If you're still renting in your 30s or 40s here in Phoenix, AZ, you're not alone—and you’re definitely not behind.

In fact, the average age of first-time homebuyers in 2024 is now 38. Just a few years ago, it was 33. For decades before that, it hovered around 31.

First-time homebuyer expenses quickly add-up and that's why it takes a lot of preparation and savings. When you're ready to purchase your first house, you'll need to go over your credit files well in advance and be pre-approved for a mortgage. What you'll probably budget for are a down payment, …