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Top Metro Areas by 65+ Homeowner Concentration
Percentage of households aged 65 and older in selected US metros.
Primary Sources
15 Cities Where Retirees 65 and up Dominate the Housing Market ...
Baby boomers own a third of America's homes. Here are the 15 metro areas they dominate. By Jordan Pandy You're currently following this author! Want to unfollow? Unsubscribe via the link in your email. A residential neighborhood and golf course in Florida. Michael Warren/Getty Images 2026-05-02T09:32:01.294Z People aged 65 and older own 34.1% of US homes, according to Census data. As expected, areas with warmer temperatures have higher shares of older homeowners. Florida leads in the number of metros with a high share of homeowners aged 65 and older. Even as millennials and Gen Z buyers get a taste of homeownership, older generations still make up a large share of property owners.Data from the latest American Community Survey from the US Census shows that people 65 and older own 34.1% of all owner-occupied housing units in the US. The Census also found that the same group — an estimated 61.2 million people — has a homeownership rate of 78.6%.An analysis of Census data by the National Association of Home Builders mapped out where homeowners 65 years and older own the largest share."Given the outsized share of homes occupied by baby boomers, the release of this housing stock will have a significant effect on housing markets," the report said. "However, the effect across regional markets will vary greatly depending on the prevalence of aging householders, migration patterns, and the severity of affordability constraints."Florida, unsurprisingly, has the most metro areas with 65-plus-year-old homeowners, anchored by warm weather and retirement communities like The Villages.Save for Barnstable, Massachusetts, every metro listed is in a warm area. So if you're looking to buy a home in one of these areas, prepare to live next door to someone of retirement age. Read on to see what areas are packed with older homeowners.Population and median age were cited from Census Reporter, an independent website that uses data from the American Community Survey. 15. Sierra Vista-Douglas, AZ metro area Douglas, Arizona. DenisTangneyJr/Getty Images Share of households 65 and older: 41.0%Population: 125,773Median age: 42.8 14. Port St. Lucie, FL metro area Port St. Lucie, Florida. felixmizioznikov/Getty Images Share of households 65 and older: 41.0%Population: 556,336Median age: 47.4 13. Cape Coral-Fort Myers, FL metro area Fort Myers, Florida. peeterv/Getty Images Share of households 65 and older: 41.9%Population: 860,959Median age: 48.4 12. Santa Fe, NM met...
Home Buyer Statistics by Age: Gen Z, Millennials, Gen X & Boomers (2025)
Generational Home Buyer Data You Can Use For ResearchThis Homebuyer.com study reports on home buyer data from more than 11 million mortgage applications last year, revealing the behaviors and choices of U.S. home buyers by generation.It's Part Three of our comprehensive housing study, which also includes in-depth mortgage statistics and HMDA statistics studies.This study tracks home buyer statistics across six distinct age groups:Gen Z Home Buyers (Ages 18-24)Early Millennial Home Buyers (Ages 25-34)Late Millennial Home Buyers (Ages 35-44)Generation X Home Buyers (Ages 45-54)Early Baby Boomer Home Buyers (Ages 55-64)Late Baby Boomer Home Buyers (Ages 65-74)Data points include starting principal balance, purchase price, down payment amount, mortgage loan type, race, geographic preferences, and relative household income. Use our home affordability calculator to estimate what you can afford based on your age and income level.Our methodology is shown at the bottom of this study.Key TakeawaysEarly Millennials (ages 25-34) bought 953,267 homes in 2024 - more than any other age groupGen Z buyers used FHA mortgages at the highest rate (29.54%)Late Millennials bought the most expensive homes at $556,897 averageDown payments climb with age - Gen Z averaged 7.97% while Late Baby Boomers averaged 27.27%Generation X earned the highest household income at $175,842 averageQuick Reference: Compare All Age GroupsThese tables provide a snapshot comparison of home buying patterns across all generational groups. Use these quick reference tables to see how different age groups compare on key metrics before diving into detailed statistics for each generation.Key FindingEarly Millennials (ages 25-34) bought 953,267 homes in 2024, more than any other age group.Source: Homebuyer.comBasic Statistics by Age GroupThis table compares average income, loan size, purchase price, and other fundamental metrics across all age groups. Older generations tend to have higher incomes and larger loan amounts, while younger buyers make up the majority of first-time home buyers.Home Buyer Statistics by Age GroupComparison of average income, loan size, purchase price, and loan-to-value ratio across all age groups.Age GroupAvg Purchase PriceAvg Down PaymentAvg Loan SizeAvg IncomePurchase Mortgage Count1-Year Change20%50% Home Buyer Statistics by Age Group (2024) Age Group Avg Purchase Price Down Payment % Avg Loan Size Avg Income Mortgages <25 $276,312 7.97% $249,761 $94,396 192...
Home prices are dropping in one-third of US cities. Here's where.
8 hours ago ... Cities in Florida and California, where home prices soared during the pandemic, saw some of the steepest declines in property values.
Boomers Own a Third of the Housing Stock—Here's Where
As baby boomers and older Americans age and begin to downsize, some cities are poised to see new housing become available to younger generations.
