The low end of millennials gives an indication of what types of homes have been bought – this is not a survey of desires but from an NAR report based on actual home purchases.
There is much talk about Gen Z. But this important: In late 2025, Gen Z spanned the ages of 13 to 28, average age 21. Historically, the average first home purchase occurs around 28-30. Consequently, anyone telling you about Gen Z home purchases is basically lying – half of them are age 21 or younger!
When you read social media posts about how a single wage earner could buy a home, raise 3 kids and live comfortably in the 1950s or 1960s, remember that the typical home they bought was half the size of today, 2 or 3 bedrooms, with a carport or 1 car garage. That’s not how Gen Z or millennials want to live in 2025.
