What is the average age of a home buyer in the US?

What is the average age of a home buyer in the US?

• A. 32
• B. 28
• C. 30
• D. 34

Answer: (C)

People who buy homes tend to be in their early 30s. By that age many have established steady careers, saved for a down payment, and are ready to settle down or upgrade to more space, which makes them qualified for mortgages. Because the market includes a mix of first-time buyers and repeat buyers, the overall average sits near 30 years old. So the option representing about 30 years is the best match to typical industry data. Variations like 28 or 32 exist in real life, but 30 is the most representative overall.

People who buy homes tend to be in their early 30s. By that age many have established steady careers, saved for a down payment, and are ready to settle down or upgrade to more space, which makes them qualified for mortgages. Because the market includes a mix of first-time buyers and repeat buyers, the overall average sits near 30 years old. So the option representing about 30 years is the best match to typical industry data. Variations like 28 or 32 exist in real life, but 30 is the most representative overall.