The Average Age and Income of Home Buyers (and Home Sellers) in the 50 Biggest Metro Areas
The average age of home buyers in the United States is 47 years old, while the average age of home sellers in the U.S. is 55 years old. The average incomes of home buyers and sellers in the U.S. are just below $100,000, with only a small margin of $2,500 between the two amounts. How do these national averages compare to those who are buying a new home or selling a home in the most bustling metropolitan areas of the country? To seek out the answer, RealEstateAgents.com analyzed data from the Home
The average age of home buyers in the United States is 47 years old, while the average age of home sellers in the U.S. is 55 years old. The average incomes of home buyers and sellers in the U.S. are just below $100,000, with only a small margin of $2,500 between the two amounts. How do these national averages compare to those who are buying a new home or selling a home in the most bustling metropolitan areas of the country? To seek out the answer, RealEstateAgents.com analyzed data from the Home Buyers and Sellers Survey to find the average age and income of both home buyers and home sellers in the 50 biggest metro areas across the United States. Using this data, we were able to determine if certain areas of the country were attracting more younger people buying homes than others and if others areas were seeing more older people selling their homes. Read on to see how the biggest metro areas compare in terms of the average age and income of both the home buyers and home sellers there.
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What Is the Average Age and Income of Home Buyers in the U.S.?
The average age of a home buyer in the United States is 47 years old and the U.S. average home buyer income is $96,500. This is the national average for a home buyer in all metro areas, not just the 50 major metro areas included in our study. How does the national average age and income of home buyers compare to that of the largest metro areas in the country? Just six of the 50 had an average age of 47 or higher, which shows that younger people are more likely to buy a home in a large metro area, while older home buyers may be looking to smaller cities.
Where Are Home Buyers the Youngest or the Oldest?
The youngest home buyers are those in the Buffalo-Cheektowaga-Niagara Falls metro area of New York, with an average home buyer age of 35. Those home-buying in this area also had one of the lower average incomes, at $71,919. Why are so many young people moving to the Buffalo, NY, area? One factor that may have come into play is a program the state offers to help college graduates buy a home in upstate New York cities like Buffalo.
The oldest home buyers are in Florida, with the Tampa-St. Petersburg-Clearwater metro area at the top of the list with an average home buyer age of 53. Two other Florida metro areas were also found in the top four, with an average home buyer age of 51 years old in the Orlando and Miami areas.
Metro Areas With the Youngest Average Home Buyer
Buffalo-Cheektowaga-Niagara Falls, NY: 35
San Jose-Sunnyvale-Santa Clara, CA: 37
Oklahoma City, OK: 37
Metro Areas With the Oldest Average Home Buyer
Tampa-St. Petersburg-Clearwater, FL: 53
Orlando-Kissimmee-Sanford, FL: 51
Miami-Fort Lauderdale-West Palm Beach, FL: 51
Phoenix-Mesa-Chandler, AZ: 51
What Is the Average Age and Income of Home Sellers in the US?
The average age of a home seller in the United States is 55 years old and the average home seller income is $99,000. How does the U.S. average age and income of a home seller compare to the age and income of those in the largest metro areas? Surprisingly, none of the 50 metros had an average seller age of 55 or older; the oldest average was 54. Again, this statistic shows that younger people tend to live in bigger cities and metros, keeping the ages lower than the national average.
Where Are Home Sellers the Youngest or the Oldest?
The youngest home sellers were found to be located in the Minneapolis and Salt Lake City metro areas, with an average home seller age of 44 years old. Northern metro areas surrounding the Great Lakes were found to have the second youngest home sellers, at 45 years of age, including Columbus, OH, Pittsburgh, PA, and Milwaukee, WI. The Buffalo metro area was also found to have some of the youngest home sellers, in addition to the youngest home buyers, with an average age of 45 years old.
Florida is home to the oldest home sellers as well as the oldest home buyers. The average age of home sellers in Tampa was found to be 54, while the age of home sellers in the Orlando area averages 53 years. This comes as no surprise seeing as Florida has one of the oldest populations in the United States, with 21.3% of the population over the age of 65.
Metro Areas With the Youngest Average Home Seller Age
Minneapolis-St. Paul-Bloomington, MN: 44
Salt Lake City, UT: 44
Pittsburgh, PA: 45
Columbus, OH: 45
Milwaukee-Waukesha, WI: 45
Buffalo-Cheektowaga-Niagara Falls, NY: 45
Metro Areas With the Oldest Average Home Seller Age
Tampa-St. Petersburg-Clearwater, FL: 54
Orlando-Kissimmee-Sanford, FL: 53
Metro Areas Ranked By Youngest Home Buyers
|
|
Metro |
Average Age of Home Buyer |
Avg Income of Home Buyer |
|
1 |
Buffalo-Cheektowaga-Niagara Falls, NY |
35 |
$78,632 |
|
2 |
San Jose-Sunnyvale-Santa Clara, CA |
37 |
$228,244 |
|
2 |
Oklahoma City, OK |
37 |
$86,962 |
|
4 |
Salt Lake City, UT |
38 |
$94,054 |
|
4 |
Pittsburgh, PA |
38 |
$89,351 |
|
4 |
Milwaukee-Waukesha, WI |
38 |
$87,192 |
|
4 |
Virginia Beach-Norfolk-Newport News, VA-NC |
38 |
$86,643 |
|
4 |
Indianapolis-Carmel-Anderson, IN |
38 |
$79,282 |
|
9 |
Columbus, OH |
39 |
$100,846 |
|
9 |
Denver-Aurora-Lakewood, CO |
39 |
$110,209 |
|
9 |
Baltimore-Columbia-Towson, MD |
39 |
$107,329 |
|
9 |
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD |
39 |
$101,620 |
|
9 |
St. Louis, MO-IL |
39 |
$86,171 |
|
9 |
Austin-Round Rock, TX |
39 |
$113,631 |
|
9 |
Cincinnati, OH-KY-IN |
39 |
$86,569 |
|
9 |
Nashville-Davidson-Murfreesboro-Franklin, TN |
39 |
$92,691 |
|
9 |
Hartford-East Hartford-Middletown, CT |
39 |
$97,726 |
|
18 |
Minneapolis-St. Paul-Bloomington, MN-WI |
40 |
$105,486 |
|
18 |
Chicago-Naperville-Elgin, IL-IN-WI |
40 |
$103,704 |
|
18 |
Kansas City, MO-KS |
40 |
$88,373 |
|
18 |
Washington-Arlington-Alexandria, DC-VA-MD-WV |
40 |
$133,242 |
|
18 |
Boston-Cambridge-Newton, MA-NH |
40 |
$133,165 |
|
18 |
Seattle-Tacoma-Bellevue, WA |
40 |
$125,848 |
|
18 |
Richmond, VA |
40 |
$97,456 |
|
18 |
Dallas-Fort Worth-Arlington, TX |
40 |
$104,249 |
|
18 |
San Francisco-Oakland-Berkeley, CA |
40 |
$199,147 |
|
18 |
Charlotte-Concord-Gastonia, NC-SC |
40 |
$97,991 |
|
18 |
Cleveland-Elyria, OH |
40 |
$87,139 |
|
18 |
Memphis, TN-MS-AR |
40 |
$79,631 |
|
30 |
Detroit-Warren-Dearborn, MI |
41 |
$77,879 |
|
30 |
Providence-Warwick, RI-MA |
41 |
$91,993 |
|
30 |
New York-Newark-Jersey City, NY-NJ-PA |
41 |
$121,786 |
|
30 |
Houston-The Woodlands-Sugar Land, TX |
41 |
$110,558 |
|
30 |
San Antonio-New Braunfels, TX |
41 |
$96,192 |
|
35 |
Louisville/Jefferson County, KY-IN |
42 |
$79,773 |
|
35 |
Birmingham-Hoover, AL |
42 |
$71,919 |
|
35 |
Los Angeles-Long Beach-Anaheim, CA |
42 |
$128,883 |
|
38 |
Atlanta-Sandy Springs-Alpharetta, GA |
43 |
$94,126 |
|
38 |
Raleigh-Cary, NC |
43 |
$108,437 |
|
38 |
Sacramento-Roseville-Folsom, CA |
43 |
$111,646 |
|
38 |
Jacksonville, FL |
43 |
$83,473 |
|
42 |
Portland-Vancouver-Hillsboro, OR-WA |
44 |
$109,595 |
|
43 |
San Diego-Chula Vista-Carlsbad, CA |
45 |
$125,156 |
|
43 |
New Orleans-Metairie, LA |
45 |
$76,257 |
|
45 |
Riverside-San Bernardino-Ontario, CA |
47 |
$91,296 |
|
46 |
Las Vegas-Henderson-Paradise, NV |
50 |
$86,106 |
|
47 |
Phoenix-Mesa-Chandler, AZ |
51 |
$85,522 |
|
47 |
Miami-Fort Lauderdale-West Palm Beach, FL |
51 |
$80,899 |
|
47 |
Orlando-Kissimmee-Sanford, FL |
51 |
$82,892 |
|
50 |
Tampa-St. Petersburg-Clearwater, FL |
53 |
$70,237 |
Metro Areas Ranked By Youngest Home Sellers
|
|
Metro |
Average Age of Home Seller |
Avg Income of Home Seller |
|
1 |
Minneapolis-St. Paul-Bloomington, MN-WI |
44 |
$99,293 |
|
1 |
Salt Lake City, UT |
44 |
$87,136 |
|
3 |
Pittsburgh, PA |
45 |
$80,576 |
|
3 |
Columbus, OH |
45 |
$85,220 |
|
3 |
Milwaukee-Waukesha, WI |
45 |
$95,533 |
|
3 |
Buffalo-Cheektowaga-Niagara Falls, NY |
45 |
$76,531 |
|
7 |
Chicago-Naperville-Elgin, IL-IN-WI |
46 |
$93,230 |
|
7 |
Kansas City, MO-KS |
46 |
$83,727 |
|
7 |
Louisville/Jefferson County, KY-IN |
46 |
$83,752 |
|
10 |
Washington-Arlington-Alexandria, DC-VA-MD-WV |
47 |
$130,870 |
|
10 |
Atlanta-Sandy Springs-Alpharetta, GA |
47 |
$83,219 |
|
10 |
Boston-Cambridge-Newton, MA-NH |
47 |
$126,121 |
|
10 |
Detroit-Warren-Dearborn, MI |
47 |
$70,874 |
|
10 |
Seattle-Tacoma-Bellevue, WA |
47 |
$113,319 |
|
10 |
Denver-Aurora-Lakewood, CO |
47 |
$97,536 |
|
10 |
Baltimore-Columbia-Towson, MD |
47 |
$111,729 |
|
10 |
Virginia Beach-Norfolk-Newport News, VA-NC |
47 |
$92,529 |
|
10 |
Providence-Warwick, RI-MA |
47 |
$98,048 |
|
10 |
Raleigh-Cary, NC |
47 |
$94,206 |
|
10 |
Richmond, VA |
47 |
$98,442 |
|
10 |
Birmingham-Hoover, AL |
47 |
$74,591 |
|
22 |
New York-Newark-Jersey City, NY-NJ-PA |
48 |
$121,768 |
|
22 |
Los Angeles-Long Beach-Anaheim, CA |
48 |
$108,165 |
|
22 |
Dallas-Fort Worth-Arlington, TX |
48 |
$97,095 |
|
22 |
Houston-The Woodlands-Sugar Land, TX |
48 |
$90,279 |
|
22 |
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD |
48 |
$99,977 |
|
22 |
San Francisco-Oakland-Berkeley, CA |
48 |
$142,809 |
|
22 |
Riverside-San Bernardino-Ontario, CA |
48 |
$77,602 |
|
22 |
St. Louis, MO-IL |
48 |
$82,665 |
|
22 |
Charlotte-Concord-Gastonia, NC-SC |
48 |
$78,885 |
|
22 |
Austin-Round Rock, TX |
48 |
$100,175 |
|
22 |
Cincinnati, OH-KY-IN |
48 |
$89,476 |
|
22 |
Indianapolis-Carmel-Anderson, IN |
48 |
$85,875 |
|
22 |
Cleveland-Elyria, OH |
48 |
$82,199 |
|
22 |
San Jose-Sunnyvale-Santa Clara, CA |
48 |
$153,443 |
|
22 |
Nashville-Davidson-Murfreesboro-Franklin, TN |
48 |
$87,850 |
|
37 |
San Diego-Chula Vista-Carlsbad, CA |
49 |
$113,413 |
|
37 |
San Antonio-New Braunfels, TX |
49 |
$75,496 |
|
37 |
Portland-Vancouver-Hillsboro, OR-WA |
49 |
$98,139 |
|
37 |
Sacramento-Roseville-Folsom, CA |
49 |
$92,686 |
|
37 |
Oklahoma City, OK |
49 |
$70,499 |
|
37 |
Memphis, TN-MS-AR |
49 |
$69,819 |
|
37 |
New Orleans-Metairie, LA |
49 |
$70,548 |
|
37 |
Hartford-East Hartford-Middletown, CT |
49 |
$100,641 |
|
45 |
Phoenix-Mesa-Chandler, AZ |
51 |
$77,249 |
|
45 |
Las Vegas-Henderson-Paradise, NV |
51 |
$72,815 |
|
45 |
Jacksonville, FL |
51 |
$69,651 |
|
48 |
Miami-Fort Lauderdale-West Palm Beach, FL |
52 |
$74,717 |
|
49 |
Orlando-Kissimmee-Sanford, FL |
53 |
$67,715 |
|
50 |
Tampa-St. Petersburg-Clearwater, FL |
54 |
$63,018 |
The 50 Biggest Metro Areas in the U.S. and the Average Age and Income of Home Buyers and Home Sellers, Ranked by Population Size
|
Average Income of Home Buyer |
Average Age of Home Buyer |
Metro Areas |
Average Age of Home Seller |
Average Income of Home Seller |
|
$121,786 |
41 |
New York-Newark-Jersey City, NY-NJ |
48 |
$121,768 |
|
$128,883 |
42 |
Los Angeles-Long Beach-Anaheim, CA |
48 |
$108,165 |
|
$103,704 |
40 |
Chicago-Naperville-Elgin, IL |
46 |
$93,230 |
|
$104,249 |
40 |
Dallas-Fort Worth-Arlington, TX |
48 |
$97,095 |
|
$110,558 |
41 |
Houston-The Woodlands-Sugar Land, TX |
48 |
$90,279 |
|
$133,242 |
40 |
Washington-Arlington-Alexandria, DC-VA |
47 |
$130,870 |
|
$101,620 |
39 |
Philadelphia-Camden-Wilmington, PA-NJ-DE |
48 |
$99,977 |
|
$80,899 |
51 |
Miami-Fort Lauderdale-West Palm Beach, FL |
52 |
$74,717 |
|
$94,126 |
43 |
Atlanta-Sandy Springs-Alpharetta, GA |
47 |
$83,219 |
|
$133,165 |
40 |
Boston-Cambridge-Newton, MA |
47 |
$126,121 |
|
$85,522 |
51 |
Phoenix-Mesa-Chandler, AZ |
51 |
$77,249 |
|
$199,147 |
40 |
San Francisco-Oakland-Berkeley, CA |
48 |
$142,809 |
|
$91,296 |
47 |
Riverside-San Bernardino-Ontario, CA |
48 |
$77,602 |
|
$77,879 |
41 |
Detroit-Warren-Dearborn, MI |
47 |
$70,874 |
|
$125,848 |
40 |
Seattle-Tacoma-Bellevue, WA |
47 |
$113,319 |
|
$105,486 |
40 |
Minneapolis-St. Paul-Bloomington, MN |
44 |
$99,293 |
|
$125,156 |
45 |
San Diego-Chula Vista-Carlsbad, CA |
49 |
$113,413 |
|
$70,237 |
53 |
Tampa-St. Petersburg-Clearwater, FL |
54 |
$63,018 |
|
$110,209 |
39 |
Denver-Aurora-Lakewood, CO |
47 |
$97,536 |
|
$107,329 |
39 |
Baltimore-Columbia-Towson, MD |
47 |
$111,729 |
|
$86,171 |
39 |
St. Louis, MO |
48 |
$82,665 |
|
$82,892 |
51 |
Orlando-Kissimmee-Sanford, FL |
53 |
$67,715 |
|
$97,991 |
40 |
Charlotte-Concord-Gastonia, NC |
48 |
$78,885 |
|
$96,192 |
41 |
San Antonio-New Braunfels, TX |
49 |
$75,496 |
|
$109,595 |
44 |
Portland-Vancouver-Hillsboro, OR-WA |
49 |
$98,139 |
|
$111,646 |
43 |
Sacramento-Roseville-Folsom, CA |
49 |
$92,686 |
|
$89,351 |
38 |
Pittsburgh, PA |
45 |
$80,576 |
|
$113,631 |
39 |
Austin-Round Rock, TX |
48 |
$100,175 |
|
$86,106 |
50 |
Las Vegas-Henderson-Paradise, NV |
51 |
$72,815 |
|
$86,569 |
39 |
Cincinnati, OH |
48 |
$89,476 |
|
$88,373 |
40 |
Kansas City, MO-KS |
46 |
$83,727 |
|
$100,846 |
39 |
Columbus, OH |
45 |
$85,220 |
|
$79,282 |
38 |
Indianapolis-Carmel-Anderson, IN |
48 |
$85,875 |
|
$87,139 |
40 |
Cleveland-Elyria, OH |
48 |
$82,199 |
|
$228,244 |
37 |
San Jose-Sunnyvale-Santa Clara, CA |
48 |
$153,443 |
|
$92,691 |
39 |
Nashville-Davidson-Murfreesboro-Franklin, TN |
48 |
$87,850 |
|
$86,643 |
38 |
Virginia Beach-Norfolk-Newport News, VA |
47 |
$92,529 |
|
$91,993 |
41 |
Providence-Warwick, RI |
47 |
$98,048 |
|
$83,473 |
43 |
Jacksonville, FL |
51 |
$69,651 |
|
$87,192 |
38 |
Milwaukee-Waukesha, WI |
45 |
$95,533 |
|
$86,962 |
37 |
Oklahoma City, OK |
49 |
$70,499 |
|
$108,437 |
43 |
Raleigh-Cary, NC |
47 |
$94,206 |
|
$79,631 |
40 |
Memphis, TN |
49 |
$69,819 |
|
$97,456 |
40 |
Richmond, VA |
47 |
$98,442 |
|
$79,773 |
42 |
Louisville/Jefferson County, KY |
46 |
$83,752 |
|
$76,257 |
45 |
New Orleans-Metairie, LA |
49 |
$70,548 |
|
$94,054 |
38 |
Salt Lake City, UT |
44 |
$87,136 |
|
$97,726 |
39 |
Hartford-East Hartford-Middletown, CT |
49 |
$100,641 |
|
$78,632 |
35 |
Buffalo-Cheektowaga-Niagara Falls, NY |
45 |
$76,531 |
|
$71,919 |
42 |
Birmingham-Hoover, AL |
47 |
$74,591 |
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