The Shift in the American Dream: Why Modern Households Are Choosing Single-Family Rentals

A new survey from the Center for Generational Kinetics reveals why 70% of single-family renters prefer leasing, citing maintenance relief and affordability.

By: AXL Media

Published: Mar 12, 2026, 6:16 AM EDT

Source: https://www.multihousingnews.com/

Redefining the "American Dream"

The survey results challenge long-standing assumptions about homeownership. Only 8 percent of current home renters still define the American Dream as owning a home. Instead, the majority of respondents cited the psychological and financial relief of not being responsible for "stumbling blocks" such as:

Maintenance and Repair Costs: 70% of renters feel relieved to pass these burdens to professional property managers.

Property Taxes: Increasing tax assessments in many states have made the predictable monthly cost of a lease more attractive.

Upfront Capital: 35% of respondents are actively saving, but many prefer the liquidity of not having their wealth tied up in a down payment.

Generational Nuances: Gen Z vs. Gen X