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                  Characteristics of Home Buyers

â—‹ First-time buyers made up 31 percent of all home buyers, the same as last year. Eighty-two percent of buyers 22 to 30 years and 48 percent of buyers 31 to 40 years were first-time home buyers. Behind these groups, 22 percent of buyers 40 to 54 years were also first-time home buyers.

â—‹ At 24 percent, buyers 41 to 50 made up the largest generational group of buyers, with a median age of 47, followed by buyers 31 to 40 at 23 percent, who have a median age of 34.

â—‹ Buyers between the ages of 40 to 54 had the highest household incomes of any generation at $113,300 in 2019, followed by buyers between 30 to 39 that had a median income of $105,600.

â—‹ Sixty-two percent of recent buyers were married couples, 18 percent were single females, nine percent were single males, and nine percent were unmarried couples. The highest percentage of single female buyers was in the 66 to 74 age group at 22 percent. The highest share of unmarried couples were in the 22 to 30 age group at 20 percent.

â—‹ Thirty-three percent of all buyers had children under the age of 18 living at home. Sixty-one percent of buyers between 31 to 40 years had at least one child under the age of 18 residing in the home.