home. Higher levels of wealth are correlated with being self-employed.

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