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Fortune
Fortune
Glen Luke Flanagan

Are Millennials the reason single-family home rents are off the charts? A new Zillow report looks at the numbers

A For Rent sign hanging outside a home. (Credit: Oscar Wong—Getty Images)

It’s well past time to stop blaming Millennials for avocado toast, but a new report finds they might be driving the cost of rents for single-family homes off the charts.

Millennials have become the dominant force in U.S. real estate, but the hurdles of the housing market—in terms of both supply and affordability—means more and more families are opting to rent single-family homes rather than buy them.

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