Young buyers in any generation have a hard time buying homes because they tend to earn less, and have less in savings or existing equity than older buyers. However, the analysis found that in the Tulsa metro area, 17.0% of Gen Z householders own their home, compared to 15.0% nationally.
But Gen Z—the population of Americans born between 1997 and 2012—faces even greater challenges: student debt, increasing rents, and unprecedented growth in home prices have put homeownership further out of reach. Market conditions have the largest impact on where Gen Z is able to buy homes, with more affordable locations being more likely to have higher numbers of young homeowners. To determine the locations with the highest Gen Z homeownership rate, researchers calculated the homeownership rate for householders aged 15–24 in 2020 and ranked metros accordingly.
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