Tips For Gen Z In Preparing For The Homebuying Market
There’s no doubt the homebuying market is changing, but one thing remains consistent — the long-term benefits of owning a home. For Gen Z, homeownership is quickly becoming a top life goal. According to industry studies, 87% of Gen Z wants to own a home someday, and many hope to buy within the next five years. With more buying power than previous generations at the same age, this group is eager to take the next step.
If you're part of Gen Z and dreaming about purchasing your first home, you’re already on the right track. And with help from the friendly and knowledgeable Ernest Homes team, you can feel confident and prepared throughout the entire journey.
4 Important Tips for Gen Z on How to Save for a House
1. Improve Your Credit Score & Manage Debt
Your credit score plays a major role in your loan options, interest rate, and long-term savings. A higher score means better financing and lower monthly costs. Start building stronger credit now by paying bills on time, keeping balances low, and making a plan to reduce existing debt. The average credit score for Gen Z is 679 (Experian), but improving yours could save you thousands over the life of your mortgage.
2. Widen Your Home Search
Many Gen Z buyers benefit from flexible work environments, including remote positions that allow them to live in more affordable areas. Consider looking outside your current city to compare home prices, cost of living, and community amenities. Staying flexible with your “must-haves” can open the door to more attainable options.
3. Prepare Your Questions Ahead of Time
As a digital-first generation, Gen Z is used to researching everything online — and that curiosity is a huge advantage. Before touring homes or meeting with lenders, jot down your questions about loans, credit, timing, and must-know buying terms. For example, did you know shopping multiple lenders can result in a better interest rate? Preparing early gives you more confidence and reduces surprises later.
4. Learn from Others Who’ve Purchased a Home Recently
Don’t underestimate the value of real-life advice. Along with guidance from real estate professionals and lenders, ask friends or family members who recently bought their first home what they wish they had known. Their insights can help you avoid common pitfalls and navigate the process more smoothly.
How Soon Can Gen Z Become Homeowners?
Everyone’s timeline looks different. Some reach their goal sooner thanks to savings or low debt, while others take time to build credit or plan financially. Studies show that 74.6% of Gen Z is saving money, even if not specifically for a home yet — and starting early gives you a major advantage.
While higher rates and rising home prices may seem discouraging, many experts remain optimistic about Gen Z’s ability to buy, especially when they stay informed, budget wisely, and lean on available resources. Grants, down payment assistance programs, and even living at home temporarily are common strategies younger buyers use to get ahead.
Ernest Homes Is Here for New Homeowners
At Ernest Homes, we’ve spent over 30 years helping first-time buyers achieve their dream of homeownership. Our communities near Savannah offer great locations, strong schools, and plenty of opportunities for work and lifestyle. You can also explore our Available Homes for quicker move-in timelines, as well as personalized builds using our Design Studio.
Whether you're just starting to plan or ready to buy soon, we’re here to answer questions and guide you every step of the way. Connect with us today to begin your path to homeownership.
