San Diego Homeowners Rank Among Nation’s Oldest
Age Profile of San Diego Homeowners San Diego’s housing market presents a unique demographic trend. It's both intriguing and critical for real estate stakeholders. The average homeowner age in San Diego is approximately 54 years. This makes it the city with the second-oldest homeowner demographic in the U.S. This aging demographic underscores the importance of understanding real estate investing and its associated legal dimensions to navigate the housing market effectively. Despite the citywide average age being 39 years, homeowners skew significantly older. The largest homeowner group is aged between 55 to 64 years. Close behind are homeowners aged 65 to 74 years. In contrast, only 8.2% of homeowners are under 35. The fact that approximately 48% of San Diego households are renters illustrates the significant challenges faced by younger buyers in the area. This suggests young buyers face economic and affordability challenges. Rising home prices contribute to this older homeowner ...