Ask The Expert: Average Age Of First Time Home Buyers Skyrocketing?
Change is constant. That is especially true when it comes to real estate, and, in particular, the average age of first-time home buyers.
VFL Real Estate owner Steven Hensley offered his perspective on the huge shift in average age of first-time home buyers over the last several years in today’s ‘Ask The Expert’ series.
More than thirty years ago, the average age of a first-time home buyer was 28-years-old. In 2021 the average age was 32-years-old, so an increase of four years in a 30-year span. Today in 2025, that number went up to 40-years-old, which comes out to eight years in only a four-year time period. “That’s a scary number,” Steven points out when discussing the data.
One of the reasons this is happening from Steven’s vantage point is that the huge corporations are buying up single-family homes. Interestingly enough, what these large corporations are doing is not buying up the homes to flip them but instead buying them, keeping them and renting them out.
Steven also shares his personal experiences with these corporations in past listings right here in Knoxville.
There are other components to this as well, particularly the builders. Instead of taking less on home what Steven has found is that they are offering buyer incentives.
Steven has also seen homes in Knoxville double in value since 2019. So, oftentimes homeowners today cannot even afford to re-buy their current home with today’s prices and interest rates.
Watch the full video below to get all of Steven’s elite insight into the Knoxville real estate market and beyond.
