metro with the largest share of Gen Z mortgage requests was Salt Lake City, Utah.
In 2022, Oklahoma City, OK, had the lowest average mortgage down payment among the top ten metros with the highest share of Gen Z home buyers in the United States. Gen Zers looking to buy a home there had to save on average roughly 19,000 U.S. dollars for a down payment. Between 18 and 23 percent of mortgage applications in these 10 metros came from Gen Z home buyers. While house prices do in fact influence Gen Zers' choice, the Average mortgage down payment in the metros with the highest share of Generation Z home buyers in the United States in 2022 (in U.S. dollars)
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Other statistics that may interest you Gen Z and the housing market in the U.S.
Introduction
7
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Home buying
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- Premium Statistic Leading metros for Gen Z house buyers in the U.S. in 2022
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Home financing and affordability
7
- Premium Statistic Median income of home buyers in the U.S. 2022, by generation
- Premium Statistic Average down payment in the leading metros for Gen Z house buyers in the U.S. in 2022
- Premium Statistic Average mortgage loan in the leading metros for Gen Z house buyers in the U.S. 2022
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Renting
7
- Premium Statistic Breakdown of apartment applicants in the U.S. 2021, by generation
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- Premium Statistic Most popular metros for Gen Z apartment applicants in the U.S. 2021, by metro
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15
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LendingTree. (June 5, 2023). Average mortgage down payment in the metros with the highest share of Generation Z home buyers in the United States in 2022 (in U.S. dollars) [Graph]. In Statista. Retrieved April 28, 2024, from https://www.statista.com/statistics/1260411/down-payment-in-leading-metros-for-gen-z-home-buyers-usa/
LendingTree. "Average mortgage down payment in the metros with the highest share of Generation Z home buyers in the United States in 2022 (in U.S. dollars)." Chart. June 5, 2023. Statista. Accessed April 28, 2024. https://www.statista.com/statistics/1260411/down-payment-in-leading-metros-for-gen-z-home-buyers-usa/
LendingTree. (2023). Average mortgage down payment in the metros with the highest share of Generation Z home buyers in the United States in 2022 (in U.S. dollars). Statista. Statista Inc.. Accessed: April 28, 2024. https://www.statista.com/statistics/1260411/down-payment-in-leading-metros-for-gen-z-home-buyers-usa/
LendingTree. "Average Mortgage down Payment in The Metros with The Highest Share of Generation Z Home Buyers in The United States in 2022 (in U.S. Dollars)." Statista, Statista Inc., 5 Jun 2023, https://www.statista.com/statistics/1260411/down-payment-in-leading-metros-for-gen-z-home-buyers-usa/
LendingTree, Average mortgage down payment in the metros with the highest share of Generation Z home buyers in the United States in 2022 (in U.S. dollars) Statista, https://www.statista.com/statistics/1260411/down-payment-in-leading-metros-for-gen-z-home-buyers-usa/ (last visited April 28, 2024)
Average mortgage down payment in the metros with the highest share of Generation Z home buyers in the United States in 2022 (in U.S. dollars) [Graph], LendingTree, June 5, 2023. [Online]. Available: https://www.statista.com/statistics/1260411/down-payment-in-leading-metros-for-gen-z-home-buyers-usa/