{"id":990,"date":"2019-03-12T21:03:00","date_gmt":"2019-03-12T21:03:00","guid":{"rendered":"https:\/\/www.realtrends.com\/blog\/2019\/03\/12\/first-time-buyers-earn-30000-more-than-peers-who-didnt-buy-a-home\/"},"modified":"2025-03-13T02:13:06","modified_gmt":"2025-03-13T02:13:06","slug":"first-time-buyers-earn-30000-more-than-peers-who-didnt-buy-a-home","status":"publish","type":"post","link":"https:\/\/www.realtrends.com\/blog\/2019\/03\/12\/first-time-buyers-earn-30000-more-than-peers-who-didnt-buy-a-home\/","title":{"rendered":"First-Time Buyers Earn $30,000 More Than Their Peers Who Didn&#8217;t Buy a Home"},"content":{"rendered":"<h2>For buyers entering the housing market for the first time, the median household income isn&#8217;t enough, according to a new RealEstate.com report.<u><\/u><u><\/u><\/h2>\n<p>Buying a home is one of the most expensive transactions most Americans will make in their life, and breaking into the housing market can be especially difficult for first-time buyers. A new <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2342175-1&amp;h=2186748757&amp;u=https%3A%2F%2Fwww.realestate.com%2Farticles%2Fnews%2Fhow-expensive-of-a-house-can-i-afford&amp;a=RealEstate.com\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/c212.net\/c\/link\/?t%3D0%26l%3Den%26o%3D2342175-1%26h%3D2186748757%26u%3Dhttps%253A%252F%252Fwww.realestate.com%252Farticles%252Fnews%252Fhow-expensive-of-a-house-can-i-afford%26a%3DRealEstate.com&amp;source=gmail&amp;ust=1547133715888000&amp;usg=AFQjCNHFFxPcJ8RyKh7WfxZoVyzHXTp6jg\">RealEstate.com<\/a> analysis finds that the typical first-time buyer earns more than the median household income, helping them afford to buy a home. <u><\/u><u><\/u><\/p>\n<p><!--more--><\/p>\n<p>The median income for a first-time buyer is $72,500, compared with the national median household income of $60,700. The difference in income for first-time buyers is more pronounced when compared with their peers who didn&#8217;t buy, who have a median income of $42,500, according to the <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2342175-1&amp;h=4126099450&amp;u=https%3A%2F%2Fwww.zillow.com%2Freport%2F2018%2F&amp;a=2018+Zillow%C2%AE+Group+Report+on+Consumer+Housing+Trends\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/c212.net\/c\/link\/?t%3D0%26l%3Den%26o%3D2342175-1%26h%3D4126099450%26u%3Dhttps%253A%252F%252Fwww.zillow.com%252Freport%252F2018%252F%26a%3D2018%2BZillow%25C2%25AE%2BGroup%2BReport%2Bon%2BConsumer%2BHousing%2BTrends&amp;source=gmail&amp;ust=1547133715888000&amp;usg=AFQjCNE3T1s7rMllHw0jBhqDQoZbagkLbw\">2018 Zillow\u00ae Group Report on Consumer Housing Trends<\/a>.<u><\/u><u><\/u><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-56199 size-full\" src=\"https:\/\/www.realtrends.com\/blog\/wp-content\/uploads\/sites\/9\/2021\/01\/family.jpg\" alt=\"\" width=\"5616\" height=\"3744\"><\/p>\n<p>Most buyers rely on savings to finance a down payment, but the second-highest source for a down payment comes from the proceeds from a previous home sale<sup>i<\/sup>. Buyers entering the market for the first time don&#8217;t have this resource, though, so a higher income helps them set aside enough for a down payment. <u><\/u><u><\/u><\/p>\n<p>First-time home buyers tend to put down slightly smaller down payments, with a median down payment of 14.5 percent of a home&#8217;s price, rather than the traditional 20 percent down payment. By comparison, 58 percent of repeat buyers put down at least 20 percent<sup>ii<\/sup>. With this smaller down payment, first-time buyers earning the median income could afford to buy a $338,000 home, meaning they could buy about 68 percent of available homes<sup>iii<\/sup>. <u><\/u><u><\/u><\/p>\n<p>&#8220;Buying a home, especially for the first time, is a major step in a lot of people&#8217;s lives,&#8221; said Justin LaJoie, RealEstate.com General Manager. &#8220;But with home prices climbing ever higher, and inventory yet to see sustained increases, getting a foot in the door is incredibly difficult for new buyers who can&#8217;t rely on selling another home to come up with a down payment.&#8221;<u><\/u><u><\/u><\/p>\n<p>These are the markets where first-time buyers can afford the largest and smallest shares of listings<sup>iv<\/sup>: <u><\/u><u><\/u><\/p>\n<div>\n<table class=\"m_-4073803156018441896MsoNormalTable\" border=\"0\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td valign=\"bottom\"><\/td>\n<td colspan=\"2\" valign=\"bottom\">\n<p align=\"center\"><b>Largest Share of Listings Affordable<\/b><u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\"><\/td>\n<td colspan=\"2\" valign=\"bottom\">\n<p align=\"center\"><b>Smallest Share of Listings Affordable<\/b><u><\/u><u><\/u><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\"><\/td>\n<td valign=\"bottom\">\n<p align=\"center\"><b>Metropolitan Area<\/b><u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\"><b>Share Affordable<\/b><u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\"><\/td>\n<td valign=\"bottom\">\n<p align=\"center\"><b>Metropolitan Area<\/b><u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\"><b>Share Affordable<\/b><u><\/u><u><\/u><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\">1.<u><\/u><u><\/u><\/td>\n<td valign=\"bottom\">St. Louis, MO<u><\/u><u><\/u><\/td>\n<td valign=\"bottom\">83.7%<u><\/u><u><\/u><\/td>\n<td valign=\"bottom\">1.<u><\/u><u><\/u><\/td>\n<td valign=\"bottom\">Los Angeles, CA<u><\/u><u><\/u><\/td>\n<td valign=\"bottom\">25.4%<u><\/u><u><\/u><\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\">2.<u><\/u><u><\/u><\/td>\n<td valign=\"bottom\">Pittsburgh, PA<u><\/u><u><\/u><\/td>\n<td valign=\"bottom\">81.7%<u><\/u><u><\/u><\/td>\n<td valign=\"bottom\">2.<u><\/u><u><\/u><\/td>\n<td valign=\"bottom\">San Jose, CA<u><\/u><u><\/u><\/td>\n<td valign=\"bottom\">28.4%<u><\/u><u><\/u><\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\">3.<u><\/u><u><\/u><\/td>\n<td valign=\"bottom\">Hartford, CT<u><\/u><u><\/u><\/td>\n<td valign=\"bottom\">81.5%<u><\/u><u><\/u><\/td>\n<td valign=\"bottom\">3.<u><\/u><u><\/u><\/td>\n<td valign=\"bottom\">San Diego, CA<u><\/u><u><\/u><\/td>\n<td valign=\"bottom\">30.4%<u><\/u><u><\/u><\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\">4.<u><\/u><u><\/u><\/td>\n<td valign=\"bottom\">Buffalo, NY<u><\/u><u><\/u><\/td>\n<td valign=\"bottom\">80.7%<u><\/u><u><\/u><\/td>\n<td valign=\"bottom\">4.<u><\/u><u><\/u><\/td>\n<td valign=\"bottom\">San Francisco, CA<u><\/u><u><\/u><\/td>\n<td valign=\"bottom\">34.1%<u><\/u><u><\/u><\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\">5.<u><\/u><u><\/u><\/td>\n<td valign=\"bottom\">Oklahoma City, OK<u><\/u><u><\/u><\/td>\n<td valign=\"bottom\">79.7%<u><\/u><u><\/u><\/td>\n<td valign=\"bottom\">5.<u><\/u><u><\/u><\/td>\n<td valign=\"bottom\">Miami, FL<u><\/u><u><\/u><\/td>\n<td valign=\"bottom\">39.7%<u><\/u><u><\/u><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>Zillow Group designed the <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2342175-1&amp;h=1949714625&amp;u=https%3A%2F%2Fwww.realestate.com%2F&amp;a=RealEstate.com\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/c212.net\/c\/link\/?t%3D0%26l%3Den%26o%3D2342175-1%26h%3D1949714625%26u%3Dhttps%253A%252F%252Fwww.realestate.com%252F%26a%3DRealEstate.com&amp;source=gmail&amp;ust=1547133715888000&amp;usg=AFQjCNEZLNRuSxZ-6e6q0oPH0kTYO2Hh2A\">RealEstate.com<\/a> search experience to help first-time buyers trying to understand what they can afford with their monthly housing budget. Home shoppers can search RealEstate.com for homes based on the &#8220;All-In Monthly Price,&#8221; which lets people search based on their monthly budget and down payment savings amount. It includes mortgage payments, property taxes and utilities. <u><\/u><u><\/u><\/p>\n<div>\n<table class=\"m_-4073803156018441896MsoNormalTable\" border=\"0\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td valign=\"bottom\" nowrap><b>Metropolitan Area<\/b><u><\/u><u><\/u><\/td>\n<td valign=\"bottom\"><b>&nbsp;Median First-<br \/> time Buyer<br \/> Income<\/b><u><\/u><u><\/u><\/td>\n<td valign=\"bottom\"><b>Maximum<br \/> Price<br \/> Affordable to<br \/> Median First-<br \/> time Buyer<\/b><u><\/u><u><\/u><\/td>\n<td valign=\"bottom\"><b>Share of<br \/> Homes<br \/> Affordable to<br \/> Median First-<br \/> time Buyer<\/b><u><\/u><u><\/u><\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" nowrap>United States<u><\/u><u><\/u><\/td>\n<td>\n<p align=\"center\">$ 72,500<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">$ 338,100<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">67.7%<u><\/u><u><\/u><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" nowrap>New York\/Northern New Jersey<u><\/u><u><\/u><\/td>\n<td>\n<p align=\"center\">$ 95,800<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">$ 446,800<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">41.3%<u><\/u><u><\/u><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" nowrap>Los Angeles-Long Beach-Anaheim, CA<u><\/u><u><\/u><\/td>\n<td>\n<p align=\"center\">$ 90,000<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">$ 419,600<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">25.4%<u><\/u><u><\/u><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" nowrap>Chicago, IL<u><\/u><u><\/u><\/td>\n<td>\n<p align=\"center\">$ 87,000<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">$ 405,800<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">72.0%<u><\/u><u><\/u><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" nowrap>Dallas-Fort Worth, TX<u><\/u><u><\/u><\/td>\n<td>\n<p align=\"center\">$ 88,600<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">$ 413,000<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">66.5%<u><\/u><u><\/u><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" nowrap>Philadelphia, PA<u><\/u><u><\/u><\/td>\n<td>\n<p align=\"center\">$ 88,000<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">$ 410,300<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">76.6%<u><\/u><u><\/u><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" nowrap>Houston, TX<u><\/u><u><\/u><\/td>\n<td>\n<p align=\"center\">$ 84,900<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">$ 396,000<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">70.1%<u><\/u><u><\/u><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" nowrap>Washington, DC<u><\/u><u><\/u><\/td>\n<td>\n<p align=\"center\">$ 132,500<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">$ 617,800<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">72.2%<u><\/u><u><\/u><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" nowrap>Miami-Fort Lauderdale, FL<u><\/u><u><\/u><\/td>\n<td>\n<p align=\"center\">$ 70,700<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">$ 329,800<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">39.7%<u><\/u><u><\/u><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" nowrap>Atlanta, GA<u><\/u><u><\/u><\/td>\n<td>\n<p align=\"center\">$ 86,700<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">$ 404,500<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">70.7%<u><\/u><u><\/u><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" nowrap>Boston, MA<u><\/u><u><\/u><\/td>\n<td>\n<p align=\"center\">$ 109,900<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">$ 512,500<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">52.0%<u><\/u><u><\/u><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" nowrap>San Francisco, CA<u><\/u><u><\/u><\/td>\n<td>\n<p align=\"center\">$ 133,200<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">$ 621,100<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">34.1%<u><\/u><u><\/u><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" nowrap>Detroit, MI<u><\/u><u><\/u><\/td>\n<td>\n<p align=\"center\">$ 73,800<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">$ 344,300<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">74.6%<u><\/u><u><\/u><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" nowrap>Riverside, CA<u><\/u><u><\/u><\/td>\n<td>\n<p align=\"center\">$ 79,100<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">$ 368,800<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">57.1%<u><\/u><u><\/u><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" nowrap>Phoenix, AZ<u><\/u><u><\/u><\/td>\n<td>\n<p align=\"center\">$ 79,200<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">$ 369,500<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">64.1%<u><\/u><u><\/u><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" nowrap>Seattle, WA<u><\/u><u><\/u><\/td>\n<td>\n<p align=\"center\">$ 107,900<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">$ 503,100<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">47.6%<u><\/u><u><\/u><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" nowrap>Minneapolis-St Paul, MN<u><\/u><u><\/u><\/td>\n<td>\n<p align=\"center\">$ 96,500<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">$ 450,200<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">73.3%<u><\/u><u><\/u><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" nowrap>San Diego, CA<u><\/u><u><\/u><\/td>\n<td>\n<p align=\"center\">$ 96,600<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">$ 450,800<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">30.4%<u><\/u><u><\/u><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" nowrap>St. Louis, MO<u><\/u><u><\/u><\/td>\n<td>\n<p align=\"center\">$ 78,700<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">$ 367,200<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">83.7%<u><\/u><u><\/u><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" nowrap>Tampa, FL<u><\/u><u><\/u><\/td>\n<td>\n<p align=\"center\">$ 70,700<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">$ 329,800<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">69.3%<u><\/u><u><\/u><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" nowrap>Baltimore, MD<u><\/u><u><\/u><\/td>\n<td>\n<p align=\"center\">$ 107,100<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">$ 499,300<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">77.6%<u><\/u><u><\/u><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" nowrap>Denver, CO<u><\/u><u><\/u><\/td>\n<td>\n<p align=\"center\">$ 98,400<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">$ 458,800<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">51.4%<u><\/u><u><\/u><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" nowrap>Pittsburgh, PA<u><\/u><u><\/u><\/td>\n<td>\n<p align=\"center\">$ 75,100<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">$ 350,400<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">81.7%<u><\/u><u><\/u><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" nowrap>Portland, OR<u><\/u><u><\/u><\/td>\n<td>\n<p align=\"center\">$ 94,100<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">$ 438,700<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">48.8%<u><\/u><u><\/u><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" nowrap>Charlotte, NC<u><\/u><u><\/u><\/td>\n<td>\n<p align=\"center\">$ 83,600<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">$ 390,000<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">71.8%<u><\/u><u><\/u><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" nowrap>Sacramento, CA<u><\/u><u><\/u><\/td>\n<td>\n<p align=\"center\">$ 87,200<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">$ 406,800<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">45.7%<u><\/u><u><\/u><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" nowrap>San Antonio, TX<u><\/u><u><\/u><\/td>\n<td>\n<p align=\"center\">$ 77,700<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">$ 362,200<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">73.4%<u><\/u><u><\/u><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" nowrap>Orlando, FL<u><\/u><u><\/u><\/td>\n<td>\n<p align=\"center\">$ 72,500<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">$ 337,900<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">63.4%<u><\/u><u><\/u><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" nowrap>Cincinnati, OH<u><\/u><u><\/u><\/td>\n<td>\n<p align=\"center\">$ 79,500<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">$ 370,600<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">78.1%<u><\/u><u><\/u><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" nowrap>Cleveland, OH<u><\/u><u><\/u><\/td>\n<td>\n<p align=\"center\">$ 68,500<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">$ 319,300<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">79.2%<u><\/u><u><\/u><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" nowrap>Kansas City, MO<u><\/u><u><\/u><\/td>\n<td>\n<p align=\"center\">$ 81,000<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">$ 377,600<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">72.4%<u><\/u><u><\/u><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" nowrap>Las Vegas, NV<u><\/u><u><\/u><\/td>\n<td>\n<p align=\"center\">$ 73,800<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">$ 344,200<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">55.3%<u><\/u><u><\/u><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" nowrap>Columbus, OH<u><\/u><u><\/u><\/td>\n<td>\n<p align=\"center\">$ 79,400<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">$ 370,300<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">71.2%<u><\/u><u><\/u><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" nowrap>Indianapolis, IN<u><\/u><u><\/u><\/td>\n<td>\n<p align=\"center\">$ 75,000<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">$ 349,700<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">73.3%<u><\/u><u><\/u><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" nowrap>San Jose, CA<u><\/u><u><\/u><\/td>\n<td>\n<p align=\"center\">$ 150,900<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">$ 704,000<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">28.4%<u><\/u><u><\/u><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" nowrap>Austin, TX<u><\/u><u><\/u><\/td>\n<td>\n<p align=\"center\">$ 99,200<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">$ 462,600<u><\/u><u><\/u><\/p>\n<\/td>\n<td valign=\"bottom\">\n<p align=\"center\">75.2%<u><\/u><u><\/u><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p><b>Zillow Group<\/b><u><\/u><u><\/u><\/p>\n<p>&nbsp;<\/p>\n<p><sup>i<\/sup> <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2342175-1&amp;h=2754372306&amp;u=https%3A%2F%2Fwww.zillow.com%2Fresearch%2Fdown-payment-trends-22360%2F&amp;a=https%3A%2F%2Fwww.zillow.com%2Fresearch%2Fdown-payment-trends-22360%2F\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/c212.net\/c\/link\/?t%3D0%26l%3Den%26o%3D2342175-1%26h%3D2754372306%26u%3Dhttps%253A%252F%252Fwww.zillow.com%252Fresearch%252Fdown-payment-trends-22360%252F%26a%3Dhttps%253A%252F%252Fwww.zillow.com%252Fresearch%252Fdown-payment-trends-22360%252F&amp;source=gmail&amp;ust=1547133715888000&amp;usg=AFQjCNEd4GXyLGU1GTNGNtZ33du9HGiRkg\">https:\/\/www.zillow.com\/<wbr>research\/down-payment-trends-<wbr>22360\/<\/a><br \/> <sup>ii<\/sup> <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2342175-1&amp;h=4072243232&amp;u=https%3A%2F%2Fwww.zillow.com%2Freport%2F2018%2Fbuyers%2Fmoney-home-financing%2F&amp;a=https%3A%2F%2Fwww.zillow.com%2Freport%2F2018%2Fbuyers%2Fmoney-home-financing%2F\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/c212.net\/c\/link\/?t%3D0%26l%3Den%26o%3D2342175-1%26h%3D4072243232%26u%3Dhttps%253A%252F%252Fwww.zillow.com%252Freport%252F2018%252Fbuyers%252Fmoney-home-financing%252F%26a%3Dhttps%253A%252F%252Fwww.zillow.com%252Freport%252F2018%252Fbuyers%252Fmoney-home-financing%252F&amp;source=gmail&amp;ust=1547133715888000&amp;usg=AFQjCNH_Vu14tNZuNmf3eXYo4vvulkLfyg\">https:\/\/www.zillow.com\/report\/<wbr>2018\/buyers\/money-home-<wbr>financing\/<\/a><br \/> <sup>iii<\/sup> Assuming a 30-year fixed rate mortgage with a 5 percent rate<br \/> <sup>iv<\/sup> Among the 50 largest U.S. metros<u><\/u><u><\/u><\/p>\n<p>&nbsp;<\/p>\n<p>SOURCE Zillow Group<\/p>\n","protected":false},"excerpt":{"rendered":"<p>For buyers entering the housing market for the first time, the median household income isn&#8217;t enough, according to a new RealEstate.com report. Buying a home is one of the most expensive transactions most Americans will make in their life, and breaking into the housing market can be especially difficult for first-time buyers. A new RealEstate.com [&hellip;]<\/p>\n","protected":false},"author":15802,"featured_media":4822,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3255],"tags":[],"coauthors":[],"class_list":["post-990","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-archive"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.4 (Yoast SEO v26.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>First-Time Buyers Earn $30,000 More Than Their Peers Who Didn&#039;t Buy a Home<\/title>\n<meta name=\"description\" content=\"The median income for a first-time buyer is higher than the national median household income of $60,700. The difference in income for first-time buyers is more pronounced when compared with their peer\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.realtrends.com\/blog\/2019\/03\/12\/first-time-buyers-earn-30000-more-than-peers-who-didnt-buy-a-home\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"First-Time Buyers Earn $30,000 More Than Their Peers Who Didn&#039;t Buy a Home\" \/>\n<meta property=\"og:description\" content=\"The median income for a first-time buyer is higher than the national median household income of $60,700. The difference in income for first-time buyers is more pronounced when compared with their peer\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.realtrends.com\/blog\/2019\/03\/12\/first-time-buyers-earn-30000-more-than-peers-who-didnt-buy-a-home\/\" \/>\n<meta property=\"og:site_name\" content=\"RealTrends - Blog\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.realtrends.com\/blog\/wp-content\/uploads\/sites\/9\/2025\/03\/9ced5ef4-69ab-4ba7-a7cd-ec49be7b274d.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Tracey Velt\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@traceyveltFL\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tracey Velt\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.realtrends.com\/blog\/2019\/03\/12\/first-time-buyers-earn-30000-more-than-peers-who-didnt-buy-a-home\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.realtrends.com\/blog\/2019\/03\/12\/first-time-buyers-earn-30000-more-than-peers-who-didnt-buy-a-home\/\"},\"author\":{\"name\":\"Tracey Velt\",\"@id\":\"https:\/\/www.realtrends.com\/blog\/#\/schema\/person\/db05dddc94c61082eaa18f2f5e66c788\"},\"headline\":\"First-Time Buyers Earn $30,000 More Than Their Peers Who Didn&#8217;t Buy a Home\",\"datePublished\":\"2019-03-12T21:03:00+00:00\",\"dateModified\":\"2025-03-13T02:13:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.realtrends.com\/blog\/2019\/03\/12\/first-time-buyers-earn-30000-more-than-peers-who-didnt-buy-a-home\/\"},\"wordCount\":603,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.realtrends.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.realtrends.com\/blog\/2019\/03\/12\/first-time-buyers-earn-30000-more-than-peers-who-didnt-buy-a-home\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.realtrends.com\/blog\/wp-content\/uploads\/sites\/9\/2025\/03\/9ced5ef4-69ab-4ba7-a7cd-ec49be7b274d.png\",\"articleSection\":[\"Archive\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.realtrends.com\/blog\/2019\/03\/12\/first-time-buyers-earn-30000-more-than-peers-who-didnt-buy-a-home\/#respond\"]}],\"isAccessibleForFree\":\"False\",\"hasPart\":{\"@type\":\"WebPageElement\",\"isAccessibleForFree\":\"False\",\"cssSelector\":\".wp-block-housingwire-piano-member\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.realtrends.com\/blog\/2019\/03\/12\/first-time-buyers-earn-30000-more-than-peers-who-didnt-buy-a-home\/\",\"url\":\"https:\/\/www.realtrends.com\/blog\/2019\/03\/12\/first-time-buyers-earn-30000-more-than-peers-who-didnt-buy-a-home\/\",\"name\":\"First-Time Buyers Earn $30,000 More Than Their Peers Who Didn't Buy a Home\",\"isPartOf\":{\"@id\":\"https:\/\/www.realtrends.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.realtrends.com\/blog\/2019\/03\/12\/first-time-buyers-earn-30000-more-than-peers-who-didnt-buy-a-home\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.realtrends.com\/blog\/2019\/03\/12\/first-time-buyers-earn-30000-more-than-peers-who-didnt-buy-a-home\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.realtrends.com\/blog\/wp-content\/uploads\/sites\/9\/2025\/03\/9ced5ef4-69ab-4ba7-a7cd-ec49be7b274d.png\",\"datePublished\":\"2019-03-12T21:03:00+00:00\",\"dateModified\":\"2025-03-13T02:13:06+00:00\",\"description\":\"The median income for a first-time buyer is higher than the national median household income of $60,700. 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