Home Real Estate Homebuyer demographics are shifting

Homebuyer demographics are shifting

by Jan Schroder

Home ownership is still the American dream – the dreamers are just getting older. A recent study found that compared to 1980, people are buying homes at least a decade later in life in Florida, California, Hawaii, New York, Nevada, Georgia and Mississippi.

The biggest decline is in California homeowners born between 1980-2020. The share of 25- to 35-year-olds who own their home dropped from 39.4% to 15.5% and 35- to 45-year-olds from 64.4% to 39.7%. Alaska’s the only state where homeowners are getting younger: The majority of Alaskans owned a home by age 35 in 2021, compared to 36 in 2000.

– Vikki Locke, C2 CommunicationsThe SWFL 100

You may also like

The Wisconsin 100

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More