Not all renters are trying to become homeowners. A majority of them don't think they'll ever have enough money to buy property, recent data finds.of 1,000 renters. Instead, they're focusing on other financial milestones.since January 2020, 77% of renters say the U.S. has an affordable housing crisis. The median home price climbed from $329,000 in January 2020 to $476,800 as of April 2023, according to the most recent U.S. Census Bureau data.
While 51% of renters consider owning a home to be a"very important" financial milestone, survey respondents were more likely to select other achievements as priorities. Here are the most popular milestones they chose:
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