Gen-Z in Greater Philadelphia spends 30% of their income on rent. This affordability issue has persisted for 36 months since the start of the COVID-19 pandemic. Young adults in the area are dedicating almost a third of their income to renting, making it a norm.

Rent prices are rising steadily, with a 9.46% increase last year, while home prices have grown by 4.64% year over year. It's crucial to note that homeownership offers wealth-building opportunities and tax benefits.

Various low down payment options are available for aspiring homeowners. Consult a professional to explore your homeownership options without overextending your finances.