The homeownership rate reached an all-time high in 2004, climbing to 69.0 percent. It is still well below that level 15 years later. The homeownership rate was just 64.6 percent in 2019—4.4 percentage points lower than the all-time high, according to the Census Bureau.
After hitting 69.0 percent in 2004, the homeownership rate fell for the next 12 years. It finally bottomed out in 2016 at 63.4 percent. Since then, there has been a recovery of sorts. For the past three years, homeownership has been inching up. The 2019 rate of 64.6 percent is just 1.2 percentage points higher than the low of 2016, a fragile recovery that could be derailed by another economic downturn.
Homeownership rate by age of householder in 2019 (and percentage-point change since 2016)
Under age 25: 23.2 (+1.3)
Aged 25 to 29: 32.9 (+2.0)
Aged 30 to 34: 48.0 (+2.8)
Aged 35 to 39: 57.2 (+1.9)
Aged 40 to 44: 63.2 (+1.2)
Aged 45 to 49: 68.2 (+1.5)
Aged 50 to 54: 71.9 (+0.3)
Aged 55 to 59: 73.9 (-0.1)
Aged 60 to 64: 76.6 (+0.5)
Aged 65-plus: 78.6 (-0.2)
Source: Census Bureau, Housing Vacancies and Homeownership, 2019 Annual Statistics
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