Where the Youngest People Are Buying Houses in the U.S.

Being a home owner is a common goal for many Americans. What would you guess the average age o a home buyer is in the United States? Ideally, it would be 25, and we would all be enjoying the bliss of our own home instead of renting (36% of the U.S. population rents). I was surprised to discover that it is 47 with an average income of $96,500. Of course, the average age of a home buyer varies significantly by region. Real Estate Agents has provided an excellent chart showcasing where the youngest home buyers are in the United States.

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Buffalo, New York is home to the youngest home owners with an average age of 35! In second place is San Jose, California with an average age of 37. San Jose is a major technology hub in California’s bay area and the cultural, financial, and political center of Silicon Valley, so it comes as no surprise that there are successful young entrepreneurs scooping up the homes there. What about Buffalo? The median home price in Buffalo is $169,900, so it makes sense that the houses are acquirable by younger folks who are still getting established in their lives and careers. Either way, this chart provides fascinating insights into real estate trends in America.