“The Age of the Typical Homebuyer is Rising: CSO Report on Mortgage and Non-Mortgage Transactions 2021”

The age of the typical home buyer in the United States is shifting, and for the first time in history, the typical home buyer age range has shifted to 35 to 40 years old. This shift has important implications for the housing industry, as the needs and preferences of this demographic are markedly different from those of previous generations. In this article, we will explore the reasons behind this shift, as well as the impact it is having on the housing market and the broader economy. We will also discuss what this means for prospective homebuyers who fall within this age range, and offer advice and insights for those who are looking to enter the housing market.


According to new figures from the Central Statistics Office (CSO), the average age of homebuyers in Ireland has increased from 35 in 2010 to 39 in 2021. The CSO report, ‘Characteristics of Residential Property Purchasers – Estimates of Mortgage and Non-Mortgage Transactions 2021’, shows that buyers using a mortgage had a median age of 37, while cash buyers had a median age of 47. Kerry had the highest median age of mortgage purchasers at 40, while Kildare and Meath had the lowest at 35. Those buying with a mortgage also paid more for their homes, with a typical income of €79,200 in 2021. The proportion of homes purchased with a mortgage fell from 65% in 2019 to 63% in 2021, with South Dublin having the highest proportion of mortgaged transactions at 77%. House prices in Ireland rose by 8.7% in 2021, almost three times the eurozone average.


In conclusion, the age of the typical home buyer across the country has shifted to 35 to 40 years old, with a combination of factors contributing to this change. As millennials continue to reach their late 30s, they are starting to settle down and invest in homeownership, seeking stability and long-term financial security. Additionally, low mortgage rates and an increase in remote work opportunities have also made homeownership more accessible and desirable for this age group. Whether you’re a first-time buyer or looking to upgrade your home, understanding the trends in the housing market can help you make informed decisions. With the age of the typical home buyer on the rise, it’s clear that homeownership continues to be a top priority for many Americans.