By Teresa Mettela - Realtor.com
August 28, 2025
The face of homeownership in America is getting older. The average homeowner across the country's 50 largest metropolitan areas is about 51 years old, according to a new LendingTree study. That figure highlights a generational shift, as affordability pressures continue to push the dream of buying a first home later into life for many Americans.
LendingTree analyzed 2023 U.S. Census Bureau data for the 50 largest metros to compare homeowner and renter ages, population averages, and housing costs.
The research shows that the average homeowner ages range from 48.09 to 54.60 years across major metros, with Los Angeles topping the list at 54.60, followed closely by San Diego at 53.63, and Miami at 53.38. It's been revealed that 8 of the 10 metros with the oldest homeowners are concentrated in either California or Florida.
Older homeowners might gravitate toward warmer climates and areas with strong health care and social services, according to the study.
Overall, the typical homeowner in these metros pays a median of $2,229 per month on housing costs with a mortgage, underscoring the financial weight that comes with owning a home—particularly in places like Los Angeles, where high prices and long tenures keep the market older.
Read the article:
https://www.realtor.com/news/trends/where-older-buyers-are-moving-california-florida?cid=soc_shares_article_CP
