Millennials | Buying Homes

Millennials (born 1981–1996) are currently the dominant force in the housing market, making up approximately . While they are entering homeownership later than previous generations—with the median age for first-time buyers hitting 40 in 2025—they are redefining the process through technology and creative financing. Market Dynamics and Affordability Challenges

: Baby Boomers currently own 28% of the nation's large homes, often with fully paid-off mortgages, leading to a significant mismatch as young families with children only own 16% of these properties.

To bypass high costs, millennials are adopting non-traditional ownership models: