Millennials Buying Homes File

: The median first-time homebuyer age has reached a historic high of 40.

Millennials (born 1981–1996) are currently the dominant force in the housing market, making up approximately . While they are entering homeownership later than previous generations—with the median age for first-time buyers hitting 40 in 2025—they are redefining the process through technology and creative financing. Market Dynamics and Affordability Challenges millennials buying homes

: Affordability varies wildly by location. While major hubs like Los Angeles or Northern Virginia see average prices between $750,000 and $870,000 , markets in the Midwest and Central Virginia remain much more attainable. : The median first-time homebuyer age has reached

To bypass high costs, millennials are adopting non-traditional ownership models: 000 and $870