As we see more and more Generation Y home buyers entering the market, you’re likely wondering: what makes a millennial home buyer? Approximately one-third of today’s home buyers in the U.S. are Millennials despite increasing home prices, tight inventory, and high debt.
While Generation X and Baby Boomers were most interested in buying large homes, Generation Y prefers smaller homes on smaller lots and chooses urban settings over the suburbs according to Inman News.
The infographic below shares the breakdown between generations among home buyers and also compares the median age and income level of Generation X and Y buyers:
Are you a Generation Y home buyer? What are your top priorities for an ideal home?