If you’re renting in your 30s or 40s and thinking, “Did I miss my chance to buy a home?”—the answer is no. Not even close.
The reality is, in 2024, the average first-time homebuyer is 38 years old. That’s up from 33 just a few years ago, and up from the traditional early-30s range that was the norm for decades.
So if you’re renting in Raleigh, Durham, Cary, Apex, or Chapel Hill while figuring out your next move, know this: you’re right on time—and today’s market is shifting to reflect that.
✅ Why More Triangle NC Buyers Are Purchasing Homes Later in Life
According to research from John Burns Research & Consulting:
- The average age of first-time mothers is now 30, up from early 20s
- Only 33% of today’s 30-year-olds own a home (versus 47% in 1984)
- 72% of renters are now over age 30—the highest percentage ever recorded
The takeaway? Younger generations in North Carolina and across the country are delaying big milestones like marriage, parenting, and buying a first home in order to prioritize financial stability, career growth, and personal freedom.
💸 Renting vs Buying in 2025: Why the Income Gap Has Grown
If you’ve been renting in places like Cary, Apex, or Holly Springs, it may be because the cost of buying a home has surged. According to Redfin:
- The income needed to afford the median home for sale in the U.S. is now $116,633
- That’s 82% more than the $64,160 needed to afford the typical rental
In 2021, the rent vs. buy income gap was just 17%—now it’s over 80%
With mortgage rates holding above 6.5% and home prices rising in Raleigh and Durham faster than rent, it’s no surprise many renters are choosing to wait. That’s not falling behind. It’s making a financially sound decision.
🏡 Buying a Home in Your 30s or 40s Comes With Big Advantages
Whether you’re planning to buy your first home in Wake Forest, Morrisville, or Chapel Hill, here’s why you’re likely in a better position now than you would’ve been in your 20s:
1. Stronger Financial Foundation
- You’ve had time to build income, grow your savings, and raise your credit score
- You’re likely more prepared to cover down payments, closing costs, and emergency repairs
2. Smarter Decision-Making
- You’ve lived in a few different places and know what you want in a home
- You’re less likely to rush or settle for the wrong neighborhood or floor plan
3. Tailored Real Estate Options
- Builders in the Triangle area are offering more low-maintenance homes, townhomes, and age-targeted communities
- You’re entering the market as a savvy, qualified buyer, and that matters in negotiations
🔑 Renting in Your 30s or 40s? It’s Part of a Smart Strategy
There’s still this outdated narrative that renting in your 30s—or even 40s—means you’re “behind.” That just isn’t true.
Many of my clients across the Triangle—especially in Durham, Chapel Hill, and Garner—are renting intentionally while they:
- Wait for better inventory
- Pay off debt
- Explore different neighborhoods
- Save for a down payment
- You’re not behind—you’re preparing for a smart, well-timed home purchase.
💬 Final Thoughts: You’re Not Late—You’re Lined Up for Success
Whether you’re in Raleigh, Cary, Fuquay-Varina, or anywhere in the Triangle, know this:
Buying your first home in your 30s or 40s is more common than ever—and often the smartest financial move. And when you’re ready, I’ll be here to help you navigate the process with strategy, transparency, and zero pressure. Let’s find the right home, on your timeline—and make this next chapter the best one yet.
I’ve worked with many first-time buyers in their late 30s and beyond. If that’s you and you’re interested in learning more about the process and market, reach out to me via this email link. It would be my honor to assist you.
Thanks for reading!
Brandon Yopp