Home Buyers by Metropolitan Statistical Area
NAR created the profile of homebuyers for each metropolitan area. The following reports cover information on demographics and housing characteristics of the purchased homes. These reports respond to who was the typical homebuyer and what homes they typical buy in each of these metropolitan areas. The information provided helps to gain insight about trends of homeownership at local level.
The American Community Survey releases the Public Use Microdata Sample (PUMS) files every year, which include population and housing unit records with individual response information. Focusing on homeowners who moved into their home within the last year, NAR was able to identify characteristics of the homebuyers and their homes at a local level.
Where are people buying homes?
Comparing the number of buyers with the number of all homeowners, NAR identified the top 10 large metropolitan areas with the highest concentration of buyers:
- Colorado Springs, CO (11.1%)
- Las Vegas-Henderson-Paradise, NV (10.8%)
- Cape Coral-Fort Myers, FL (10.6%)
- Phoenix-Mesa-Scottsdale, AZ (10.0%)
- Provo-Orem, UT (9.8%)
- Tucson, AZ (9.3%)
- Boise City, ID (9.2%)
- Tampa-St. Petersburg-Clearwater, FL (9.2%)
- Ogden-Clearfield, UT (9.0%)
- Orlando-Kissimmee-Sanford, FL (8.9%)
The map above shows the share of homebuyers for 382 metropolitan areas.
Profile of Buyers by Metropolitan Area
Based on the NAR’s Home Buyers and Sellers Survey, a typical homebuyer was 46 years old and earned nearly $92,000 in 2017. What is the profile of the buyer in your local area?
Select a metropolitan area from the dropdown below and see the characteristics of the buyers and the purchased homes at your area: