Ranking the top 50 ZIP codes where home buyers aged 35-44 buy homes
Older Millennial home buyers buy larger homes and make larger down payments than other home-buying age groups.
According to FFEIC data, 1.01 million people aged 35-44 bought a primary home in 2022. 27.8 percent bought in California, Texas, or Florida – mostly in or near larger cities.
The average purchase price for buyers aged 35-44 was $539,732, the largest of all age groups.
This Homebuyer.com housing market study highlights where Older Millennial home buyers buy homes, how much they pay for their homes, and whether buyers make large or small down-payments.
Titled “The Favorite ZIP Codes for Older Millennial Home Buyers,” the study uses data from the FFEIC and Home Mortgage Disclosure Act (HMDA) to identify and rank the top 10 U.S. ZIP codes for Older Millennial home buyers.
We performed similar research for other age groups:
This study centers on “Older Millennials,” which we define as people born between 1979-1988.
The data also includes an overview of the ZIP codes ranked 11 through 50 to offer a more broad perspective on Older Millennial preferences, plus additional data on mortgage payment and down payment sizes.
Scroll to the bottom for our complete methodology, where we outline our research process.
The Top 10 ZIP Codes For Older Millennial Home Buyers
#1: San Antonio, Texas 78245
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Nestled within Bexar County, Texas, ZIP code 78245 encapsulates portions of the vibrant city of San Antonio, including some of its western neighborhoods. San Antonio, affectionately known as "Alamo City," boasts a rich history interwoven with modern urban living. The area within 78245 is particularly alluring to home buyers aged 35-44 due to its harmonious blend of affordable housing options, expanding job market, and robust local amenities. Geographically, this region lies just to the west of downtown San Antonio, providing residents with convenient access to the city's core while also granting the solace of a suburban setting. Proximity to local landmarks, such as the famous Alamo and the bustling River Walk, coupled with excellent schools and parks, undoubtedly enhances the area's attractiveness. The appeal is further solidified by the economic stability provided by San Antonio's diverse industries, making 78245 an optimal choice for older millennial home buyers.
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Older Millennial Home Buyers
2022
Age Group Representation
0.0448%
Average Property Value
$382,394.21
Average Downpayment Size
Between 5-10%
Average Mortgage Payment
$1,874.34
Sources: FFEIC Home Mortgage Disclosure Act, U.S. Census Bureau
#2: Katy, Texas 77493
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Located within Harris County, Texas, ZIP code 77493 covers a significant portion of the city of Katy. Known for its blend of small-town charm with the conveniences of a rapidly growing urban enclave, Katy has established itself as a favored destination for many home buyers, especially those aged 35-44. Economically speaking, this area benefits from its close proximity to Houston, one of the nation's major economic hubs. However, Katy itself offers a thriving job market, bolstered by numerous retail, healthcare, and education sectors. The geography of 77493 provides residents with a sense of spaciousness, characterized by planned communities, green parks, and the scenic beauty that Texas is renowned for. Katy's reputation for top-tier public schools is an undeniable draw for families. Add to that mix its cultural events, recreational opportunities, and a reputation for safety, it's easy to comprehend the pull of 77493 for older millennials looking to settle in a promising and flourishing community.
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Older Millennial Home Buyers
2022
Age Group Representation
0.0442%
Average Property Value
$498,991.03
Average Downpayment Size
Between 10-20%
Average Mortgage Payment
$2,241.18
Sources: FFEIC Home Mortgage Disclosure Act, U.S. Census Bureau
#3: Folsom, California 95630
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Situated within Sacramento County, California, the city of Folsom is encapsulated by the ZIP code 95630. Folsom is a beacon of historical significance and modern growth, making it an enticing choice for home buyers aged 35-44. Renowned for the Folsom State Prison and its connection to Johnny Cash, the city offers much more than its storied past. It is positioned adjacent to Folsom Lake, providing residents with abundant recreational activities such as boating, hiking, and fishing. Economically, Folsom is a powerhouse in the region, with a burgeoning tech sector and the presence of significant companies establishing a stable job market. The city offers a delightful mix of contemporary housing developments, shopping districts, and well-maintained parks. Its well-regarded educational institutions, combined with a robust local economy and the allure of California landscapes, make Folsom an attractive investment for older millennials.
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Older Millennial Home Buyers
2022
Age Group Representation
0.0394%
Average Property Value
$919,447.30
Average Downpayment Size
More than 20%
Average Mortgage Payment
$3,437.93
Sources: FFEIC Home Mortgage Disclosure Act, U.S. Census Bureau
#4: Frisco, Texas 75035
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Located in Collin County, Texas, Frisco is a city that's swiftly emerging as a nexus of economic and cultural vitality. The portion of Frisco within the ZIP code 75035 epitomizes this transformation, presenting itself as a top choice for home buyers aged 35-44. Known for its dynamic growth, Frisco is becoming synonymous with innovation, as it houses numerous tech startups, established businesses, and world-class sports facilities. The Dallas Cowboys' state-of-the-art training facility, The Star, is a testament to Frisco's commitment to excellence. Geographically, Frisco offers a blend of modern suburban landscapes interspersed with green spaces, providing an environment conducive to both work and leisure. The city's focus on education is evident through its top-rated schools and commitment to community enrichment. With its strategic location, vibrant community, and thriving job market, Frisco is a magnet for older millennials seeking a harmonious balance between urban amenities and suburban comfort.
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Older Millennial Home Buyers
2022
Age Group Representation
0.0345%
Average Property Value
$824,394.81
Average Downpayment Size
More than 20%
Average Mortgage Payment
$3,201.17
Sources: FFEIC Home Mortgage Disclosure Act, U.S. Census Bureau
#5: Summerville, South Carolina 29483
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Within Dorchester County, South Carolina, lies the charming town of Summerville, characterized by its picturesque landscapes and historical relevance. Encompassed by the ZIP code 29483, Summerville offers a compelling blend of Southern hospitality, heritage, and modern living. Often referred to as "The Flower Town in the Pines," Summerville boasts an abundance of azaleas, which adorn its streets and gardens and add to its appeal during springtime festivals. Economically, the town benefits from its proximity to Charleston, enabling residents to enjoy suburban serenity and easy access to urban opportunities. Summerville itself is home to a growing number of businesses and industries, offering a stable job environment. The town's neighborhoods are interspersed with historic homes, contemporary housing developments, and parks, ensuring a diverse living experience. The strong sense of community and excellent schools and amenities position Summerville as a prime location for home buyers, particularly those aged 35-44, seeking a balance of history, nature, and modern conveniences.
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Older Millennial Home Buyers
2022
Age Group Representation
0.0338%
Average Property Value
$428,470.59
Average Downpayment Size
Between 10-20%
Average Mortgage Payment
$1,976.32
Sources: FFEIC Home Mortgage Disclosure Act, U.S. Census Bureau
#6: Wesley Chapel, Florida 33545
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Situated in Pasco County, Florida, Wesley Chapel is a rapidly expanding community capturing the attention of home buyers in the 33545 ZIP code region. Historically, Wesley Chapel began as a quiet agricultural area, but over the past few decades, it has evolved into a thriving suburban enclave. What draws many to this area, especially those aged 35-44, is its strategic balance of modern development with pockets of nature preserves and open spaces. Economically, Wesley Chapel benefits from its proximity to Tampa, allowing for a diverse range of employment opportunities without compromising on the peacefulness of suburban life. The area is punctuated with an array of shopping centers, restaurants, and recreational facilities. The Shops at Wiregrass and the AdventHealth Center Ice rink provide unique shopping and recreational experiences. Coupled with well-regarded schools and a robust housing market, Wesley Chapel is increasingly becoming a favored destination for older millennials looking to root themselves in a community that offers both growth and tranquility.
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Older Millennial Home Buyers
2022
Age Group Representation
0.0324%
Average Property Value
$494,082.57
Average Downpayment Size
Between 10-20%
Average Mortgage Payment
$2,214.99
Sources: FFEIC Home Mortgage Disclosure Act, U.S. Census Bureau
#7: St. Cloud, Florida 34771
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Nestled in Osceola County, Florida, St. Cloud is a city that embodies a blend of traditional Floridian charm and contemporary growth, particularly evident in the 34771 ZIP code region. Known for its friendly community and proximity to the state's world-famous attractions, St. Cloud offers residents an idyllic setting combined with the conveniences of urban living. A significant pull for those aged 35-44 is the city's commitment to fostering family-friendly environments. St. Cloud provides a myriad of parks, lakes, and recreational activities, with East Lake Tohopekaliga being a notable point of interest for fishing and boating enthusiasts. Economically, St. Cloud is well-positioned, with various industries offering stable employment opportunities and the nearby Orlando metropolitan area providing even more possibilities. The city's dedication to education is evident in its schools and community programs. With its blend of natural beauty, community-driven initiatives, and economic stability, St. Cloud remains a top choice for older millennials searching for a place to call home.
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Older Millennial Home Buyers
2022
Age Group Representation
0.0323%
Average Property Value
$462,300.61
Average Downpayment Size
Between 10-20%
Average Mortgage Payment
$2,083.48
Sources: FFEIC Home Mortgage Disclosure Act, U.S. Census Bureau
#8: Castle Rock, Colorado 80108
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Embedded in Douglas County, Colorado, the town of Castle Rock, specifically within the 80108 ZIP code, offers a distinct blend of scenic beauty, suburban comfort, and economic vitality. Castle Rock is aptly named for the castle tower-shaped butte near the town center, serving as a geographical landmark and symbol of the community's unique identity. Home buyers, particularly those aged 35-44, are drawn to this region for its panoramic mountain views, expansive open spaces, and a growing number of contemporary amenities. Economically, Castle Rock enjoys a diverse and flourishing job market, with sectors ranging from retail to technology making a notable presence. The town's commitment to sustainable growth is evident in its master-planned communities, comprehensive recreational programs, and well-maintained park systems. Its strategic location between Denver and Colorado Springs offers residents the luxury of suburban tranquility with easy access to urban centers. Castle Rock stands out as an ideal destination for older millennials seeking a harmonious integration of nature, community, and opportunity.
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Older Millennial Home Buyers
2022
Age Group Representation
0.0320%
Average Property Value
$827,111.80
Average Downpayment Size
Between 10-20%
Average Mortgage Payment
$3,328.56
Sources: FFEIC Home Mortgage Disclosure Act, U.S. Census Bureau
#9: Atascosa, Texas 78002
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Located in Bexar County, Texas, the unincorporated community of Atascosa is encapsulated by the ZIP code 78002. Atascosa, positioned to the southwest of the bustling city of San Antonio, offers an appealing juxtaposition of rural charm and proximity to urban conveniences. What captivates home buyers, especially those between the ages of 35-44, is its promise of spacious landscapes, traditional Texan values, and a slower-paced lifestyle while being a stone's throw from San Antonio's amenities and job market. Economically, Atascosa benefits from the broader economic environment of the San Antonio region, with sectors like healthcare, education, and tourism playing significant roles. The region boasts expansive ranches, agricultural pursuits, and an environment that cherishes Texan traditions. For those seeking a blend of country living with the benefits of a nearby urban center, Atascosa presents itself as a compelling choice, offering both serenity and opportunity in equal measure.
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Older Millennial Home Buyers
2022
Age Group Representation
0.0297%
Average Property Value
$290,719.06
Average Downpayment Size
Between 5-10%
Average Mortgage Payment
$1,427.57
Sources: FFEIC Home Mortgage Disclosure Act, U.S. Census Bureau
#10: Helotes, Texas 78023
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In the scenic confines of Bexar County, Texas, lies the city of Helotes, a gem defined by its rich heritage, natural beauty, and contemporary conveniences. The charm of Helotes, particularly within the 78023 ZIP code, stems from its ability to balance rural aesthetics with suburban amenities. The city's name, derived from the Spanish word 'elote' meaning corn, pays homage to its agricultural roots. Today, older millennials are increasingly drawn to this locale, captivated by its welcoming community, family-oriented events like the Helotes MarketPlace, and its proximity to the dynamic city of San Antonio. Economically, Helotes presents a robust local business environment, supplemented by the vast opportunities of its neighboring urban center. The city is adorned with rolling hills, offering breathtaking views and outdoor recreational activities. The presence of top-tier schools, community parks, and an array of housing options solidifies Helotes' position as a preferred choice for those seeking a harmonious blend of tradition and modernity.
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Older Millennial Home Buyers
2022
Age Group Representation
0.0297%
Average Property Value
$417,466.67
Average Downpayment Size
Between 5-10%
Average Mortgage Payment
$1,943.42
Sources: FFEIC Home Mortgage Disclosure Act, U.S. Census Bureau
ZIP Codes Ranked 11-50 For Older Millennial Home Buyers
Location
Age Group Representation
11. Land O' Lakes, Florida 34638
0.0277%
12. Davenport, Florida 33837
0.0264%
13. Frisco, Texas 75078
0.0247%
14. Frisco, Texas 75078
0.0247%
15. Dublin, Ohio 43016
0.0247%
16. Santa Clarita, California 91381
0.0246%
17. Jarrell, Texas 76537
0.0242%
18. Anna, Texas 75454
0.0229%
19. Parkland, Florida 33076
0.0228%
20. Wesley Chapel, Florida 33545
0.0226%
21. San Antonio, Texas 78253
0.0225%
22. Derby, Colorado 80022
0.0224%
23. Schertz, Texas 78132
0.0222%
24. San Antonio, Texas 78253
0.0214%
25. Little Flock, Arkansas 72712
0.0212%
26. Wesley Chapel, Florida 33543
0.0208%
27. Fruit Cove, Florida 32259
0.0207%
28. Cumming, Georgia 30040
0.0203%
29. Menifee, California 92596
0.0202%
30. Bulverde, Texas 78070
0.0193%
31. Gilbert, Arizona 85212
0.0191%
32. Riverview, Florida 33579
0.0191%
33. Moseley, Virginia 23120
0.0190%
34. Pearland, Texas 77583
0.0187%
35. Farmersville, Texas 75173
0.0185%
36. Fair Oaks Ranch, Texas 78015
0.0183%
37. Helotes, Texas 78254
0.0180%
38. Anna, Texas 75454
0.0180%
39. Uhland, Texas 78640
0.0178%
40. Apollo Beach, Florida 33573
0.0178%
41. Frederick, Colorado 80516
0.0176%
42. Washington, Nebraska 68007
0.0176%
43. Murphy, Texas 75098
0.0170%
44. Houston, Texas 77447
0.0170%
45. Odessa, Florida 33556
0.0169%
46. Universal City, Texas 78109
0.0169%
47. Manteca, California 95337
0.0167%
48. Ladson, South Carolina 29483
0.0165%
49. Hillsboro, Oregon 97006
0.0164%
50. Orlando, Florida 32827
0.0163%
51. St. Cloud, Florida 34744
0.0160%
52. Las Vegas, Nevada 89143
0.0159%
53. Austin, Texas 78747
0.0158%
54. Hollywood, South Carolina 29470
0.0158%
55. San Diego, California 92122
0.0156%
56. Gilbert, Arizona 85142
0.0155%
57. Woodbranch, Texas 77357
0.0153%
58. French Camp, California 95231
0.0153%
59. Castle Rock, Colorado 80104
0.0153%
60. League City, Texas 77539
0.0152%
Methodology
We gathered data from the FFEIC website. Specifically, the Snapshot National Loan Level Dataset for 2022. These Snapshot files contain national HMDA datasets filed by U.S. mortgage lenders as of April 30, 2023. Data is modified to protect applicant and borrower privacy.
The study focuses on home buyers of 1-4 unit residential properties in the 50 states and the District of Columbia. The research does not consider home buyers of second homes and investment properties. Home buyers with one-time construction loans and other open-ended mortgages in first-lien positions, such as a home equity line of credit (HELOC), are also excluded.
We examined data for home buyers between the ages of 35 and 44 in 2022. We calculated metrics for each U.S. census tract, including the number of buyers, the average loan amount, and the average property value. Next, we mapped the census tracts to their mapped locations and determined the proximate zip code.
Our analysis uses complex database queries that join result sets from the Loan Application Register and U.S. Census Bureau. Our queries efficiently sift through large datasets exceeding 30 GB to extract the intended information.
We removed outlier data, mostly linked to mortgage applications that applicants either withdrew or that lenders denied due to incompleteness, that fell outside of typical and expected ranges. Less than one-half of one percent of HMDA was excluded for reasonability reasons.
To ensure the accuracy of our study, we relied on the robustness of the HMDA data and the precision of our database queries. The stringent data extraction, filtering, and analysis process contributed to our result’s reliability.
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