Median age of first-time homebuyers rises to 40 years by 2025

The median age of first-time homebuyers in the United States has increased significantly over the past few decades, reaching 38 years old in 2024 and projected to rise to 40 years old by 2025. This marks a notable change from previous decades, where the median ages were 28 years in 1980, 30 years in 1990, 31 years in 2000, and 32 years in 2010.

This trend reflects ongoing challenges in the housing market and the broader economy, contributing to concerns about the viability of the American Dream for younger generations. As reported, the rising age of first-time homebuyers highlights the shifting landscape of homeownership in the U.S.

For more information on related economic developments, see recent developments regarding the impact of economic factors on various sectors.