Most Californians turn from renters to homeowners by age 47. In other states, it’s 36

For most Californians, the milestone of buying a “starter home” is increasingly happening long after the start of adult life.

A new analysis of U.S. Census Bureau data by the Public Policy Institute of California finds that the age at which a majority of Californians turn from renters to homeowners is 47. In the rest of the country, a majority of people are homeowners by 36.

“It's quite staggering,” said Chris Duff, president of the Greater Los Angeles Association of Realtors. “The age does seem to be climbing every year, especially here in California.”

The numbers that explain why so many Californians are locked out 

High home prices, unyielding mortgage interest rates, sluggish construction of new homes and lackluster wage growth are all conspiring to keep many younger adults locked out of homeownership, real estate experts said.

Those factors exist across the country, but they’re especially acute in Southern California. According to recent data from the California Association of Realtors:

• The median home price in L.A. County was $879,900 in the second quarter of 2026. That was more than double the national median home price of $434,900.

• Only about 17% of L.A. households earn the $219,200 minimum income needed to afford a typical $5,480 monthly payment.

Younger buyers need to get creative — or get help from mom and dad

Larissa Rubijevsky, a realtor focused on L.A.’s South Bay neighborhoods, told LAist that when she began working in Southern California in the early 2000s, her first-time buyer clients tended to be in their early 30s.

Homes were already expensive back then, but Census data shows that first-time buyers were indeed younger. In 2009, a majority of Californians had become homeowners by age 41, according to the Public Policy Institute analysis.

These days, Rubijevsky said she sees millennial and Gen Z buyers making sacrifices just to try to enter the market.

“Sometimes they have to move in with their parents for a certain amount of time and save money,” she said. “Some of them are trying to buy property with their peers, with their friends, and then share the title 50-50.”

Others are hitting up their parents for down payment gifts, Rubijevsky said.

She said she saw her clients get noticeably older after the buying frenzy of the early phase of the COVID-19 pandemic. In those days, homes cost less and interest rates were low. Today’s prices and monthly payments are simply out of reach for most younger buyers, she said.

“People would like to have the American Dream,” Rubijevsky said. “When people can't do that, they're forced to leave the state… That's not a happy decision for them, but they just don't have any choice anymore.”

Why the trend toward older homebuyers matters for California

Between 2015 and 2025, California’s net migration included a loss of 884,000 people who cited high housing costs as their primary reason for leaving the state.

Marisol Cuellar Mejia — a senior fellow at the Public Policy Institute of California who co-authored the recent homebuying analysis — said home ownership continues to be the main way for most families to build the kind of wealth they can pass on to the next generation.

“Younger adults in California are missing out on long-term wealth building,” Cuellar Mejia said.

She said the trend will have “a cascade effect that has a lot of implications” for lawmakers and individual families. Californians who need to wait until their 40s to buy a home could decide to delay marriage, have fewer children and keep working beyond a traditional retirement age.

Across Southern California, typical homebuying ages vary widely by location, education level, immigration status and ethnicity. In L.A. County, where most residents are renters, homeowners only begin to outnumber renters at age 59. In Riverside County, where homes are cheaper, that age is 39.

White and Asian Californians tend to become homeowners younger than Black Californians, according to the analysis. So do college graduates when compared with those without a college degree. California’s Latino immigrants are more likely to rent than own a home in every age bracket.

Vivian Chen, a mortgage lender with Southern California-based Exceed Lending, said some buyers are still able to secure their first home in their 20s and 30s by participating in government-funded down payment assistance programs, such as the California Dream For All Shared Appreciation Loan and various other county and city-funded programs.

“We are doing quite a few every month,” Chen said. “Those programs are actually helping a lot of first-time buyers.”

Is more government help on the way? 

California voters will be asked to approve new homebuying assistance funds in the upcoming November general election. Proposition 37 seeks to create a “middle class” down payment assistance program funded by revenue bonds of up to $25 billion.

Under the proposed program, homebuyers earning up to 200% of their area’s median income could apply for state funding to cover down payments of up to 17% for newly-built homes. That assistance would come in the form of a loan, not a grant, with recipients likely needing to pay back the money in monthly installments.

Republican California State Assemblymember Carl DeMaio has opposed Prop. 37, saying it would turn the state into one of the nation’s largest mortgage lenders and leave taxpayers on the hook for potential financial losses.

Supporters — including the California Association of Realtors — argue the measure would incentivize developers to build new for-sale housing rather than rental units, something that has been increasingly rare in Southern California.

“We've really closed the revolving door when it comes to that first-time homebuyer getting a small one-bedroom or two-bedroom condo and then moving up as their life circumstances change,” said Duff, the Greater L.A. Association of Realtors president. “Since we're not building that construction, we don't have that inventory.”