COVID-19 effect on homeownership plans U.S. 2020, by ethnicity and demographic

Published by Statista Research Department, Aug 8, 2023
In a September 2020 survey among adults in the United States, one in three Millennials who was a person of color (POC) said that they were more interested in buying a home due to the COVID-19 pandemic (35 percent). On the other hand, the share of White Non-Hispanic Millennials who were more likely to purchase a house was 21 percent.

In the United States, the 2020 homeownership rate reached 65.8 percent.

Effect of COVID-19 on homeownership plans in the United States in 2020, by ethnicity and generation

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Release date

September 2020

Region

United States

Survey time period

September 2020

Number of respondents

4,400 respondents

Age group

Adults

Method of interview

Online survey

Supplementary notes

Data were weighted to approximate a target sample of adults based on age, race/ethnicity, gender, educational attainment, and region. Results from the full survey have a margin of error of plus or minus 1 percentage points.

The original survey question was formulated as: "Has the COVID-19 pandemic (coronavirus) influenced your interest in buying a home in the future?"

The respondents to this survey question were 368 White Non-Hispanic Millennials, 369 POC Millennials, 284 White Non-Hispanic GenXers, 155 POC GenXers, 288 White Non-Hispanic Baby Boomers and 87 POC Baby Boomers.

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