Zillow: millennials are still living with mom and dad

Recent report finds rising rents and plateauing incomes are keeping more millennials at home
  • Since 2005, when 13 percent of millennials lived with parents, the rate at which they are staying home increased to 21 percent.
  • El Paso, Texas, has the most millennials living at home at nearly 34 percent.
  • All the cities with the fastest rising rents -- more than 4 percent -- are west of the Mississippi.

First-time homebuyers are entering the housing market at a slow clip. Many are renting an apartment, but others are sticking with the roommate they know and love: Mom.

According to a recent analysis released by Zillow, millennials aged 24 to 34 are living with mom today more than any time in the last decade.