The desire for a home is real.
Zillow reports that 94 percent of the respondents to a nationwide survey said they would own a home “if money were no object.”
“The idyllic, picket-fenced, detached, single-family home in the suburbs remains a mainstream standard of what homeownership should look like,” the report states, and it is quick to point out that “given that the U.S. homeownership rate is currently around 64 percent, money is clearly an object for many would-be homeowners that are currently renting.”
Despite a growing belief that attitudes are changing toward urban versus suburban living, most of the respondents (56 percent) said they’d prefer a house in the suburbs, compared to 26 percent who said they’d prefer a house in the urban core of a city and 18 percent who said they’d prefer to live in a rural area.
Although 82 percent of respondents reported they prefer a single-family home, the report found that young adults are more likely to consider other options. Slightly more young adults (9 percent) said they’d choose an attached single-family home, while only 5 percent and 6 percent of middle-aged and older adults said the same thing.
If you’d like to learn more, read Zillow’s full report.