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 290,000 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 two thousand 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 25% bonus to their savings when purchasing a house valued at 250,000 British pounds (450,000 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.

Approximately 75 percent of Americans aged 25 to 33 who bought a home were first-home buyers, whereas 44 percent of home buyers between 34 and 43 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.

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.

Since 2011, the average age of British citizens buying their first home in the United Kingdom (UK) increased by three years. In 2011, the average age for the country was 29, while in 2023, it reached 32 years. Nevertheless, the average age varied in different regions.

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).

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 35. Indeed, in 2019, roughly 16 percent of European respondents believed they had to wait until they were older than 35 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).

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.

About 15 percent of homebuyers in the United States in 2022 had a median household income between 100,000 and 124,999 U.S dollars. This was the median income range with the largest share of homebuyers in the United States that year. Among them, 19 percent were between the age of 18 and 24 years old.

For the past decade, buying a home in the UK has been more affordable than renting one, when only considering the monthly costs. The renting versus buying gap fluctuated during the period and in 2016, it reached its highest value of 131 British pounds. In 2023, the monthly costs for a first-time buyer were 1,231 British pounds, compared to 1,258 British pounds for renters. Rental growth vs house price growth Housing costs in the UK have been on an uprise, with both renting and buying a home increasingly unreachable. Though the monthly costs of buying have consistently been lower in the past decade, house price growth has been much stronger than rental growth since the beginning of the pandemic. Additionally, buyers have been affected by the aggressive mortgage rate hikes, making acquiring their first home even less affordable. Barriers to homeownership Buying a home is not straightforward. For younger (18-40) potential first-time buyers, there are a number of barriers. Approximately one in three first-time buyers point out that raising a deposit was the main obstacle. Other reasons stopping buyers were not being able to take out a mortgage on their current income and poor credit ratings. Unsurprisingly, the highest share of people who buy a home with a mortgage was in the age group of 45 to 55-year-olds.

The average sales price of new homes in the United States experienced a slight decrease in 2024, dropping to 512,2000 U.S. dollars from the peak of 521,500 U.S. dollars in 2022. This decline came after years of substantial price increases, with the average price surpassing 400,000 U.S. dollars for the first time in 2021. The recent cooling in the housing market reflects broader economic trends and changing consumer sentiment towards homeownership. Factors influencing home prices and affordability The rapid rise in home prices over the past few years has been driven by several factors, including historically low mortgage rates and increased demand during the COVID-19 pandemic. However, the market has since slowed down, with the number of home sales declining by over two million between 2021 and 2023. This decline can be attributed to rising mortgage rates and decreased affordability. The Housing Affordability Index hit a record low of 98.1 in 2023, indicating that the median-income family could no longer afford a median-priced home. Future outlook for the housing market Despite the recent cooling, experts forecast a potential recovery in the coming years. The Freddie Mac House Price Index showed a growth of 6.5 percent in 2023, which is still above the long-term average of 4.4 percent since 1990. However, homebuyer sentiment remains low across all age groups, with people aged 45 to 64 expressing the most pessimistic outlook. The median sales price of existing homes is expected to increase slightly until 2025, suggesting that affordability challenges may persist in the near future.

The once-a-decade decennial census was conducted in April 2010 by the U.S. Census Bureau. This count of every resident in the United States was mandated by Article I, Section 2 of the Constitution and all households in the U.S. and individuals living in group quarters were required by law to respond to the 2010 Census questionnaire. The data collected by the decennial census determine the number of seats each state has in the U.S. House of Representatives and is also used to distribute billions in federal funds to local communities. The questionnaire consisted of a limited number of questions but allowed for the collection of information on the number of people in the household and their relationship to the householder, an individual's age, sex, race and Hispanic ethnicity, the number of housing units and whether those units are owner- or renter-occupied, or vacant. Results for sub-state geographic areas in New Mexico were released in a series of data products. These data come from Summary File 1 (SF-1). The geographic coverage for SF-1 includes the state, counties, places (both incorporated and unincorporated communities), tribal lands, school districts, census tracts, block groups and blocks, among others. The data in this particular RGIS Clearinghouse table is for Otero County and all census blocks in the county. Table DC10_00912 shows median age for all persons (both sexes), for males and for females. This file, along with file-specific descriptions (in Word and text formats) are available in a single zip file.

The once-a-decade decennial census was conducted in April 2010 by the U.S. Census Bureau. This count of every resident in the United States was mandated by Article I, Section 2 of the Constitution and all households in the U.S. and individuals living in group quarters were required by law to respond to the 2010 Census questionnaire. The data collected by the decennial census determine the number of seats each state has in the U.S. House of Representatives and is also used to distribute billions in federal funds to local communities. The questionnaire consisted of a limited number of questions but allowed for the collection of information on the number of people in the household and their relationship to the householder, an individual's age, sex, race and Hispanic ethnicity, the number of housing units and whether those units are owner- or renter-occupied, or vacant. Results for sub-state geographic areas in New Mexico were released in a series of data products. These data come from Summary File 1 (SF-1). The geographic coverage for SF-1 includes the state, counties, places (both incorporated and unincorporated communities), tribal lands, school districts, census tracts, block groups and blocks, among others. The data in this particular RGIS Clearinghouse table is for Valencia County and all census block groups in the county. Table DC10_00892 shows median age for all persons (both sexes), for males and for females. This file, along with file-specific descriptions (in Word and text formats) are available in a single zip file.

This statistic shows the distribution of the French who made the first real estate purchase in 2016, according to the age group. We observe that more than 30% of the first-time buyers of real estate were between 25 and 28 years old.

The once-a-decade decennial census was conducted in April 2010 by the U.S. Census Bureau. This count of every resident in the United States was mandated by Article I, Section 2 of the Constitution and all households in the U.S. and individuals living in group quarters were required by law to respond to the 2010 Census questionnaire. The data collected by the decennial census determine the number of seats each state has in the U.S. House of Representatives and is also used to distribute billions in federal funds to local communities. The questionnaire consisted of a limited number of questions but allowed for the collection of information on the number of people in the household and their relationship to the householder, an individual's age, sex, race and Hispanic ethnicity, the number of housing units and whether those units are owner- or renter-occupied, or vacant. Results for sub-state geographic areas in New Mexico were released in a series of data products. These data come from Summary File 1 (SF-1). The geographic coverage for SF-1 includes the state, counties, places (both incorporated and unincorporated communities), tribal lands, school districts, census tracts, block groups and blocks, among others. The data in this particular RGIS Clearinghouse table is for Torrance County and all census blocks in the county. Table DC10_00923 shows median age for all persons (both sexes), for males and for females. This file, along with file-specific descriptions (in Word and text formats) are available in a single zip file.

The once-a-decade decennial census was conducted in April 2010 by the U.S. Census Bureau. This count of every resident in the United States was mandated by Article I, Section 2 of the Constitution and all households in the U.S. and individuals living in group quarters were required by law to respond to the 2010 Census questionnaire. The data collected by the decennial census determine the number of seats each state has in the U.S. House of Representatives and is also used to distribute billions in federal funds to local communities. The questionnaire consisted of a limited number of questions but allowed for the collection of information on the number of people in the household and their relationship to the householder, an individual's age, sex, race and Hispanic ethnicity, the number of housing units and whether those units are owner- or renter-occupied, or vacant. Results for sub-state geographic areas in New Mexico were released in a series of data products. These data come from Summary File 1 (SF-1). The geographic coverage for SF-1 includes the state, counties, places (both incorporated and unincorporated communities), tribal lands, school districts, census tracts, block groups and blocks, among others. The data in this particular RGIS Clearinghouse table is for New Mexico and all census tracts in the state. Table DC10_00859 shows median age for all persons (both sexes), for males and for females. This file, along with file-specific descriptions (in Word and text formats) are available in a single zip file.

About this dataset

Context

The dataset tabulates the population of Red House town by gender across 18 age groups. It lists the male and female population in each age group along with the gender ratio for Red House town. The dataset can be utilized to understand the population distribution of Red House town by gender and age. For example, using this dataset, we can identify the largest age group for both Men and Women in Red House town. Additionally, it can be used to see how the gender ratio changes from birth to senior most age group and male to female ratio across each age group for Red House town.

Key observations

Largest age group (population): Male # 40-44 years (4) | Female # 40-44 years (4). Source: U.S. Census Bureau American Community Survey (ACS) 2018-2022 5-Year Estimates.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2018-2022 5-Year Estimates.

Age groups:

• Under 5 years
• 5 to 9 years
• 10 to 14 years
• 15 to 19 years
• 20 to 24 years
• 25 to 29 years
• 30 to 34 years
• 35 to 39 years
• 40 to 44 years
• 45 to 49 years
• 50 to 54 years
• 55 to 59 years
• 60 to 64 years
• 65 to 69 years
• 70 to 74 years
• 75 to 79 years
• 80 to 84 years
• 85 years and over

Scope of gender :

Please note that American Community Survey asks a question about the respondents current sex, but not about gender, sexual orientation, or sex at birth. The question is intended to capture data for biological sex, not gender. Respondents are supposed to respond with the answer as either of Male or Female. Our research and this dataset mirrors the data reported as Male and Female for gender distribution analysis.

Variables / Data Columns

• Age Group: This column displays the age group for the Red House town population analysis. Total expected values are 18 and are define above in the age groups section.
• Population (Male): The male population in the Red House town is shown in the following column.
• Population (Female): The female population in the Red House town is shown in the following column.
• Gender Ratio: Also known as the sex ratio, this column displays the number of males per 100 females in Red House town for each age group.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Red House town Population by Gender. You can refer the same here

The once-a-decade decennial census was conducted in April 2010 by the U.S. Census Bureau. This count of every resident in the United States was mandated by Article I, Section 2 of the Constitution and all households in the U.S. and individuals living in group quarters were required by law to respond to the 2010 Census questionnaire. The data collected by the decennial census determine the number of seats each state has in the U.S. House of Representatives and is also used to distribute billions in federal funds to local communities. The questionnaire consisted of a limited number of questions but allowed for the collection of information on the number of people in the household and their relationship to the householder, an individual's age, sex, race and Hispanic ethnicity, the number of housing units and whether those units are owner- or renter-occupied, or vacant. Results for sub-state geographic areas in New Mexico were released in a series of data products. These data come from Summary File 1 (SF-1). The geographic coverage for SF-1 includes the state, counties, places (both incorporated and unincorporated communities), tribal lands, school districts, census tracts, block groups and blocks, among others. The data in this particular RGIS Clearinghouse table is for Bernalillo County and all census blocks in the county. Table DC10_00893 shows median age for all persons (both sexes), for males and for females. This file, along with file-specific descriptions (in Word and text formats) are available in a single zip file.

The once-a-decade decennial census was conducted in April 2010 by the U.S. Census Bureau. This count of every resident in the United States was mandated by Article I, Section 2 of the Constitution and all households in the U.S. and individuals living in group quarters were required by law to respond to the 2010 Census questionnaire. The data collected by the decennial census determine the number of seats each state has in the U.S. House of Representatives and is also used to distribute billions in federal funds to local communities. The questionnaire consisted of a limited number of questions but allowed for the collection of information on the number of people in the household and their relationship to the householder, an individual's age, sex, race and Hispanic ethnicity, the number of housing units and whether those units are owner- or renter-occupied, or vacant. Results for sub-state geographic areas in New Mexico were released in a series of data products. These data come from Summary File 1 (SF-1). The geographic coverage for SF-1 includes the state, counties, places (both incorporated and unincorporated communities), tribal lands, school districts, census tracts, block groups and blocks, among others. The data in this particular RGIS Clearinghouse table is for Harding County and all census block groups in the county. Table DC10_00871 shows median age for all persons (both sexes), for males and for females. This file, along with file-specific descriptions (in Word and text formats) are available in a single zip file.