Anatomy of a First-time Buyer
The Average First-time Home Buyer
Is 33 years old
Has a household income of $86,500
Spends a median of $252,000 on the home purchase price
Makes a 7% down payment
Buys a home with an average square footage of 1,640 square feet
37% of first-time home buyers carry student debt, with a typical balance of $30,000
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