Thursday, February 23, 2017

Homeownership by Region, Peak Year to 2016

Nationally, the rate of homeownership fell to 63.4 percent in 2016, according to the Census Bureau's Housing Vacancies and Homeownership survey. To find a lower homeownership rate, you have to go all the way back to 1965. But homeownership trends vary by region...

Northeast homeownership rate
2016: 60.2% (lowest rate since 1976)
2015: 60.9%
2005: 65.2% (peak year)

Midwest homeownership rate
2016: 68.4% (slightly higher than 2015)
2015: 68.3% (lowest rate since 1989)
2004: 73.8% (peak year)

South homeownership rate
2016: 65.0% (lowest rate since 1965)
2015: 65.1%
2004: 70.9% (peak year)

West homeownership rate
2016: 58.5% (lowest rate since 1987)
2015: 58.7%
2006: 64.7% (peak year)

Source: Census Bureau, Housing Vacancies and Homeownership

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