Homeowners are getting older. Provo and Ogden, Utah, are
the only two metros of 100 analyzed that had an average homeowner age below 50 years old, finds a new study by LendingTree, an online loan marketplace.
LendingTree sought to find out which metro areas had the oldest and youngest homeowners.
The average age of a homeowner across the 100 largest metros in the U.S. is 54.
Florida homeowners are older than homeowners in most other states, according to the study. Seven of the top 10 metro areas with the highest average homeowner age were in Florida.
On the other hand, Homeowners in cities in Utah are among the youngest in the country.
The lowest average age for homeowners were in Utah metro areas like Provo (average age is 41.9), Ogden (46.3), and Salt Lake City (45.6).
The following chart ranks the metros from oldest to youngest homeowners.
Key findings
Out of the top 10 metropolitan areas with the lowest average age for homeowners, metropolitan areas in Utah — Provo, Ogden and Salt Lake City — held the top three spots.
The average age of a homeowner across the 100 largest metropolitan areas in the United States is 54. Only two metros in our analysis — Provo and Ogden, Utah — have an average homeowner age below 50.
Homeowners in Florida are older than homeowners in most other states. Seven out of the top 10 metropolitan areas with the highest average homeowner age were in Florida.
Not quite ready to buy a home? You may qualify for the Lease with a Right to Purchase program. Call me and I'll give you the details on how you may qualify to get into the home you want, get settled and then purchase it when you are ready! If you prefer a more personal touch, CALL 801-809-9866 today.
#LeasePurchase #UtahRealEstate #Homeownership
The average age of a homeowner across the 100 largest metros in the U.S. is 54.
Florida homeowners are older than homeowners in most other states, according to the study. Seven of the top 10 metro areas with the highest average homeowner age were in Florida.
On the other hand, Homeowners in cities in Utah are among the youngest in the country.
The lowest average age for homeowners were in Utah metro areas like Provo (average age is 41.9), Ogden (46.3), and Salt Lake City (45.6).
The following chart ranks the metros from oldest to youngest homeowners.
Key findingsOut of the top 10 metropolitan areas with the lowest average age for homeowners, metropolitan areas in Utah — Provo, Ogden and Salt Lake City — held the top three spots.
The average age of a homeowner across the 100 largest metropolitan areas in the United States is 54. Only two metros in our analysis — Provo and Ogden, Utah — have an average homeowner age below 50.
Homeowners in Florida are older than homeowners in most other states. Seven out of the top 10 metropolitan areas with the highest average homeowner age were in Florida.
We are Ready to Help! When you’re working with real estate professionals like Carriene Porter of Precision Realty & Associates, you’re guaranteed to get the expertise and advice you need.
Not quite ready to buy a home? You may qualify for the Lease with a Right to Purchase program. Call me and I'll give you the details on how you may qualify to get into the home you want, get settled and then purchase it when you are ready! If you prefer a more personal touch, CALL 801-809-9866 today. #LeasePurchase #UtahRealEstate #Homeownership
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