Homeowners in the 50 largest U.S. metropolitan areas average about 51 years old, with metro averages ranging from 48.09 to 54.60 years. Los Angeles records the highest average homeowner age at 54.60. California and Florida account for many of the metros with the oldest homeowners, potentially reflecting warmer climates and robust healthcare services. Housing costs remain high in expensive markets; the median monthly housing cost with a mortgage in Los Angeles is $3,176. California contains eight of the ten metros with the nation's highest median sales prices, underscoring strong demand and elevated home values.
The homeownership landscape in America is evolving, with the average homeowner in the 50 largest metropolitan areas now around 51 years old, signaling a trend of purchasing first homes later in life due to affordability challenges. LendingTree's analysis of U.S. Census Bureau data revealed insights into homeowner ages, housing costs, and geographic trends across major metros, emphasizing the financial implications of owning a home, especially in markets like Los Angeles, CA.
The average homeowner ages range from 48.09 to 54.60 across major metros, with Los Angeles having the highest average age of 54.60. California and Florida dominate the list of metros with the oldest homeowners, possibly due to warmer climates and strong healthcare services. High housing costs are prevalent in cities like Los Angeles, where the median monthly housing cost with a mortgage is $3,176.
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