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 2024, the average age of recent first-time buyers in London was slightly higher than the England average. Across the UK, first-time buyers accounted for approximately ******* home sales. First-time buyer prices and mortgages In London, the average value of a mortgage for first-time buyers was far higher than all other regions in the UK. Apart from the initial cost of a down payment, those that can afford to, see monthly payment savings against those renting. In certain parts of the country, annual savings of buying against renting saw first time buyers amounted to over ************ British pounds. Help to buy To encourage first-time buyers, the UK government started the "Help to buy" scheme. The scheme sees people saving for a first-time home receive a ***********bonus to their savings when purchasing a house valued at ******* British pounds (******* British pounds in London). Between December 2015 and March 2018, the North West of England saw the highest number of Help to buy ISA bonuses paid.

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

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.

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.

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.

Household characteristics, including household type, age group of the reference person (the person responsible for housing decisions), employment status of the reference person, visible minority status of the reference person, and degree of difficulty for the household to meet its financial needs, by tenure including first-time homebuyer status, Canada, provinces and territories, population centres, and selected census metropolitan areas (CMAs) and census agglomerations (CAs).

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.

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.

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

This dataset includes Statistics Canada table 46-10-0045-01, titled “Housing characteristics, by tenure including first-time homebuyer status”. The table includes information on selected housing characteristics (difficulty meeting financial needs, visible minority status, household type, age group, and employment status) housing by tenure. The tenure category of 'owner' is split up into first-time home buyers and owner who is not a first-time home buyer. The table has been edited to include only geographies from British Columbia. The table is available in CSV and Excel Workbook format. Definitions and notes are included at the bottom of the spreadsheet. This data set was collected as part of the Canadian Housing Survey by Statistics Canada. Geographies: British Columbia, Large urban population centres in British Columbia, Medium population centres in British Columbia, Small population centres in British Columbia, Rural areas in British Columbia, Vancouver CMA, Other census metropolitan areas in British Columbia, Census agglomerations in British Columbia

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.

This statistic shows the distribution of first-time homebuyers in the Netherlands in 2013 and 2017, by age group. In 2017, approximately 16 percent of all first-time homebuyers in the Netherlands consisted of the age group between 25 and 29 years old. This was a decrease from the approximately 25 percent in 2013.

In recent years, the housing market has continued to rise in the Netherlands due to low mortgage rates, a recovering economy and a high level of consumer confidence. In December 2017, for example, housing prices in the Netherlands increased by approximately 8.2 percent when compared to the same period a year before.

As at February 2025, couples aged 25 to 34 years old in Sydney, Australia spent an average of around 57.6 percent of their household income on mortgage repayments for an entry-priced house. In comparison, couples in the same age bracket in Darwin were spending around 27.7 percent of their household income on mortgage repayments for a house.

The average loan-to-value (LTV) ratio for first-time buyers (FTBs) remained relatively stable from 2017 to 2023. In 2017, the LTV stood at 79.7 percent, meaning that the average first-time buyer mortgage loan amounted to almost 80 percent of the total house price. The highest LTV ratio was observed in 2020 at 81.9 percent, followed by a decline in the following years to approximately 80.2 percent in 2022 and 80.3 percent in 2023. Meanwhile, loans to second and subsequent borrowers had a notably lower LTV ratio.

Description: This metric examines how affordable the average First Time Buyer (FTB) priced property would be for a couple earning the average FTB disposable income by NUTS 2 Region, NUTS 3 Region and County, for each year between 2016 and 2021, with this ratio expressed as a percentage (i.e. average monthly mortgage repayment due on the average FTB priced property as a percentage of the average monthly disposable income of an FTB couple). This percentage should be compared relative to the standard affordability mark of 30% (i.e. housing costs should be below 30% of a household’s disposable income). For example, in the attached excel file, the data shows that the Border recorded an Average Mortgage Repayment to Disposable Income Ratio for First Time Buyers of 17.1% in 2021, which was below the standard affordability mark of 30%. This implies that a FTB couple from the Border – on average disposable income levels in the Border and adjusted to reflect incomes of people aged 40 or below in the Border – would only typically have to pay 17.1% of their joint monthly disposable income on their mortgage instalments on the average priced FTB property in the Border. In contrast, the corresponding ratio for Dublin and the Mid-East is 35% and 31.5%, which are both above the standard affordability mark and show that housing for FTBs – on average – is relatively unaffordable in these areas.Basic Calculations = (Average mortgage repayment on average FTB priced property / Average disposable income of a couple under the age of 40).For full detail on the methodology for the development of this ratio please see the RDM FAQ section.This ratio has been developed by the Regional Economist at the three Regional Assemblies and is primarily based on the CSO County Income and Regional GDP as well as the CSO Regional Property Price Index.Geography available in RDM: State, Regional Assembly and Strategic Planning Area (SPA), County (26).Source: Regional AssembliesWeblink: n/aDate of last source data update: April 2023Update Schedule: Annual

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 number of bonuses paid out compared to the number of total property completions by age group in the United Kingdom (UK) in the 'help to buy' scheme between December 2015 and June 2023 varied by age group. Those aged between 25 and 34 years old used the help to buy scheme and received bonuses as well as making property completions far more than any other age group; 25 to 34 year old's received over 482,231 bonuses and made approximately 370,120 property completions.