The average age of first-time homebuyers is now 36, up from 33 in 2022

The average age of first-time homebuyers is now 36, up from 33 in 2022, per Bankrate.

The average net worth of Americans under age 35 was $76,300, compared to $436,200 for those aged 35 to 44.

American millennials' average net worth sits at about $127,793, per BI.

The typical US millennial makes between about $52,000 and $62,000.

Meanwhile, The number of millennials that aren't looking to buy homes and plan to rent forever has increased. Three years ago, the number was just one in seven, but now, it is nearly one in four.

This came from a survey by Apartment List, which showed how millennial renters became the minority. The number has almost doubled from the 13% in 2010 to 24% in 2022.

Here are the reasons why millennials said they would rent forever.

• Millennials that said they couldn't afford a home increased from 69% in 2018 to 74% in 2022.
• Millennials who preferred flexibility increased from 42% in 2018 to 27% in 2022.
• Millennials that wanted to avoid home maintenance and other costs increased from 36% in 2018 to 26% in 2022.
• Millennials that thought buying a home was financially risky increased from 29% in 2018 to 19% in 2022.
  
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