Graph and download economic data for Homeownership Rate in the United States (RSAHORUSQ156S) from Q1 1980 to Q2 2025 about housing, rate, and USA.

The homeownership rate in the United States amounted to nearly ** percent in the third quarter of 2024. While there are many factors that affect people’s decision to buy a house, the recent decrease can be attributed to the higher mortgage interest rates, which make taking out a mortgage less affordable for potential buyers, especially considering the surge in house prices in recent years. Which factors affect homeownership? Age and ethnicity have a strong correlation with homeownership. Baby boomers, for example, are twice as likely to own their home than Millennials. Also, the homeownership rate among white Americans is substantially higher than among any other ethnicity. How does the U.S. homeownership rate compare with other countries? Having a home is an integral part of the “American Dream”. Compared with selected European countries, the U.S. ranks alongside the United Kingdom, Cyprus, and Ireland. Many countries in Europe, however, exceed ** percent homeownership rate.

In the presented European countries, the homeownership rate extended from 42.6 percent in Switzerland to as much as 95.9 percent in Albania. Countries with more mature rental markets, such as France, Germany, the UK, and Switzerland, tended to have a lower homeownership rate compared to the frontier countries, such as Lithuania or Slovakia. The share of house owners among the population of all 20 euro area countries stood at 64.5 percent in 2024. Average cost of housing Countries with lower homeownership rates tend to have higher house prices. In 2024, the average transaction price for a house was notably higher in Western and Northern Europe than in Eastern and Southern Europe. In Austria, one of the most expensive European countries to buy a new dwelling in, the average price was three times higher than in Greece. Looking at house price growth, however, the most expensive markets recorded slower house price growth compared to the mid-priced markets. Housing supply With population numbers rising across Europe, the need for affordable housing continues. In 2024, European countries completed between one and six housing units per 1,000 citizens, with Ireland, Poland, and Denmark responsible for heading the ranking. One of the major challenges for supplying the market with more affordable homes is the rising construction costs. In 2021 and 2022, housing construction costs escalated dramatically due to soaring inflation, which has had a significant effect on new supply.

Graph and download economic data for Homeownership Rate for the United States (USHOWN) from 1984 to 2024 about homeownership, housing, rate, and USA.

Portugal, Canada, and the United States were the countries with the highest house price to income ratio in 2024. In all three countries, the index exceeded 130 index points, while the average for all OECD countries stood at 116.2 index points. The index measures the development of housing affordability and is calculated by dividing nominal house price by nominal disposable income per head, with 2015 set as a base year when the index amounted to 100. An index value of 120, for example, would mean that house price growth has outpaced income growth by 20 percent since 2015. How have house prices worldwide changed since the COVID-19 pandemic? House prices started to rise gradually after the global financial crisis (2007–2008), but this trend accelerated with the pandemic. The countries with advanced economies, which usually have mature housing markets, experienced stronger growth than countries with emerging economies. Real house price growth (accounting for inflation) peaked in 2022 and has since lost some of the gain. Although, many countries experienced a decline in house prices, the global house price index shows that property prices in 2023 were still substantially higher than before COVID-19. Renting vs. buying In the past, house prices have grown faster than rents. However, the home affordability has been declining notably, with a direct impact on rental prices. As people struggle to buy a property of their own, they often turn to rental accommodation. This has resulted in a growing demand for rental apartments and soaring rental prices.

Graph and download economic data for Homeownership Rates by Race and Ethnicity: Black Alone in the United States (BOAAAHORUSQ156N) from Q1 1994 to Q2 2025 about African-American, homeownership, rate, and USA.

Graph and download economic data for Homeownership Rates by Race and Ethnicity: All Other Races: Total in the United States (AORHORUSQ156N) from Q1 1994 to Q2 2025 about homeownership, rate, and USA.

This dataset provides values for HOME OWNERSHIP RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

The number of housing units in the United States has grown year-on-year and in 2024, there were approximately *** million homes. That was an increase of about one percent from the previous year. Homeownership in the U.S. Most of the housing stock in the U.S. is owner-occupied, meaning that the person who owns the home uses it as a primary residence. Homeownership is an integral part of the American Dream, with about *** in ***** Americans living in an owner-occupied home. For older generations, the homeownership rate is even higher, showing that buying a home is an important milestone in life. Housing transactions slowing down During the coronavirus pandemic, the U.S. experienced a housing market boom and witnessed an increase in the number of homes sold. Since 2020, when the market peaked, new homes transactions have slowed down and so have the sales of existing homes. That has affected the development of home prices, with several states across the country experiencing a decline in house prices.

Graph and download economic data for Median Sales Price of Houses Sold for the United States (MSPUS) from Q1 1963 to Q2 2025 about sales, median, housing, and USA.

The homeowner vacancy rate in the United States reached its lowest value in 2022, followed by an uptick in 2023. The rate shows what share of owner-occupied housing units were vacant and for sale. That figure peaked in 2008, when nearly three percent of homes were vacant, and gradually fell below one percent after the 2020 housing boom. Homeownership is a form of living arrangement where the owner of the inhabited property, whether apartment, house, or type of real estate, lives on the premises. Due to usually high costs associated with owning a property and perceived advantages or disadvantages associated with such a long-term investment, homeownership rates differ greatly around the world, based on both cultural and economic factors. In Europe, Romania is the country with the highest rate of homeownership, while the lowest homeownership rate was observed in Switzerland. Homeownership attitude in the U.S. Individuals may have very different opportunities or inclination to become homeowners based on nationality, age, financial status, social status, occupation, marital status, education or even ethnicity and whether one is local-born or foreign-born. In 2023, the homeownership rate among older Americans was higher than for younger Americans. In the U.S., homeownership is generally believed to be a good investment, in terms of security (no risk of eviction) and financial aspect (owning a valuable real estate property). In 2023, there were approximately 86 million owner-occupied housing units, a stark increase compared to four decades prior. Why is homeownership sentiment low? The housing market has been suffering chronic undersupply, leading to a surge in prices and eroding affordability. In 2023, the housing affordability index plummeted, reflecting the growing challenge that homeowners face when looking for property. Insufficient income, savings, and high home prices are some of the major obstacles that come in the way of a property purchase. Though affordability varied widely across different metros, just about 15 percent of U.S. renters could afford to buy the median priced home in their area.

Graph and download economic data for Average Sales Price of Houses Sold for the United States (ASPUS) from Q1 1963 to Q2 2025 about sales, housing, and USA.

In comparing life in the Soviet Union with life in the United States, one major difference was in the average living conditions of the general public. Across the Soviet Union, it was much more common for citizens to live in apartments than in houses, as the government focused on maximizing space efficiency in major cities and combatting the housing crisis that had emerged during the Stalin era. In the1960s, the government quickly erected thousands of (usually) temporary housing blocks, known as Khrushchyovka (named after Nikita Khrushchev, leader of the USSR at the time). These blocks proved to be a great success in alleviating the housing shortage, and their construction continued well into the following decades, inspiring similar designs across the Eastern Bloc. Despite usually being a temporary solution, with an intended lifespan of 25 years, most of the buildings remained in use well beyond this time, and Khrushchyovka in general remain one of the most common forms of dwelling in Russia and other Soviet-successor states today.

When compared with the U.S. in the 1980s, a stark contrast is observable between living space types in the two countries. For example, in 1987 alone there were seven times more apartments built than houses in the Soviet Union, whereas the number of houses built in the U.S. more than doubled the number of new apartments. On average, housing in the U.S. was also of better quality with superior utilities, and therefore lasted longer; this is reflected in the fact that post-Soviet governments have spent considerable resources on the demolition and replacement of communist-era housing, whereas this transition is happening at a much slower rate in the U.S..

In 2024, Chinese and Mexican buyers made up the second-largest share of major foreign buyers of property in the United States, following Canadians. In that year, ** percent of residential properties were purchased by Canadians buyers and ** percent by Chinese buyers. That amounted to an aggregate value of *** billion U.S. dollars of housing sales to Chinese buyers.

This dataset provides values for HOUSING INDEX reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Graph and download economic data for Homeownership Rates by Race and Ethnicity: All Other Races: Asian, Native Hawaiian and Pacific Islander Alone in the United States (ANHPIHORUSQ156N) from Q1 2016 to Q2 2025 about native hawaiin, Pacific Islands, asian, homeownership, rate, and USA.

This study is part of a quadrennial series designed to investigate the opinions and attitudes of the general public on matters related to foreign policy, and to define the parameters of public opinion within which decision-makers must operate. This public opinion study of the United States focused on respondents' opinions of the United States' leadership role in the world and the challenges the country faces domestically and internationally. The survey covered the following international topics: relations with other countries, role in foreign affairs, possible threats to vital interests in the next ten years, foreign policy goals, benefits or drawbacks of globalization, situations that might justify the use of United States troops in other parts of the world, the number and location of United States military bases overseas, respondent feelings toward people of other countries, opinions on the influence of other countries in the world and how much influence those countries should have, whether there should be a global regulating body to prevent economic instability, international trade, United States participation in potential treaties, the United States' role in the United Nations and NATO, respondent opinions on international institutions and regulating bodies such as the United Nations, World Trade Organization, and the World Health Organization, whether the United States will continue to be the world's leading power in the next 50 years, democracy in the Middle East and South Korea, the role of the United Nations Security Council, which side the United States should take in the Israeli-Palestinian conflict, what measures should be taken to deal with Iran's nuclear program, the military effort in Afghanistan, opinions on efforts to combat terrorism and the use of torture to extract information from prisoners, whether the respondent favors or opposes the government selling military equipment to other nations and using nuclear weapons in various circumstances, the economic development of China, and the conflict between North and South Korea. Domestic issues included economic prospects for American children when they become adults, funding for government programs, the fairness of the current distribution of income in the United States, the role of government, whether the government can be trusted to do what is right, climate change, greenhouse gas emissions, United States' dependence on foreign energy sources, drilling for oil and natural gas off the coast of the United States, and relations with Mexico including such issues as the ongoing drug war, as well as immigration and immigration reform. Demographic and other background information included age, gender, race/ethnicity, marital status, left-right political self-placement, political affiliation, employment status, highest level of education, and religious preference. Also included are household size and composition, whether the respondent is head of household, household income, housing type, ownership status of living quarters, household Internet access, Metropolitan Statistical Area (MSA) status, and region and state of residence.

Although the American Community Survey (ACS) produces population, demographic and housing unit estimates, the decennial census is the official source of population totals for April 1st of each decennial year. In between censuses, the Census Bureau's Population Estimates Program produces and disseminates the official estimates of the population for the nation, states, counties, cities, and towns and estimates of housing units and the group quarters population for states and counties..Information about the American Community Survey (ACS) can be found on the ACS website. Supporting documentation including code lists, subject definitions, data accuracy, and statistical testing, and a full list of ACS tables and table shells (without estimates) can be found on the Technical Documentation section of the ACS website.Sample size and data quality measures (including coverage rates, allocation rates, and response rates) can be found on the American Community Survey website in the Methodology section..Source: U.S. Census Bureau, 2019-2023 American Community Survey 5-Year Estimates.ACS data generally reflect the geographic boundaries of legal and statistical areas as of January 1 of the estimate year. For more information, see Geography Boundaries by Year..Data are based on a sample and are subject to sampling variability. The degree of uncertainty for an estimate arising from sampling variability is represented through the use of a margin of error. The value shown here is the 90 percent margin of error. The margin of error can be interpreted roughly as providing a 90 percent probability that the interval defined by the estimate minus the margin of error and the estimate plus the margin of error (the lower and upper confidence bounds) contains the true value. In addition to sampling variability, the ACS estimates are subject to nonsampling error (for a discussion of nonsampling variability, see ACS Technical Documentation). The effect of nonsampling error is not represented in these tables..Users must consider potential differences in geographic boundaries, questionnaire content or coding, or other methodological issues when comparing ACS data from different years. Statistically significant differences shown in ACS Comparison Profiles, or in data users' own analysis, may be the result of these differences and thus might not necessarily reflect changes to the social, economic, housing, or demographic characteristics being compared. For more information, see Comparing ACS Data..Total. Includes people who reported American Indian (including Canadian Indian), Latin American Indian, or Alaska Native only, regardless of whether they reported one or more American Indian, Latin American Indian, or Alaska Native tribes and villages.All other American Indian tribes (with only one tribe reported). Includes respondents who provided a response of another American Indian tribe not shown separately, such as Abenaki Nation of Missisquoi, Catawba Indian Nation, Kickapoo Tribe of Oklahoma, Mattaponi Indian Tribe, Piqua Shawnee Tribe, or Quapaw Nation. American Indian, not specified. Includes respondents who provided a response such as "American Indian."All other Latin American Indian (with only one group reported). Includes respondents who provided a response of another Latin American Indian group not shown separately, such as Arawak, Lenca, Pipil, Quechua, Toltec, or Zapotec.All other Alaska Native tribes and villages (with only one tribe or village reported). Includes respondents who provided a response of another Alaska Native tribe or village not shown separately, such as Aleut Corporation, Native Village of Unalakleet, Noorvik Native Community, Orutsararmiut Traditional Native Council, Sitka Tribe of Alaska, or Village of Kaltag. Alaska Native, not specified. Includes respondents who provided a response such as "Alaska Indian" or "Alaska Native".American Indian and Alaska Native, not specified. Includes respondents who selected the American Indian or Alaska Native response category on the ACS questionnaire and did not provide a specific group. Two or more American Indian and Alaska Native tribes and villages. Includes respondents who provided multiple American Indian or Alaska Native tribes and villages responses, such as Cherokee Nation and Hopi Tribe of Arizona; or Native Village of Barrow Inupiat Traditional Government and Arctic Slope Corporation; or Confederated Tribes of the Colville Reservation and Tlingit.".The Hispanic origin and race codes were updated in 2020. For more information on the Hispanic origin and race code changes, please visit the American Community Survey Technical Documentation website..Estimates of urban and rural populations, housing units, and characteristics reflect boundaries of urban areas defined based on 2020 Census data. As a result, data for urban and rural areas from the ACS do not necessarily reflect the results of ongoing urbanization..Explanation of Symbols:- The estimate could not be com...

Graph and download economic data for Homeownership Rates by Race and Ethnicity: Non-Hispanic White Alone in the United States (NHWAHORUSQ156N) from Q1 1994 to Q2 2025 about white, homeownership, non-hispanic, rate, and USA.

Graph and download economic data for Consumer Unit Characteristics: Percent Homeowner by Age: from Age 25 to 34 (CXUHOMEOWNLB0403M) from 1990 to 2023 about consumer unit, age, homeownership, 25 years +, percent, and USA.