Since 2011, the average age of British citizens buying their first home in the United Kingdom (UK) increased by two years. In 2011, the average age for the country was 29, while in 2024, it reached ** years. Nevertheless, the average age varied in different regions.

Approximately ** percent of Americans aged 26 to 34 who bought a home were first-home buyers, whereas ** percent of home buyers between 35 and 44 bought their first home in that year. Gen Z and Millennial first-time buyers It is no surprise that many Gen Z (18 to 24 years old) and Millennial (25 to 43 years old) home buyers are mostly first-time home buyers. These home buyers are in the early stages of their careers, or still studying in some cases, and often struggling to repay student debt, so they need to save for many years before they afford a down payment. When do they sell? These generations tend to stay in their first homes for several years, which means that the majority of home sellers are older than them. The share of income needed to afford a trade-up home is significantly lower than the money needed for a starter home. A trade-up home is a larger and more expensive home, which homeowners often buy after living in their starter home, or their first home, for several years. This progression generally happens when homeowners have climbed the career ladder and increased their incomes.

In the 2 years to March 2023, the average age of first-time buyers was 32 years old.

Graph and download economic data for Consumer Unit Characteristics: Percent Homeowner by Age: from Age 25 to 34 (CXUHOMEOWNLB0403M) from 1990 to 2023 about consumer unit, age, homeownership, 25 years +, percent, and USA.

Data on resident buyers who are persons that purchased a residential property in a market sale and filed their T1 tax return form: number of and incomes of residential property buyers, sale price, price-to-income ratio by the number of buyers as part of a sale, age groups, first-time home buyer status, buyer characteristics (sex, family type, immigration status, period of immigration, admission category).

The average age of first-time buyers (FTBs) in Ireland increased by 1.4 years between 2017 and 2023. In 2017, the average age of first-time homebuyers was 33.9 years. In 2023, the average homebuyer was 35.3 years old. During the same period, the age of second and subsequent borrowers experienced slightly less variation.

The homeownership rate was the highest among Americans in their early 70s and the lowest among people in their early 20s in 2023. In that year, approximately ** percent of individuals aged 70 to 75 resided in a residence they owned, compared to approximately **** percent among individuals under the age of 25. On average, **** percent of Americans lived in an owner-occupied home. The homeownership rate was the highest in 2004 but has since declined.

Nearly one out of four European consumers who were tenants in 2019, believed they would not be able to buy a home in the future. This belief was especially shared in the Netherlands, Belgium, Germany, France, and the UK. However, those who did expect to eventually become first-home buyers believed it was more likely to happen once they passed the age of **. Indeed, in 2019, roughly ** percent of European respondents believed they had to wait until they were older than ** to be able to buy a property.

In 2022, San Jose, CA, was the hottest market for millennial homebuyers in the United States. Millennials in San Jose were responsible for nearly 64 percent of the house purchase requests. Denver, CO, and Boston, MA, completed the top three with over 60 percent of purchase requests. Which are the states with the youngest population in the U.S.? It should come as no surprise that the demographic composition plays a central role in the development of the housing market in different states. In 2020, the median age in the United States was 38.2 years, but some states, such as Alaska, District of Columbia, and Utah had much younger population. In contrast, Maine, Puerto Rico, and Hampshire had the highest median age of population. Millennials’ attitudes towards homeownership While many millennials have given up on homeownership, one in three people share that they are in the process of saving for a home purchase. These results suggest that young Americans have not entirely given up on the American dream of owning a home of their own.

About 36 percent of homeowners in England were aged 65 and above, which contrasts sharply with younger age groups, particularly those under 35. Young adults between 25 and 35, made up 15 percent of homeowners and had a dramatically lower homeownership rate. The disparity highlights the growing challenges faced by younger generations in entering the property market, a trend that has significant implications for wealth distribution and social mobility. Barriers to homeownership for young adults The path to homeownership has become increasingly difficult for young adults in the UK. A 2023 survey revealed that mortgage affordability was the greatest obstacle to property purchase. This represents a 39 percent increase from 2021, reflecting the impact of rising house prices and mortgage rates. Despite these challenges, one in three young adults still aspire to get on the property ladder as soon as possible, though many have put their plans on hold. The need for additional financial support from family, friends, and lenders has become more prevalent, with one in five young adults acknowledging this necessity. Regional disparities and housing supply The housing market in England faces regional challenges, with North West England and the West Midlands experiencing the largest mismatch between housing supply and demand in 2023. This imbalance is evident in the discrepancy between new homes added to the housing stock and the number of new households formed. London, despite showing signs of housing shortage, has seen the largest difference between homes built and households formed. The construction of new homes has been volatile, with a significant drop in 2020, a rebound in 2021 and a gradual decline until 2024.

Graph and download economic data for Homeownership Rate in the United States (RSAHORUSQ156S) from Q1 1980 to Q1 2025 about housing, rate, and USA.

The majority of home buyers in the United States in 2024 across all age groups purchased a home between ***** and ***** square feet in size. ** percent of the young millennials (26 to 34 years old) and ** percent of the silent generation (79 to 99 years old) purchased a home about the same feet in size.

In 2024, the median income range between of more than 200,000 U.S. dollars was the largest share of homebuyers in the United States that year. Among them, almost ** percent were between 26 and 59 years old. The income range between 100,000 and 124,999 U.S. dollars was the second one with the largest share of homebuyers in the United States that year. Among them, ** percent were between 18 and 34 years old.

The purpose of this study was to understand the relationship between happiness and housing prices in Canada. The happiness data were obtained from the General Social Survey between 2009 and 2013, asking respondents to report overall happiness level by using scale ranging between 1 to 10 points. House Price Indexes at the provincial level were constructed to cover the same period. The relationship between average house price change and average happiness was estimated using Ordinary Least Square and Logistic Regression techniques. Individual's characteristics were used as control variables. The study found that average happiness level is positively and significantly related to the change in housing prices for one group and not for another - for homeowners but not for renters. In addition, individuals with better health are much happier than individuals with poor health. Similarly, individuals with higher income are happier than individuals with less income. The implication of this study is that the government should design attractive policies to encourage homeownerships.

70% of White British households owned their own homes – the highest percentage out of all ethnic groups.

In 2022, people between 18 and 34 years of age made up the majority of homebuyers in Italy. About ** percent of homebuyers fell within this age group. Buyers aged between 35 and 44 followed with nearly ** percent. On the other hand, people aged 65 or more accounted for less than **** percent of the houses purchased.

The majority of home buyers in the United States in 2021 purchased homes that cost *** thousand U.S. dollars or more. Homes over *** thousand U.S. dollars were purchased by ** percent of buyers from the ** to ** age group who made up the largest share of buyers in that category.

Graph and download economic data for Households; Owners' Equity in Real Estate, Level (OEHRENWBSHNO) from Q4 1945 to Q1 2025 about net worth, balance sheet, nonprofit organizations, equity, real estate, Net, households, and USA.

The highest share of home buyers in the United States in 2024 across all age groups were married couples. Married couples made up at least 56 percent of home buyers in all age groups that year, except for homebuyers aged between 18 and 25 years old.