Householders aged 30 to 34 were once the nation's first-time homebuyers—defined as the age group in which the homeownership rate first surpasses 50 percent. Nationally, the homeownership rate of the age group fell below 50 percent in 2011 and has been below that level ever since. In the Northeast, South, and West, the homeownership rate of householders aged 30 to 34 slipped below the 50 percent threshold in the aftermath of the Great Recession and has yet to recover. Not so in the Midwest, however, where the homeownership rate of the age group never dipped below 50 percent. Householders aged 30 to 34 are still the region's first-time homebuyers.
Homeownership rate of householders aged 30 to 34 by region, 2018
47.7%: total U.S.
43.0%: Northeast
56.8%: Midwest
47.8%: South
42.4%: West
Source: Census Bureau, Housing Vacancy Survey
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