Among all home buyers in the United States in 2024, first time home buyers accounted for approximately ** percent of the total. The share of first time home buyers among all home buyers in the United States has fluctuated significantly between 2003 and 2024 having had the highest share of first time home buyers of ** percent in 2010.

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.

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).

This statistic shows the percentage of first-time home buyers in the United States in 2005 and 2015, by region. In 2005, ** percent of home buyers in the west were first-time buyers, whilst only ** percent of home buyers in the west in 2015 were first-time buyers.

The typical down payment percentage for first-time home buyers in 2024

Between 2015 and 2020, the majority of first-time buyers of different sexual orientations in the United States used conventional loans to finance their home purchases. About ** percent of bisexual, ** percent of LGBTQ, ** percent of non-LGBTQ, and ** percent of lesbian or gay individuals used conventional loans to buy home. Other loan options used in this period included FHA (Federal Housing Administration) loans and VA (Veterans Affairs) loans.

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.

Home Ownership Rate in the United States decreased to 65 percent in the second quarter of 2025 from 65.10 percent in the first quarter of 2025. This dataset provides the latest reported value for - United States Home Ownership Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In 2019, ** percent of first-time home buyers in the U.S. received a gift or a loan from a relative or friend to put towards their down payment, whereas only ***** percent of repeat buyers received financial assistance from their loved ones. This gap has existed since the turn of the century.

Between 2015 and 2020, about ** percent of bisexual home buyers recently bought their first home in the United States. In the same period, only ** percent of non-LGBTQ sellers were first time home buyers. A similar trend was seen among first time home sellers in the same period where 50 percent of bisexual individuals sold their first home.

Percentage of home buyers using conventional, FHA, VA, and USDA mortgages across different age groups.

Distribution of down payment amounts showing the percentage of buyers in each range across age groups.

year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2023 548 596 638 739 533 427 346 234 202 167 298 469 2024 418 367 464 414 445 415 402 385 321 177 148 175 2025 163 271 350 501 799 838 909 970

First Time Home Buyer 59.7% Repeat Buyer 40.3%

According to a survey conducted among over ****** respondents in the United States, approximately ** percent of home buyers who were looking to buy a home in the next 12 months would prefer a newly-built home as of the second quarter of 2023. This result reflected a significant change from 2021, when ** percent of respondents preferred a newly built home. Among different generation groups, millennials had the strongest preference for new over existing housing (** percent). During the same period, roughly ** percent of U.S. adults were planning a home purchase in the next year.

Between 2015 and 2020, the majority of first-time buyers with LGBTQ sexual orientation in the United States identified as white. The smallest share of White/Caucasian home buyers by sexual orientation in this period was ** percent who were bisexual. Asian/Pacific Islander homebuyers held the smallest share of first-time buyers across all sexual orientations.

According to a survey conducted among over 15,000 respondents in the U.S., between 36 and 55 percent of home buyers who were actively looking to buy a home in the next 12 months were not able to find one at a price they could afford as of the second quarter of 2023. Approximately ** percent of millennials struggled to find a home at an acceptable price, while for Baby Boomers, this percentage was higher at ** percent. According to the source, the main reason for the decline across all generations except for baby boomers was that respondents reported other reasons, such as getting outbid by other buyers or the inability to find a home in the desired neighborhood. In the second quarter of 2023, roughly ** percent of U.S. adults were planning a home purchase in the next year.

This statistic displays the share of first time home buyers in England in 2015/2016 by gender. It can be seen that over ** percent of first time buyers were joint tenants with a male as the household reference person (HRP) as of 2015/2016.

Graph and download economic data for Homeownership Rate in the United States (RHORUSQ156N) from Q1 1965 to Q2 2025 about homeownership, housing, rate, and USA.