Recent Home Buyers -- General Characteristics statistics



CHARACTERISTIC	Unit	1976	1980	1981	1982	1983	1984	1985	1986	1987	1988	1989	1990	1991	1992	1993	1994	1995	1996	1997	1998	1999


Median purchase price	Dollars	43,340	68,714	78,220	82,500	90,000	89,400	90,400	93,680	99,260	121,910	129,800	131,200	134,300	141,000	141,900	145,400	147,700	153,200	159,700	167,900	175,400
First-time buyers	Dollars	37,670	61,450	63,180	58,900	73,100	81,500	75,100	74,700	84,730	97,100	105,200	106,000	118,700	122,400	121,100	125,000	128,300	130,100	135,400	142,200	150,300
Repeat buyers ¹	Dollars	50,090	75,750	82,220	98,300	101,800	100,400	106,200	114,860	115,430	141,400	144,700	149,400	152,500	158,000	159,600	163,500	164,300	170,700	178,700	189,800	195,700
Average monthly
mortgage payment	Dollars	329	599	694	732	794	868	896	852	939	1,008	1,054	1,127	1,144	1,064	1,015	1,028	1,062	1,087	1,114	1,212	1,240
Percent of income	Percent	24.0	32.4	35.5	33.0	32.5	30.3	30.0	28.6	29.3	32.8	31.8	33.8	34.0	33.2	31.5	31.4	32.6	32.6	32.8	32.3	32.3

Percent buying--
New houses	Percent	15.1	22.4	25.2	23.2	26.4	22.3	23.8	25.7	23.8	26.2	21.8	21.2	19.7	20.5	22.3	22.0	21.5	22.7	20.9	21.2	22.7
Existing houses	Percent	84.9	77.6	74.8	76.8	73.6	77.7	76.2	74.3	76.2	73.8	78.2	78.8	80.3	79.5	77.7	78.0	78.5	77.3	79.1	78.8	77.3
Single-family houses	Percent	88.8	82.4	78.3	76.6	87.8	89.9	87.0	85.1	87.3	83.3	84.8	83.8	85.3	85.0	84.2	83.9	83.1	82.6	81.6	82.3	83.0
Other houses ²	Percent	11.2	17.6	21.7	23.4	12.2	10.1	13.0	14.9	12.7	16.7	15.2	16.2	14.7	15.0	15.8	16.1	16.9	17.4	18.4	17.7	17.0
For the first time	Percent	44.8	32.9	39.4	40.6	40.5	37.7	36.6	35.5	36.8	37.8	40.2	41.9	45.1	47.7	46.0	47.1	46.2	44.7	46.8	46.2	44.7

Average age:
First-time buyers	Years	28.1	28.3	28.4	28.6	28.9	29.1	28.4	30.9	29.6	30.3	29.6	30.5	30.7	31.0	31.6	31.6	32.1	32.4	32.1	32.2	32.0
Repeat buyers ¹	Years	35.9	36.4	36.4	37.1	37.3	37.8	38.4	39.5	39.1	38.9	39.4	39.1	39.8	40.8	41.0	41.7	40.7	41.1	41.1	41.1	41.4
Downpayment/sales price	Percent	25.2	28.0	24.1	22.4	22.9	20.9	24.8	23.4	27.2	24.0	24.4	23.3	22.6	21.4	20.2	20.2	20.4	19.5	20.3	19.3	19.5
First-time buyers	Percent	18.0	20.5	19.4	15.1	15.7	13.2	11.4	13.4	20.4	14.6	15.8	15.7	14.7	14.3	14.0	13.7	13.3	12.4	13.7	12.8	12.6
Repeat buyers ¹	Percent	30.8	32.7	27.1	27.3	27.8	25.6	32.7	28.9	31.3	29.7	30.3	28.9	29.1	28.0	25.4	26.1	26.8	25.3	26.1	24.9	25.5

https://allcountries.org/uscensus/1206_recent_home_buyers_general_characteristics.html

These tables are based on figures supplied by the United States Census Bureau, U.S. Department of Commerce and are subject to revision by the Census Bureau.

Copyright � 2019 Photius Coutsoukis and Information Technology Associates, all rights reserved.

1206. Recent Home Buyers -- General Characteristics