Purchasing a home is a privilege. Read below to check when the popular majority reach their goals of buying a home. 

 

 

Expected Home Ownership Age (among non-owners)

 

GENERATION     AVERAGE HOME OWNERSHIP AGE     AVERAGE AGE OF GROUP     AVERAGE YEARS TO OWN A HOUSE

1. Millennial                        34.4                                         27.8                                         7.4                               

2. Gen X                            48.4                                         42.2                                          6.2                               

3. Baby Boomers                62.3                                         59.5                                          2.8                               

 

 

  • The average age for American home owners is 35.
  • Before paying of their student loans, Millennial's are expected to purchase a home three years before.

 

Courtesy of Mike Patel,   

First Team Real Estate Christie’s International 

 714-470-8600    dre 01146880 </p