The homeownership rate was the highest among Americans in their early 70s and the lowest among people in their early 20s in 2024. In that year, approximately **** percent of individuals aged 70 to 74 resided in a residence they owned, compared to approximately ** percent among individuals under the age of 25. On average, **** 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 Consumer Unit Characteristics: Percent Homeowner with Mortgage by Age: from Age 45 to 54 (CXU980230LB0405M) from 1984 to 2023 about consumer unit, age, homeownership, mortgage, percent, and USA.

About 36 percent of homeowners in England were aged 65 and above, which contrasts sharply with younger age groups, particularly those under 35. Young adults between 25 and 35, made up 15 percent of homeowners and had a dramatically lower homeownership rate. The disparity highlights the growing challenges faced by younger generations in entering the property market, a trend that has significant implications for wealth distribution and social mobility. Barriers to homeownership for young adults The path to homeownership has become increasingly difficult for young adults in the UK. A 2023 survey revealed that mortgage affordability was the greatest obstacle to property purchase. This represents a 39 percent increase from 2021, reflecting the impact of rising house prices and mortgage rates. Despite these challenges, one in three young adults still aspire to get on the property ladder as soon as possible, though many have put their plans on hold. The need for additional financial support from family, friends, and lenders has become more prevalent, with one in five young adults acknowledging this necessity. Regional disparities and housing supply The housing market in England faces regional challenges, with North West England and the West Midlands experiencing the largest mismatch between housing supply and demand in 2023. This imbalance is evident in the discrepancy between new homes added to the housing stock and the number of new households formed. London, despite showing signs of housing shortage, has seen the largest difference between homes built and households formed. The construction of new homes has been volatile, with a significant drop in 2020, a rebound in 2021 and a gradual decline until 2024.

The distribution of all owner-occupier households in England in 2024 varied per age group, as well as the type of home financing. The older the age group, the larger the share of owner-occupier homeowners who purchased their home outright. A share of 2.1 percent of own outright homeowners were between the ages of 25 to 34, whereas a share of 62.1 percent of own outright homeowners were aged 65 and over. Although this is the case, the largest share of homeowners who purchased their house with a mortgage was in the age range of 35 to 44 years old.

According to a survey on homeownership in South Korea in January 2023, those aged between 30 to 39 years old were most likely to answer that they should own their house among age groups. On average, around ** percent of respondents agreed that they should own a home.

Among heads of households in their seventies in South Korea, about ** percent owned homes in 2022, followed by those in their sixties at around ** percent. According to the source, the homeownership rate overall that year was ** percent. Decreasing housing purchases There has been a decline in apartment prices, as the prices have averaged over ************ South Korean won per square meter and surpassed ** million won in the capital city of Seoul. This decline has partly led to lower housing transactions, with the volume of housing transactions dropping below ***********. Since 2021, the sales price index for housing purchases in South Korea has experienced a sharp decline. Living in South Korea There has been a slight increase in living space per person despite the high population density in South Korean cities. While most households live in high-rise apartments with **** or more stories, only a fraction live in stand-alone houses. Nonetheless, most Koreans in their thirties believe they should own their own house, though financial factors may make this difficult to achieve.

Graph and download economic data for Consumer Unit Characteristics: Percent Homeowner without Mortgage by Age: from Age 45 to 54 (CXU980240LB0405M) from 1984 to 2023 about consumer unit, age, homeownership, mortgage, percent, and USA.

Homeownership in England showed a stark generational divide in 2024. About ** percent of those aged 65 and above lived in an owner-occupied home, which contrasts sharply with younger age groups, particularly those under **. Less than half of 25 to 35 year-olds lived in an owner-occupied home. The disparity highlights the growing challenges faced by younger generations in entering the property market, a trend that has significant implications for wealth distribution and social mobility.

Homeownership Rate - Age 25 to 34: 33 years of historical data from 1990 to 2023.

This statistic shows the homeownership rates of seniors in the United States in 2018, by age. In 2018, Americans aged 84 had the highest homeownership rate among all seniors at ***** percent, whereas ** year olds had the lowest at ***** percent.

The statistic shows the share of U.S. homeowners who rent or own their home in 2016, by age. The survey revealed that ** percent of respondents, aged 18 to 29 years, live in a rented apartment.

Homeownership Without Mortgage by Age 25-34: 39 years of historical data from 1984 to 2023.

This statistic displays the share of adults in the Untied Kingdom (UK) that outright own their home in 2020, by age group. There is a clear correlation between age and home ownership with ** percent of those between 65 and 74 years owning their dwelling outright. Among adults aged between 18 and 24 only *** percent own their home outright. A similar trend is observed when it comes to home ownership by age group.

The U.S. homeownership rate for householders over 65 years of age fluctuated between **** percent and **** percent since 2011. In the third quarter of 2024, approximately ** percent of people over 65 years of age inhabited an owner-occupied home. This was much higher than the average homeownership rate in the United States.

Average age and remaining useful service life ratio of Canadian residential housing assets. Annual estimates are available by province and territory, type of asset, and type of dwelling.

Older housing can impact the quality of the occupant's health in a number of ways, including lead exposure, housing quality, and factors that may exacerbate respiratory conditions, like asthma. Data from the U.S. Census Bureau contains Census Tract estimates of housing age, and Allegheny County assessment data provides parcel-level information on the year residential properties were built.

In the 2 years to March 2023, the average age of first-time buyers was 32 years old.

Our US Home Ownership Data is gathered and aggregated via surveys, digital services, and public data sources. We use powerful profiling algorithms to collect and ingest only fresh and reliable data points.

Our comprehensive data enrichment solution includes various data sets that can help you address gaps in your customer data, gain a deeper understanding of your customers, and power superior client experiences. 1. Geography - City, State, ZIP, County, CBSA, Census Tract, etc. 2. Demographics - Gender, Age Group, Marital Status, Language etc. 3. Financial - Income Range, Credit Rating Range, Credit Type, Net worth Range, etc 4. Persona - Consumer type, Communication preferences, Family type, etc 5. Interests - Content, Brands, Shopping, Hobbies, Lifestyle etc. 6. Household - Number of Children, Number of Adults, IP Address, etc. 7. Behaviours - Brand Affinity, App Usage, Web Browsing etc. 8. Firmographics - Industry, Company, Occupation, Revenue, etc 9. Retail Purchase - Store, Category, Brand, SKU, Quantity, Price etc. 10. Auto - Car Make, Model, Type, Year, etc. 11. Housing - Home type, Home value, Renter/Owner, Year Built etc.

Consumer Graph Schema & Reach: Our data reach represents the total number of counts available within various categories and comprises attributes such as country location, MAU, DAU & Monthly Location Pings:

Data Export Methodology: Since we collect data dynamically, we provide the most updated data and insights via a best-suited method on a suitable interval (daily/weekly/monthly).

Consumer Graph Use Cases: 360-Degree Customer View: Get a comprehensive image of customers by the means of internal and external data aggregation. Data Enrichment: Leverage Online to offline consumer profiles to build holistic audience segments to improve campaign targeting using user data enrichment Fraud Detection: Use multiple digital (web and mobile) identities to verify real users and detect anomalies or fraudulent activity. Advertising & Marketing: Understand audience demographics, interests, lifestyle, hobbies, and behaviors to build targeted marketing campaigns.

Home Ownership Rate in Canada decreased to 66.70 percent in 2023 from 69.30 percent in 2021. This dataset provides the latest reported value for - Canada Home Ownership Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.