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.

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

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.

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.

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.

In the presented European countries, the homeownership rate extended from 42 percent in Switzerland to as much as 96 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 27 European countries has remained relatively stable over the past few years. Average cost of housing Countries with lower homeownership rates tend to have higher house prices. In 2023, 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 2023, European countries completed between one and six housing units per 1,000 citizens, with Ireland, Poland, and Denmark responsible 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.

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.

United States Homeownership Rate: Annual data was reported at 63.900 % in 2017. This records an increase from the previous number of 63.400 % for 2016. United States Homeownership Rate: Annual data is updated yearly, averaging 64.700 % from Dec 1965 (Median) to 2017, with 53 observations. The data reached an all-time high of 69.000 % in 2004 and a record low of 63.000 % in 1965. United States Homeownership Rate: Annual 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.

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.

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.

Home Ownership Rate in Germany decreased to 47.20 percent in 2024 from 47.60 percent in 2023. This dataset provides the latest reported value for - Germany Home Ownership Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

United States Homeownership Rate: 40 to 44 Years data was reported at 61.800 % in 2017. This records a decrease from the previous number of 62.000 % for 2016. United States Homeownership Rate: 40 to 44 Years data is updated yearly, averaging 69.850 % from Dec 1982 (Median) to 2017, with 36 observations. The data reached an all-time high of 73.000 % in 1982 and a record low of 61.600 % in 2015. United States Homeownership Rate: 40 to 44 Years 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.

Home Ownership Rate in Austria increased to 54.50 percent in 2024 from 54.30 percent in 2023. This dataset provides the latest reported value for - Austria Home Ownership Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Home Ownership Rate in Russia increased to 92.60 percent in 2023 from 92 percent in 2022. This dataset provides the latest reported value for - Russia Home Ownership Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

This statistic shows the homeownership rate in the United States between 2001 to 2009 and 2010 to 2017, by income. Between the second period, the homeownership rate of respondents who earn more than 150,000 U.S. dollars was 84 percent, which was a seven percent decrease from the first period.

Home Ownership Rate in Japan decreased to 61.20 percent in 2018 from 61.70 percent in 2013. This dataset provides the latest reported value for - Japan Home Ownership Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Home Ownership Rate in Sweden decreased to 64.80 percent in 2024 from 64.90 percent in 2023. This dataset provides the latest reported value for - Sweden 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 ** percent of individuals aged 70 to 75 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.

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.

Graph and download economic data for Homeownership Rate for Oregon (ORHOWN) from 1984 to 2024 about OR, homeownership, housing, rate, and USA.