Thursday, September 20, 2012

Homeownership Rates by Age: 2011 ACS

When the Census Bureau releases housing statistics from the American Community Survey, it's a big deal. That's because nothing beats the American Community Survey for accuracy (because of its massive sample size) and timeliness (updated every year).

The big deal happened today with the release of 2011 results. Here are ACS homeownership rates by age in 2011 and a comparison with ACS 2010 estimates (in parens). Note: in the past year, the homeownership rate fell in every age group. The biggest decline occurred among householders aged 35 to 44 (down 1.9 percentage points).

Total households: 64.6% (65.4)
Under age 25: 13.5% (14.7)
Aged 25 to 34: 39.7% (41.3)
Aged 35 to 44: 60.0% (61.9)
Aged 45 to 54: 70.7% (71.7)
Aged 55 to 64: 77.1% (77.9)
Aged 65 or older: 78.5% (78.6)

Source: Census Bureau, American Community Survey

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