The nation's homeownership rate will fall from 65.1 percent in 2010 to to 61.3 percent in 2030, according to a study by the Urban Institute. Behind the decline are the financial struggles of young adults and the growing minority share of the population. The homeownership rate is projected to decline in all but the oldest age group, with the biggest losses occurring among householders ranging in age from 35 to 64.
Homeownership rate by age of householder in 2030 (and percentage point change, 2010-30)
Aged 15 to 24: 13.4% (-2.7)
Aged 25 to 34: 37.8% (-4.2)
Aged 35 to 44: 55.2% (-7.1)
Aged 45 to 54: 64.6% (-6.9)
Aged 55 to 64: 69.6% (-7.7)
Aged 65 to 74: 73.9% (-6.3)
Aged 75 to 84: 74.4% (-3.5)
Aged 85-plus: 68.5% (2.3)
Source: Urban Institute, A Lower Homeownership Rate is the New Normal
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