Iowa’s Young Adults Are Abandoning The Rental Market To Live at Home Longer

A confluence of factors, including housing shortages, job market shifts, and rising costs of living, has created a challenging environment for young adults looking to move out on their own. Because of this, according to the most recent Census figures, 33% of young adults aged 18-34 live with their parents, nearing the historic highs seen during the COVID-19 pandemic. That equals to 25.2 million adults under 35 living with their parents in 2025, according to Realtor.com® research.Moreover, the same generational report by Realtor.com highlighted that a paycheck is no longer the clear dividing line between dependence and independence. This suggests that even with employment, many young adults find it difficult to afford their own living spaces. Iowa's young adults staying homeThe trend of young adults living at home is not uniform across the nation, with significant variations by state. By using Census data, FinanceBuzz was able to map out the percentage of 18- to 34-year-olds who live with their parents in every state.For instance, according to their research, 21.60% of young adults aged 18 to 34 in Iowa are living with their parents. This figure is notably lower than the national av...