Home Ownership Rate in the United States decreased to 65.10 percent in the first quarter of 2025 from 65.70 percent in the fourth 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.

Graph and download economic data for Homeownership Rate in the United States (RHORUSQ156N) from Q1 1965 to Q2 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 **** percent in 2024, *** 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.

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.

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

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.

Homeownership Rate for California was 55.30% in January of 2024, according to the United States Federal Reserve. Historically, Homeownership Rate for California reached a record high of 60.20 in January of 2006 and a record low of 53.60 in January of 1989. Trading Economics provides the current actual value, an historical data chart and related indicators for Homeownership Rate for California - last updated from the United States Federal Reserve on September 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 July of 2025.

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.

Homeownership Rate for Georgia was 64.50% in January of 2024, 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 September of 2025.

Homeownership Rate for Ohio was 69.60% in January of 2024, according to the United States Federal Reserve. Historically, Homeownership Rate for Ohio reached a record high of 73.30 in January of 2005 and a record low of 66.00 in January of 2017. Trading Economics provides the current actual value, an historical data chart and related indicators for Homeownership Rate for Ohio - last updated from the United States Federal Reserve on July of 2025.

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.

Homeownership Rate for Colorado was 65.70% in January of 2024, according to the United States Federal Reserve. Historically, Homeownership Rate for Colorado reached a record high of 71.30 in January of 2003 and a record low of 58.60 in January of 1989. Trading Economics provides the current actual value, an historical data chart and related indicators for Homeownership Rate for Colorado - last updated from the United States Federal Reserve on July of 2025.

Homeownership Rate for Florida was 68.40% in January of 2024, according to the United States Federal Reserve. Historically, Homeownership Rate for Florida reached a record high of 72.40 in January of 2005 and a record low of 64.10 in January of 2017. Trading Economics provides the current actual value, an historical data chart and related indicators for Homeownership Rate for Florida - last updated from the United States Federal Reserve on September of 2025.

Graph and download economic data for Homeownership Rate for California (CAHOWN) from 1984 to 2024 about homeownership, CA, housing, rate, and USA.

The homeowner vacancy rate in the United States reached its lowest value in 2022, followed by an increase in the next two years. 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. Homeownership attitude in the U.S. Individuals may have unique opportunities or inclinations 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 2024, 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.

Homeownership Rate for the United States was 65.60% in January of 2024, according to the United States Federal Reserve. Historically, Homeownership Rate for the United States reached a record high of 69.00 in January of 2004 and a record low of 63.40 in January of 2016. Trading Economics provides the current actual value, an historical data chart and related indicators for Homeownership Rate for the United States - last updated from the United States Federal Reserve on September 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 August of 2025.

Graph and download economic data for Homeownership Rate for New York (NYHOWN) from 1984 to 2024 about homeownership, NY, housing, 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 September of 2025.