Economists' Outlook

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Home Buyer Households: Valentine’s Day 2018

Using data from the 2017 Profile of Home Buyers and Sellers we can break down household composition, and the relationship it has to home purchasing choices.

  • Among all recent home buyers, 65 percent were married couples, 18 percent were single females, eight percent were unmarried couples, and seven percent were single males.
  • Three percent of recent buyers identified as gay or lesbian, and one percent identified as bisexual.
  • Among first-time buyers, 57 percent were married couples, and 69 percent of repeat buyers were married couples.
  • Among all home buyers, 83 percent purchased a detached single-family home, seven percent purchased a townhouse/row house, four percent purchased an apartment or condo.
  • Eighty-seven percent of married couples, and 84 percent of unmarried couples purchased a detached single-family home.
  • Married couple buyers were typically 44 years old with a household income of $101,500. They typically purchased a home that was a median of 2,050 sq. ft., for $269,000.
  • Unmarried couple buyers were typically 34 years old with a household income of $84,100. They typically purchased a home that was a median of 1,680 sq. ft., for $201,000.
  • Single female buyers were typically 52 years old with a household income of $62,300. They typically purchased a home that was a median of 1,530 sq. ft., for $185,000.
  • Single male buyers were typically 51 years old with a household income of $74,000. They typically purchased homes that were a median of 1,530 sq. ft., for $175,200.
home buyer demographics

For more information on how relationship status and household composition affects homeownership choices, check out the 2017 Profile of Home Buyers and Sellers.

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