Graph and download economic data for Homeownership Rate in the United States (RHORUSQ156N) from Q1 1965 to Q1 2025 about homeownership, housing, rate, and USA.

The homeownership rate in the United States declined slightly in 2023 and remained stable in 2024. The U.S. homeownership rate was the highest in 2004 before the 2007-2009 recession hit and decimated the housing market. In 2024, the proportion of households occupied by owners stood at 65.7 percent in 2024, 3.5 percentage points below 2004 levels. Homeownership since the recession The rate of homeownership in the U.S. fell in the lead up to the recession and continued to do so until 2016. Despite this trend, the share of Americans who perceived homeownership as part of their personal American dream remained relatively stable. This suggests that the financial hardship caused by the recession led to the fall in homeownership, rather than a change in opinion about the importance of homeownership itself. What the future holds for homeownership Homeownership trends vary from generation to generation. Homeownership among Americans over 65 years old is declining, whereas most Millennial renters plan to buy a home in the near future. This suggests that homeownership will remain important in the future, as Millennials are forecast to head most households over the next two decades.

Home Ownership Rate in the United States increased to 65.70 percent in the fourth quarter of 2024 from 65.60 percent in the third quarter of 2024. This dataset provides the latest reported value for - United States Home Ownership Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The homeownership rate was the highest among Americans in their early 70s and the lowest among people in their early 20s in 2023. In that year, approximately 81 percent of individuals aged 70 to 75 resided in a residence they owned, compared to approximately 23.6 percent among individuals under the age of 25. On average, 65.9 percent of Americans lived in an owner-occupied home. The homeownership rate was the highest in 2004 but has since declined.

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

Homeownership Rate: 70 to 74 Years data was reported at 81.400 % in 2017. This records a decrease from the previous number of 81.700 % for 2016. Homeownership Rate: 70 to 74 Years data is updated yearly, averaging 81.650 % from Dec 1982 (Median) to 2017, with 36 observations. The data reached an all-time high of 83.500 % in 2012 and a record low of 75.200 % in 1982. Homeownership Rate: 70 to 74 Years data remains active status in CEIC and is reported by US Census Bureau. The data is categorized under Global Database’s USA – Table US.EB008: Housing Vacancy and Home Ownership Rate.

In 2023, the rate of homeownership among White people living in the United States was 74.3 percent. Comparatively, 45.7 percent of Black people owned a home in the same year.

Homeownership Rate: 45 to 49 Years data was reported at 67.500 % in 2017. This records an increase from the previous number of 66.700 % for 2016. Homeownership Rate: 45 to 49 Years data is updated yearly, averaging 74.100 % from Dec 1982 (Median) to 2017, with 36 observations. The data reached an all-time high of 76.300 % in 2004 and a record low of 66.700 % in 2016. Homeownership Rate: 45 to 49 Years data remains active status in CEIC and is reported by US Census Bureau. The data is categorized under Global Database’s USA – Table US.EB008: Housing Vacancy and Home Ownership Rate.

The homeownership among White people in the United States was 74.3 percent, the highest out of all ethnicities, in 2023. American Dream Part of the “American Dream” is the idea of owning a home. It is seen as a status symbol and an indicator of wealth. People take a lot of pride in owning a home, and hope to do so at the earliest age possible. It is the idea of having a white picket fence with a nuclear family, a dog, and a car or two which is seen as the stereotypical “end goal”. However, in the aftermath of the 2008 recession, the rate of homeownership in the United States fell steadily until 2016. The recession hindered people’s chances of owning a home, due to less credit being available and their own fears about being stuck with a home in negative equity if another recession were to occur. As a result, the homeownership rate in the United States has barely increased in the past few years. Factors affecting homeownership Homeownership varies based on different factors. Married-couple families have the highest homeownership rates among different family statuses. Unsurprisingly, households with high incomes have the highest homeownership rates.

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 Q1 2025 about homeownership, white, non-hispanic, rate, and USA.

Home Ownership Rate: South data was reported at 65.400 % in Sep 2018. This records a decrease from the previous number of 65.900 % for Jun 2018. Home Ownership Rate: South data is updated quarterly, averaging 66.600 % from Mar 1964 (Median) to Sep 2018, with 219 observations. The data reached an all-time high of 71.500 % in Dec 2004 and a record low of 63.700 % in Sep 1965. Home Ownership Rate: South data remains active status in CEIC and is reported by US Census Bureau. The data is categorized under Global Database’s United States – Table US.EB008: Housing Vacancy and Home Ownership Rate.

Content

More details about each file are in the individual file descriptions.

Context

This is a dataset from the U.S. Census Bureau hosted by the Federal Reserve Economic Database (FRED). FRED has a data platform found here and they update their information according the amount of data that is brought in. Explore the U.S. Census Bureau using Kaggle and all of the data sources available through the U.S. Census Bureau organization page!

• Update Frequency: This dataset is updated daily.

Acknowledgements

This dataset is maintained using FRED's API and Kaggle's API.

Cover photo by Tyrel Johnson on Unsplash
Unsplash Images are distributed under a unique Unsplash License.

Home ownership persists as the primary way that families build wealth. Housing researchers and advocates often discuss the racial home ownership gap, particularly for Black and Hispanic households (Urban Institute, Pew Hispanic Center). Historical policies such as redlining, steering, and municipal underbounding have effects that stay with us today.This map shows the overall home ownership rate and the home ownership rate by race/ethnicity of householder in a chart in the pop-up. Map is multi-scale showing data for state, county, and tract.This map uses these hosted feature layers containing the most recent American Community Survey data. These layers are part of the ArcGIS Living Atlas, and are updated every year when the American Community Survey releases new estimates, so values in the map always reflect the newest data available.

The homeownership rate in the United States amounted to nearly 66 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 80 percent homeownership rate.

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

Homeownership Rate for Washington was 64.80% in January of 2024, according to the United States Federal Reserve. Historically, Homeownership Rate for Washington reached a record high of 67.60 in January of 2005 and a record low of 61.60 in January of 1995. Trading Economics provides the current actual value, an historical data chart and related indicators for Homeownership Rate for Washington - last updated from the United States Federal Reserve on June of 2025.

Homeownership Rate for Georgia was 64.00% in January of 2021, according to the United States Federal Reserve. Historically, Homeownership Rate for Georgia reached a record high of 71.80 in January of 2002 and a record low of 62.30 in January of 2016. Trading Economics provides the current actual value, an historical data chart and related indicators for Homeownership Rate for Georgia - last updated from the United States Federal Reserve on April of 2025.

Homeownership Rate for Texas was 62.90% in January of 2024, according to the United States Federal Reserve. Historically, Homeownership Rate for Texas reached a record high of 66.50 in January of 2020 and a record low of 58.30 in January of 1992. Trading Economics provides the current actual value, an historical data chart and related indicators for Homeownership Rate for Texas - last updated from the United States Federal Reserve on May of 2025.

Homeownership Rate for Massachusetts was 62.90% in January of 2024, according to the United States Federal Reserve. Historically, Homeownership Rate for Massachusetts reached a record high of 65.80 in January of 2012 and a record low of 58.60 in January of 1990. Trading Economics provides the current actual value, an historical data chart and related indicators for Homeownership Rate for Massachusetts - last updated from the United States Federal Reserve on May of 2025.

Homeownership Rate for Michigan was 73.30% in January of 2024, according to the United States Federal Reserve. Historically, Homeownership Rate for Michigan reached a record high of 77.40 in January of 2006 and a record low of 70.60 in January of 1991. Trading Economics provides the current actual value, an historical data chart and related indicators for Homeownership Rate for Michigan - last updated from the United States Federal Reserve on May of 2025.