The nation's homeownership rate fell to 63.4 percent in 2016, down from the peak of 69.0 percent in 2004—a 5.6 percentage point decline. Among householders ranging in age from 30 to 44, the decline was in the double digits, including a 12 percentage-point drop among householders aged 30 to 34 as the age of first-time home buying continues to advance.
Homeownership rate in 2016 (and percentage-point decline since 2004 peak)
Total households: 63.4% (–5.6)
Under 25: 21.9% (–3.3)
25 to 29: 30.9% (–9.3)
30 to 34: 45.4% (–12.0)
35 to 39: 55.3% (–10.9)
40 to 44: 62.0% (–10.0)
45 to 54: 69.3% (–7.9)
55 to 64: 75.0% (–6.7)
65-plus: 78.8% (–2.3)
Source: Census Bureau, Housing Vacancies and Homeownership
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