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 **** 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.

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.

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 Rate for the United States (USHOWN) from 1984 to 2024 about homeownership, 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.

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.

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: All Other Races: Total in the United States (AORHORUSQ156N) from Q1 1994 to Q1 2025 about homeownership, rate, and USA.

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

United States Homeownership Rate: Less than 25 Years data was reported at 22.600 % in 2017. This records an increase from the previous number of 21.900 % for 2016. United States Homeownership Rate: Less than 25 Years data is updated yearly, averaging 20.800 % from Dec 1982 (Median) to 2017, with 36 observations. The data reached an all-time high of 25.700 % in 2005 and a record low of 14.800 % in 1993. United States Homeownership Rate: Less than 25 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 rate is the proportion of households that is owner-occupied.

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 ******* U.S. dollars was ** percent, which was a ***** percent decrease from the first period.

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 July of 2025.

The Midwest was the U.S. region with the highest homeownership rate in the United States in 2023. Approximately ** percent of all homes were owned by their occupants in that year, which was about **** percent higher than the national average. At the other end of the scale was the West region, where less than ** percent of people owned their home. Overall, the homeownership rate in the U.S. has declined since 2003.

United States Homeownership Rate: 30 to 34 Years data was reported at 45.700 % in 2017. This records an increase from the previous number of 45.400 % for 2016. United States Homeownership Rate: 30 to 34 Years data is updated yearly, averaging 53.200 % from Dec 1982 (Median) to 2017, with 36 observations. The data reached an all-time high of 57.400 % in 2004 and a record low of 45.400 % in 2016. United States Homeownership Rate: 30 to 34 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.

Graph and download economic data for Homeownership Rate for Georgia (GAHOWN) from 1984 to 2024 about homeownership, GA, housing, rate, and USA.

The homeownership rate is the proportion of households that is owner-occupied.

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 June of 2025.