Buying a Home in Your 20s? Here’s Everything You Need To Know

By Erica Sweeney
​Featured Expertise by Jason Gelios

Buying a home presents a different proposition for people in each stage of life. If you’re 20-something, you probably have a lot on your plate. You may be just out of school, dealing with student loans, and starting your professional career. But if you’re pulling down a steady paycheck, you might also be considering homeownership.
More than 70% of Gen Z—that is, people born after 1997—want to buy a home at some point, according to Realtor.com® research. Of that demographic group, 43% plan to buy a home in the next five years—with 45% of them already saving for that dream home.
“Buying a home in your 20s is ahead of the game,” says Danielle Hale, chief economist of Realtor.com. “The typical first-time homebuyer makes their initial home purchase in their early 30s. But buying a home at an earlier age can help build up equity—the savings in your home—so that you end up with more down the road.”

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