LendingTree Compares Average Homeowner Age Across U.S.

Released  November 19, 2018
By Megan Greuling
https://www.lendingtree.com/2018/11/average-homeowner-age-across-us/

CHARLOTTE, N.C., Nov. 19, 2018 /PRNewswire/ — LendingTree®, the nation's leading online loan marketplace, released its report on the average homeowner age across the U.S. Using data from the U.S. Census Bureau's American Community Survey, LendingTree ranked the 100 largest metropolitan areas by average homeowner age. 

"It's no secret that young and old people gravitate toward different parts of the country," said Tendayi Kapfidze, Chief Economist at LendingTree. "Florida is a well-known haven for retirees, while places such as San Francisco and Austin, Texas, have emerged as millennial boomtowns over the past few years. As a result, the average age of a homeowner varies by location."

Key findings

  • The average age of a homeowner across the 100 largest metropolitan areas in the United States is 54. Only two metros in the 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.
  • Homeowners in cities in Utah are among the youngest in the country. 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.

Metropolitan areas in America with the highest average homeowner age

North Port, Fla.
Average homeowner age: 63.3

Cape Coral, Fla.
Average homeowner age: 61.5

Deltona, Fla.
Average homeowner age: 60.2

Metropolitan areas in America with the lowest average homeowner age

Provo
Average homeowner age: 47.3

Ogden
Average homeowner age: 49.4

Salt Lake City
Average homeowner age: 50.1

To view the full report, visit https://www.lendingtree.com/home/mortgage/average-homeowner-age-across-100-largest-u-s-metropolitan-areas/.   
 

Top 100 Metro Areas Ranked by Average Homeowner Age
Rank Metro Average age, 
occupied 
housing units		 Average age, 
renter-occupied 
housing units		 Average age, 
owner-occupied 
housing units		 Average age 
by MSA
1 North Port, Fla. 59 48.2 63.3 47.6
2 Cape Coral, Fla. 56.5 45.4 61.5 45.2
3 Deltona, Fla. 55.8 45 60.2 44.7
4 Palm Bay, Fla. 55.3 44.7 59.5 44.3
5 Lakeland, Fla. 53.5 42.8 58.5 40.6
6 Honolulu 50.8 41.8 58.1 39.2
7 Tampa, Fla. 52 42.2 57.6 41.5
8 Miami 52 44 57.4 40.6
9 Tucson, Ariz. 50.3 40.1 56.7 39.7
10 Scranton, Pa. 53.1 45.9 56.4 41.9
11 Oxnard, Calif. 51.5 43.4 56.2 38.1
12 Cleveland 51.4 43.3 55.8 40.6
13 Los Angeles 48.8 42.4 55.7 37.4
14 Springfield, Mass. 51.2 43.5 55.7 39.2
15 Dayton, Ohio 50.3 41.2 55.7 39.9
16 New York 50.4 44.8 55.7 38.9
17 New Haven, Conn. 51.2 43.9 55.6 40
18 Pittsburgh 52.1 44.1 55.6 42
19 San Francisco 49.3 41.9 55.6 39.4
20 Buffalo, N.Y. 51.3 43 55.5 40.7
21 Bridgeport, Conn. 51.7 44 55.4 39.2
22 San Diego 47.9 39.5 55.4 37.4
23 Knoxville, Tenn. 50.7 40.4 55.4 40.4
24 Winston, N.C. 50.7 41.5 55.2 39.7
25 Allentown, Pa. 52 44.6 55.1 40.6
26 Providence, R.I. 50.9 44.6 55.1 40.2
27 Akron, Ohio 50.3 41.1 55 40.1
28 Greensboro, N.C. 49.6 40.7 54.9 38.9
29 Chattanooga, Tenn. 50.7 42 54.9 40
30 Albany, N.Y. 50.4 42.3 54.9 40
31 Syracuse, N.Y. 50.8 42.6 54.8 39.5
32 Hartford, Conn. 51.2 44.1 54.8 40.2
33 Spokane, Wash. 49.5 40.3 54.7 39.3
34 Sacramento, Calif. 49.1 41.1 54.7 38.2
35 New Orleans 49.1 40.3 54.7 38.6
36 Rochester, N.Y. 50.7 42.7 54.6 40
37 Jacksonville, Fla. 49.2 39.5 54.6 38.7
38 Orlando, Fla. 48.3 38.9 54.6 38.1
39 Augusta, Ga. 49.6 39.7 54.5 38.3
40 Harrisburg, Pa. 50.7 42.6 54.5 40.2
41 Toledo, Ohio 48.8 39.2 54.5 38.6
42 Boston 49.9 42.7 54.4 39.3
43 Greenville, S.C. 49.7 40.1 54.3 38.9
44 Phoenix 48.6 39.5 54.3 37.6
45 Detroit 50.9 43.4 54.3 39.5
46 Philadelphia 50.5 42.6 54.3 39.1
47 San Jose, Calif. 48.2 40.2 54.3 37.6
48 Richmond, Va. 49.4 40.5 54.2 38.8
49 Virginia Beach, Va. 48 38.5 54.1 37.6
50 Albuquerque, N.M. 49.3 39.8 54.1 38.5
51 Fresno, Calif. 47.5 40.3 54.1 34.6
52 Memphis, Tenn. 48.2 39.3 54 36.9
53 Birmingham, Ala. 49.7 40.2 54 38.8
54 Worcester, Mass. 50.7 44.4 53.9 39.5
55 Riverside, Calif. 49.1 41.3 53.9 35.8
56 Jackson, Miss. 48.9 39 53.8 37.2
57 Baltimore 49.8 42.1 53.8 38.9
58 Durham, N.C. 47.3 37.8 53.8 38
59 Louisville, Ky. 49.5 41.1 53.8 39.1
60 St. Louis 49.9 41.3 53.7 39.3
61 Milwaukee 48.8 41.5 53.6 38.4
62 Stockton, Calif. 48.4 41.8 53.6 35.7
63 Columbia, S.C. 48.2 37.4 53.5 37.7
64 Las Vegas 47.9 41.7 53.5 37.7
65 San Antonio 47.8 38.6 53.5 36.3
66 Chicago 48.9 40.6 53.5 37.7
67 Tulsa, Okla. 48.6 39.7 53.4 37.9
68 Portland, Ore. 48.4 40.7 53.4 38.4
69 Little Rock, Ark. 48.1 38.7 53.3 37.8
70 Charleston, S.C. 47.8 37.8 53.2 38
71 Cincinnati 48.9 40.6 53.2 38.3
72 Wichita, Kan. 48.4 40 52.9 37.3
73 El Paso, Texas 47.5 39 52.8 34.7
74 Seattle 47.1 39.1 52.6 38
75 Kansas City, Mo. 48.2 40.4 52.4 37.9
76 Washington 47.7 39.7 52.4 37.3
77 Charlotte, N.C. 47.9 39.4 52.4 37.4
78 Colorado Springs, Colo. 46.4 36.3 52.3 36.4
79 Madison, Wis. 46 36.1 52.3 37.8
80 Boise City, Idaho 48 39 52.2 36.9
81 Oklahoma City 47.1 38.1 52.2 36.8
82 Baton Rouge, La. 47.4 37.2 52.2 36.9
83 Columbus, Ohio 46.8 38.5 52.1 37
84 Bakersfield, Calif. 46.7 39.4 52.1 33.9
85 Grand Rapids, Mich. 48.4 39 52.1 37.3
86 Indianapolis 47.5 39.3 52 37.2
87 Nashville, Tenn. 47.2 38.2 52 37.3
88 Atlanta 47.1 38.9 51.9 36.4
89 Dallas 46 37.7 51.6 35.6
90 Denver 46.6 38.2 51.5 37.3
91 Houston 46 37.9 51.3 35.1
92 McAllen, Texas 47.4 38.9 51.3 32.3
93 Minneapolis 47.9 40.2 51.2 37.6
94 Omaha, Neb. 47 39.1 51.2 36.8
95 Raleigh, N.C. 46.4 38.7 50.6 36.4
96 Austin, Texas 44 34.9 50.6 35.4
97 Des Moines, Iowa 46.7 38.5 50.4 36.8
98 Salt Lake City 45.6 36.6 50.1 34.1
99 Ogden, Utah 46.3 37.2 49.4 33.5
100 Provo, Utah 41.9 30.6 47.3 29.2
 

About LendingTree
LendingTree (NASDAQ:  TREE) is the nation's leading online marketplace that connects consumers with the choices they need to be confident in their financial decisions. LendingTree empowers consumers to shop for financial services the same way they would shop for airline tickets or hotel stays, comparing multiple offers from a nationwide network of over 500 partners in one simple search, and can choose the option that best fits their financial needs. Services include mortgage loans, mortgage refinances, auto loans, personal loans, business loans, student refinances, credit cards and more. Through the My LendingTree platform, consumers receive free credit scores, credit monitoring and recommendations to improve credit health. My LendingTree proactively compares consumers' credit accounts against offers on our network, and notifies consumers when there is an opportunity to save money. In short, LendingTree's purpose is to help simplify financial decisions for life's meaningful moments through choice, education and support. LendingTree, LLC is a subsidiary of LendingTree, Inc. For more information, go to www.lendingtree.com, dial 800-555-TREE, like our Facebook page and/or follow us on Twitter @LendingTree.