US First-Time Homebuyers Hit Record Median Age of 40
The landscape of homeownership in the United States is shifting significantly. Recent data shows that the median age for first-time homebuyers has climbed to a record high of 40 years old. This is a sharp increase from 33 in 2021 and 29 back in 1981, highlighting the growing challenges for younger Americans trying to enter the housing market.
Over the past year, first-time buyers accounted for just 21% of all home purchases, marking the lowest share ever recorded. Experts attribute this trend to rising home prices, higher interest rates, and limited inventory, which collectively make homeownership less accessible for younger generations. Economic factors such as student debt and inflation are also delaying major financial milestones, including buying a first home.
This demographic shift has long-term implications for the housing market, affecting everything from home design trends to regional market growth. Policymakers and industry leaders are now examining ways to make homeownership more attainable for younger Americans in the coming years.
