Gen Z Homeowners? Believe It. Here’s How:

Gen Z Homeowners? Believe It. Here’s How:

Generation Z is actively pursuing homeownership, and they are employing innovative strategies to navigate the financial challenges and a competitive housing market. Defined as those born in the years between 1997 and 2012, they comprise only about 3% of current home buyers, but Gen Z’ers are entering the market earlier than previous generations. Notably, 27.8% of 24-year-old Gen Z’ers own homes, surpassing the 24.5% of millennials and 23.5% of Gen X’ers who owned homes at the same age. Here’s how they’re doing it:

• Rent-vesting: Buying in less expensive areas while renting in cities, aka equity growth without relocation.

• House Hacking: Purchasing properties with multiple units or rooms to rent, offsetting mortgage costs.

• Co-Ownership: Pooling resources with friends or family to jointly purchase a property.

• Strategic financial planning: Living with family to save on expenses, working multiple jobs, and diligently budgeting to amass sufficient funds for a down payment.

Ralph’s Take

For years, we’ve heard that young buyers are being priced out. But Gen Z isn’t waiting around — they’re taking action, proving that with the right strategy, homeownership is still within reach. What’s especially impressive is their willingness to think outside the traditional path to homeownership. Whether it's living with family to save on expenses or pooling resources with friends, Gen Z is finding ways to make real estate work for them rather than waiting on perfect market conditions.