08/27/2026
About 5.3 million Millennials became homeowners in the last five years, creating a 74% increase in Millennial-owned homes. However, the number of American Millennial renters also rose by a modest 5%, adding approximately 600,000 households.
This brings the total number of Millennial homeowner households to 12.4 million, close to the 12.6 million Millennial renter households. Millennial Renters tend to remain in their homes longer than their younger renting counterparts, making attracting these renters a smart marketing strategy.
Where are they renting? Where it is sunny of course!
Here are the nation's top metro areas for Millennial homeownership growth, where the number of Millennial homeowners more than doubled.
