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The Average First-time Home Buyer
- Is 33 years old
- Has a household income of $86,500
- Spends a median of $252,000 on the home purchase price
- Makes a 7% down payment
- Buys a home with an average square footage of 1,640 square feet
- 37% of first-time home buyers carry student debt, with a typical balance of $30,000