Homeownership doesn’t have an expiration date—and today’s first-time buyers are living proof.

If you’re in your 30s or 40s and still renting, you’re not behind. You’re actually part of a growing trend that reflects how life is evolving for many Americans. The modern path to homeownership looks different than it did decades ago, and that’s not a bad thing—it’s often a smarter, more sustainable approach.

Why First-Time Buyers Are Older Now

Back in the '90s, the average first-time homebuyer was just 31. Fast forward to 2024, and that number has climbed to 38. This shift isn’t random—it mirrors a broader delay in major life milestones. More people are prioritizing career growth, financial stability, and personal goals before settling down. And that’s smart.

Just take a look at these stats:

• Only 33% of 30-year-olds own a home today, compared to 47% in 1984.

• Only 48% have been married by 30, down from 78% in the mid-80s.

• A record-breaking 72% of renters are now over the age of 30.

These numbers show a cultural pivot toward taking time to build a strong foundation before diving into big commitments—like buying a home.

It’s More Expensive to Buy Than Ever

There’s no sugarcoating it: buying a home today requires significantly more income than renting. A recent Redfin report shows that Americans now need an annual income of $116,633 to afford the median-priced home—82% more than what’s needed to comfortably rent.

This gap has been growing:

• 17% difference in 2021

• 54% in 2023

• Now over 80% in 2025

Between higher mortgage rates, rising home prices, and limited inventory, it’s no wonder many are opting to rent longer. But that decision isn’t about delay—it’s about preparation.

Why Buying Later Can Be a Smart Move

More Financial Security
With more time in the workforce, you're likely earning more, have better credit, and a more realistic understanding of what it takes to own a home—including those less-glamorous emergency expenses.

You Know What You Want
By now, you’ve probably learned what you love (and hate) in a living space. That clarity makes you a more intentional buyer, better equipped to find a home that truly fits your lifestyle.

The Market is Evolving With You
Builders and developers are catching on. We’re seeing more homes designed for flexibility, efficiency, and long-term livability—perfect for buyers who’ve waited for the right time, not just any time.

Renting Isn’t a Setback—It’s a Strategy

The old narrative that you must buy a home by a certain age? It’s outdated. Renting into your 30s, 40s, or beyond doesn’t mean you’ve missed out—it often means you’ve been smart about waiting until the timing aligns with your life.

So if you’re wondering whether it’s too late to buy your first home, the answer is simple: it’s not. Your timing is your own—and it might just be perfect.

When you’re ready to take that next step, you’ll bring a level of clarity and confidence that only life experience can offer.

Thinking about finally planting roots in Brevard County? Let’s talk about what’s possible now. Your future home might be closer than you think—don’t wait to find out.

Sources:  John Burns Research & Consulting, Redfin