 TITLE: Average Age to Buy a House CONTENT: Homebuying Trends in the United States\n--------------------------------------\nIn the U.S., there is over $10.3 trillion in outstanding mortgage debt held by a total of 56 million consumers as of the third quarter (Q3) of 2020, according to Experian data.\nAt the individual level, Americans had an average mortgage balance of $208,185 in Q3 2020. That amount is up $3,870 from the same period in 2019.\nBy generation, the highest average mortgage debt balance is held by members of Generation X, which includes people between the ages 40 and 55. In Q3 2020, members of the generation owed $247,564—nearly $40,000 higher than the national average. The silent generation, the oldest generation in our analysis, had the lowest average mortgage balance, owing only $133,827 in Q3 2020.\nSource: Experian END