ORIGINALLY PUBLISHED IN REAL ESTATE WEEKLY
Using U.S. Census data, LendingTree conducted a study of average homeowner ages across the United States in the 50 largest metros and found the average age is 55. Additionally, there was no metro in the study where the average age was less than 50. This high average age is due in part to the numerous obstacles that younger homebuyers must face, from lack of savings to poor credit, the study concluded.
Unsurprisingly the two metros with the oldest homeowners, Miami and Tampa, are both in Florida. The average homeowner age in these two metros is nearly 60.
San Diego, Los Angeles and New York round out the top five metros with the highest average homeowner age. While homeowners in these metros aren’t as…