several California cities<\/a>, including Fresno and Sacramento, rank highly for homeownership by the first digitally native generation.<\/p>\nMembers of Gen Z, also known as \u201czoomers,\u201d are typically defined as those born between 1997 and 2012.<\/p>\n
Here\u2019s what to know:<\/p>\n
What are top California cities for Gen Z homeowners?<\/p>\n
Fresno has the highest share of Gen Z members who are homeowners in California at 24%, the study found. That also put the city at No. 12 nationally.<\/p>\n
The number of Gen Z homeowners in Fresno soared to 4,311 in 2023 from 337 in 2018. That\u2019s a 1,179% increase.<\/p>\n
In Sacramento, 12.3% of homeowners are from Gen Z, making it No. 4 in the state, RentCafe said in an email to The Sacramento Bee.<\/p>\n
The number of homes owned among this cohort grew by 796% in five years, jumping from 684 to 6,130, the publication said.<\/p>\n
Elsewhere in California, Riverside saw a fivefold jump in Gen Z homeownership with 22.5% owning homes, ranking second in the state and 17th in the nation.<\/p>\n
Bakersfield reported Gen Z members owning 20.7% of homes.<\/p>\n
But San Jose ranks at the bottom nationally, with Gen Z accounting for just 5% of homeowners.<\/p>\n
What are top U.S. cities for Gen Z homeowners?<\/p>\n
Ogden, Utah took the No. 1 spot nationally in the report, with Gen Z accounting for more than 40% of homeowners, RentCafe said.<\/p>\n
Other top-ranking U.S. cities for homeownership by the cohort include Detroit; Birmingham; Jackson, Mississippi; Greenville, South Carolina; Wichita, Louisville, St. Louis, Omaha and Winston-Salem, North Carolina.<\/p>\n
What about renters?<\/p>\n
California and Texas rank among the top states for Gen Z renters, RentCafe reported.<\/p>\n
Nearly 95% of renters in San Jose are from this generation. San Francisco, San Diego and Los Angeles also ranked highly for Gen Z renters at 90% or higher.<\/p>\n
Across the United States, Lafayette, Indiana; College Station, Texas; Gainesville, Florida; Austin; Raleigh; and Fayetteville, Arkansas, also make the Top 10.<\/p>\n
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Related Stories from Sacramento Bee<\/p>\n
Don Sweeney<\/a><\/p>\n The Sacramento Bee<\/p>\n
Don Sweeney has been a newspaper reporter and editor in California for more than 35 years. He is a service reporter based at The Sacramento Bee.\n <\/p>\n","protected":false},"excerpt":{"rendered":"A new RentCafe report finds several California cities, including Fresno and Sacramento, rank highly for homeownership by the…\n","protected":false},"author":2,"featured_media":243717,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[32],"tags":[109272,109271,109270,109273,121,123,122],"class_list":{"0":"post-243716","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-sacramento","8":"tag-california-housing-trends","9":"tag-fresno-gen-z-homeownership","10":"tag-gen-z-homeowners","11":"tag-rentcafe-study","12":"tag-sacramento","13":"tag-sacramento-headlines","14":"tag-sacramento-news"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/243716","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=243716"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/243716\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/243717"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=243716"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=243716"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=243716"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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