The data used in this analysis is from the U.S. Census Bureau 2016 American Community Survey 5-Year Estimates. The millennial homeownership rate is estimated as the number of owner-occupied housing units divided by the number of total housing units for all units where the householder is between 15 and 34 years old. The 5-year percent change in homeownership rate compares the homeownership rate for householders 15 to 34 years old in 2016 to the homeownership rate for householders 15 to 34 years old in 2011. Changes between 2011 and 2016 were tested for statistical significance. If the change is not statistically significant, “No change” is reported. Only the top 200 cities by total population were included in the analysis.
Haven Life Insurance Agency LLC (Haven Life) conducted this research for educational/informational purposes only. Haven Life is an online life insurance agency offering term life insurance issued by Massachusetts Mutual Life Insurance Company. Haven Life does not provide tax, legal, investment, or housing/real estate advice, and the information in the study should not be relied on as such. You should consult your own tax, legal, investment, and other advisors, as appropriate, before engaging in any transaction.
