The uptick in homeownership for Gen Zers is meaningful, but not explosive. Gen Zers and millennials turned one year older in 2025, aging more and more into homeownership. But many others — particularly younger Gen Zers — haven’t reached their peak earning years, haven’t had time to save for a down payment, and don’t have the funds for homeownership. It’s worth noting that the oldest Gen Zers are making more significant progress than younger ones. Home ownership among Gen Zers who are 28 years old is higher than millennials’ rate of 36.8 percent when they were 28.