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United States Home Ownership Rate

Price

65.6 %

Change +/-

-0.1 %

Percentage Change

-0.15 %

The current value of the Home Ownership Rate in United States is 65.6 %. The Home Ownership Rate in United States decreased to 65.6 % on 3/1/2024, after it was 65.7 % on 12/1/2023. From 3/1/1965 to 6/1/2024, the average GDP in United States was 65.27 %. The all-time high was reached on 6/1/2004 with 69.2 %, while the lowest value was recorded on 3/1/1965 with 62.9 %.

Source: U.S. Census Bureau

Home Ownership Rate ·

3 years
5 years
10 years
25 Years
Max

Homeownership Rate

	Homeownership Rate
3/1/1965	62.9 %
6/1/1965	62.9 %
9/1/1965	62.9 %
12/1/1965	63.4 %
3/1/1966	63.5 %
6/1/1966	63.2 %
9/1/1966	63.3 %
12/1/1966	63.8 %
3/1/1967	63.3 %
6/1/1967	63.9 %
9/1/1967	63.8 %
12/1/1967	63.5 %
3/1/1968	63.6 %
6/1/1968	64.1 %
9/1/1968	64.1 %
12/1/1968	63.6 %
3/1/1969	64.1 %
6/1/1969	64.4 %
9/1/1969	64.4 %
12/1/1969	64.4 %
3/1/1970	64.3 %
6/1/1970	64 %
9/1/1970	64.4 %
12/1/1970	64 %
3/1/1971	64 %
6/1/1971	64.1 %
9/1/1971	64.4 %
12/1/1971	64.5 %
3/1/1972	64.3 %
6/1/1972	64.5 %
9/1/1972	64.3 %
12/1/1972	64.4 %
3/1/1973	64.9 %
6/1/1973	64.4 %
9/1/1973	64.4 %
12/1/1973	64.4 %
3/1/1974	64.8 %
6/1/1974	64.8 %
9/1/1974	64.6 %
12/1/1974	64.4 %
3/1/1975	64.4 %
6/1/1975	64.9 %
9/1/1975	64.6 %
12/1/1975	64.5 %
3/1/1976	64.6 %
6/1/1976	64.6 %
9/1/1976	64.9 %
12/1/1976	64.8 %
3/1/1977	64.8 %
6/1/1977	64.5 %
9/1/1977	65 %
12/1/1977	64.9 %
3/1/1978	64.8 %
6/1/1978	64.4 %
9/1/1978	65.2 %
12/1/1978	65.4 %
3/1/1979	64.8 %
6/1/1979	64.9 %
9/1/1979	65.8 %
12/1/1979	65.4 %
3/1/1980	65.5 %
6/1/1980	65.5 %
9/1/1980	65.8 %
12/1/1980	65.5 %
3/1/1981	65.6 %
6/1/1981	65.3 %
9/1/1981	65.6 %
12/1/1981	65.2 %
3/1/1982	64.8 %
6/1/1982	64.9 %
9/1/1982	64.9 %
12/1/1982	64.5 %
3/1/1983	64.7 %
6/1/1983	64.7 %
9/1/1983	64.8 %
12/1/1983	64.4 %
3/1/1984	64.6 %
6/1/1984	64.6 %
9/1/1984	64.6 %
12/1/1984	64.1 %
3/1/1985	64.1 %
6/1/1985	64.1 %
9/1/1985	63.9 %
12/1/1985	63.5 %
3/1/1986	63.6 %
6/1/1986	63.8 %
9/1/1986	63.8 %
12/1/1986	63.9 %
3/1/1987	63.8 %
6/1/1987	63.8 %
9/1/1987	64.2 %
12/1/1987	64.1 %
3/1/1988	63.7 %
6/1/1988	63.7 %
9/1/1988	64 %
12/1/1988	63.8 %
3/1/1989	63.9 %
6/1/1989	63.8 %
9/1/1989	64.1 %
12/1/1989	63.8 %
3/1/1990	64 %
6/1/1990	63.7 %
9/1/1990	64 %
12/1/1990	64.1 %
3/1/1991	63.9 %
6/1/1991	63.9 %
9/1/1991	64.2 %
12/1/1991	64.2 %
3/1/1992	64 %
6/1/1992	63.9 %
9/1/1992	64.3 %
12/1/1992	64.4 %
3/1/1993	63.7 %
6/1/1993	63.9 %
9/1/1993	64.2 %
12/1/1993	64.2 %
3/1/1994	63.8 %
6/1/1994	63.8 %
9/1/1994	64.1 %
12/1/1994	64.2 %
3/1/1995	64.2 %
6/1/1995	64.7 %
9/1/1995	65 %
12/1/1995	65.1 %
3/1/1996	65.1 %
6/1/1996	65.4 %
9/1/1996	65.6 %
12/1/1996	65.4 %
3/1/1997	65.4 %
6/1/1997	65.7 %
9/1/1997	66 %
12/1/1997	65.7 %
3/1/1998	65.9 %
6/1/1998	66 %
9/1/1998	66.8 %
12/1/1998	66.4 %
3/1/1999	66.7 %
6/1/1999	66.6 %
9/1/1999	67 %
12/1/1999	66.9 %
3/1/2000	67.1 %
6/1/2000	67.2 %
9/1/2000	67.7 %
12/1/2000	67.5 %
3/1/2001	67.5 %
6/1/2001	67.7 %
9/1/2001	68.1 %
12/1/2001	68 %
3/1/2002	67.8 %
6/1/2002	67.6 %
9/1/2002	68 %
12/1/2002	68.3 %
3/1/2003	68 %
6/1/2003	68 %
9/1/2003	68.4 %
12/1/2003	68.6 %
3/1/2004	68.6 %
6/1/2004	69.2 %
9/1/2004	69 %
12/1/2004	69.2 %
3/1/2005	69.1 %
6/1/2005	68.6 %
9/1/2005	68.8 %
12/1/2005	69 %
3/1/2006	68.5 %
6/1/2006	68.7 %
9/1/2006	69 %
12/1/2006	68.9 %
3/1/2007	68.4 %
6/1/2007	68.2 %
9/1/2007	68.2 %
12/1/2007	67.8 %
3/1/2008	67.8 %
6/1/2008	68.1 %
9/1/2008	67.9 %
12/1/2008	67.5 %
3/1/2009	67.3 %
6/1/2009	67.4 %
9/1/2009	67.6 %
12/1/2009	67.2 %
3/1/2010	67.1 %
6/1/2010	66.9 %
9/1/2010	66.9 %
12/1/2010	66.5 %
3/1/2011	66.4 %
6/1/2011	65.9 %
9/1/2011	66.3 %
12/1/2011	66 %
3/1/2012	65.4 %
6/1/2012	65.5 %
9/1/2012	65.5 %
12/1/2012	65.4 %
3/1/2013	65 %
6/1/2013	65 %
9/1/2013	65.3 %
12/1/2013	65.2 %
3/1/2014	64.8 %
6/1/2014	64.7 %
9/1/2014	64.4 %
12/1/2014	64 %
3/1/2015	63.7 %
6/1/2015	63.4 %
9/1/2015	63.7 %
12/1/2015	63.8 %
3/1/2016	63.5 %
6/1/2016	62.9 %
9/1/2016	63.5 %
12/1/2016	63.7 %
3/1/2017	63.6 %
6/1/2017	63.7 %
9/1/2017	63.9 %
12/1/2017	64.2 %
3/1/2018	64.2 %
6/1/2018	64.3 %
9/1/2018	64.4 %
12/1/2018	64.8 %
3/1/2019	64.2 %
6/1/2019	64.1 %
9/1/2019	64.8 %
12/1/2019	65.1 %
3/1/2020	65.3 %
6/1/2020	67.9 %
9/1/2020	67.4 %
12/1/2020	65.8 %
3/1/2021	65.6 %
6/1/2021	65.4 %
9/1/2021	65.4 %
12/1/2021	65.5 %
3/1/2022	65.4 %
6/1/2022	65.8 %
9/1/2022	66 %
12/1/2022	65.9 %
3/1/2023	66 %
6/1/2023	65.9 %
9/1/2023	66 %
12/1/2023	65.7 %
3/1/2024	65.6 %

Home Ownership Rate History

Date	Value
3/1/2024	65.6 %
12/1/2023	65.7 %
9/1/2023	66 %
6/1/2023	65.9 %
3/1/2023	66 %
12/1/2022	65.9 %
9/1/2022	66 %
6/1/2022	65.8 %
3/1/2022	65.4 %
12/1/2021	65.5 %
9/1/2021	65.4 %
6/1/2021	65.4 %
3/1/2021	65.6 %
12/1/2020	65.8 %
9/1/2020	67.4 %
6/1/2020	67.9 %
3/1/2020	65.3 %
12/1/2019	65.1 %
9/1/2019	64.8 %
6/1/2019	64.1 %
3/1/2019	64.2 %
12/1/2018	64.8 %
9/1/2018	64.4 %
6/1/2018	64.3 %
3/1/2018	64.2 %
12/1/2017	64.2 %
9/1/2017	63.9 %
6/1/2017	63.7 %
3/1/2017	63.6 %
12/1/2016	63.7 %
9/1/2016	63.5 %
6/1/2016	62.9 %
3/1/2016	63.5 %
12/1/2015	63.8 %
9/1/2015	63.7 %
6/1/2015	63.4 %
3/1/2015	63.7 %
12/1/2014	64 %
9/1/2014	64.4 %
6/1/2014	64.7 %
3/1/2014	64.8 %
12/1/2013	65.2 %
9/1/2013	65.3 %
6/1/2013	65 %
3/1/2013	65 %
12/1/2012	65.4 %
9/1/2012	65.5 %
6/1/2012	65.5 %
3/1/2012	65.4 %
12/1/2011	66 %
9/1/2011	66.3 %
6/1/2011	65.9 %
3/1/2011	66.4 %
12/1/2010	66.5 %
9/1/2010	66.9 %
6/1/2010	66.9 %
3/1/2010	67.1 %
12/1/2009	67.2 %
9/1/2009	67.6 %
6/1/2009	67.4 %
3/1/2009	67.3 %
12/1/2008	67.5 %
9/1/2008	67.9 %
6/1/2008	68.1 %
3/1/2008	67.8 %
12/1/2007	67.8 %
9/1/2007	68.2 %
6/1/2007	68.2 %
3/1/2007	68.4 %
12/1/2006	68.9 %
9/1/2006	69 %
6/1/2006	68.7 %
3/1/2006	68.5 %
12/1/2005	69 %
9/1/2005	68.8 %
6/1/2005	68.6 %
3/1/2005	69.1 %
12/1/2004	69.2 %
9/1/2004	69 %
6/1/2004	69.2 %
3/1/2004	68.6 %
12/1/2003	68.6 %
9/1/2003	68.4 %
6/1/2003	68 %
3/1/2003	68 %
12/1/2002	68.3 %
9/1/2002	68 %
6/1/2002	67.6 %
3/1/2002	67.8 %
12/1/2001	68 %
9/1/2001	68.1 %
6/1/2001	67.7 %
3/1/2001	67.5 %
12/1/2000	67.5 %
9/1/2000	67.7 %
6/1/2000	67.2 %
3/1/2000	67.1 %
12/1/1999	66.9 %
9/1/1999	67 %
6/1/1999	66.6 %
3/1/1999	66.7 %
12/1/1998	66.4 %
9/1/1998	66.8 %
6/1/1998	66 %
3/1/1998	65.9 %
12/1/1997	65.7 %
9/1/1997	66 %
6/1/1997	65.7 %
3/1/1997	65.4 %
12/1/1996	65.4 %
9/1/1996	65.6 %
6/1/1996	65.4 %
3/1/1996	65.1 %
12/1/1995	65.1 %
9/1/1995	65 %
6/1/1995	64.7 %
3/1/1995	64.2 %
12/1/1994	64.2 %
9/1/1994	64.1 %
6/1/1994	63.8 %
3/1/1994	63.8 %
12/1/1993	64.2 %
9/1/1993	64.2 %
6/1/1993	63.9 %
3/1/1993	63.7 %
12/1/1992	64.4 %
9/1/1992	64.3 %
6/1/1992	63.9 %
3/1/1992	64 %
12/1/1991	64.2 %
9/1/1991	64.2 %
6/1/1991	63.9 %
3/1/1991	63.9 %
12/1/1990	64.1 %
9/1/1990	64 %
6/1/1990	63.7 %
3/1/1990	64 %
12/1/1989	63.8 %
9/1/1989	64.1 %
6/1/1989	63.8 %
3/1/1989	63.9 %
12/1/1988	63.8 %
9/1/1988	64 %
6/1/1988	63.7 %
3/1/1988	63.7 %
12/1/1987	64.1 %
9/1/1987	64.2 %
6/1/1987	63.8 %
3/1/1987	63.8 %
12/1/1986	63.9 %
9/1/1986	63.8 %
6/1/1986	63.8 %
3/1/1986	63.6 %
12/1/1985	63.5 %
9/1/1985	63.9 %
6/1/1985	64.1 %
3/1/1985	64.1 %
12/1/1984	64.1 %
9/1/1984	64.6 %
6/1/1984	64.6 %
3/1/1984	64.6 %
12/1/1983	64.4 %
9/1/1983	64.8 %
6/1/1983	64.7 %
3/1/1983	64.7 %
12/1/1982	64.5 %
9/1/1982	64.9 %
6/1/1982	64.9 %
3/1/1982	64.8 %
12/1/1981	65.2 %
9/1/1981	65.6 %
6/1/1981	65.3 %
3/1/1981	65.6 %
12/1/1980	65.5 %
9/1/1980	65.8 %
6/1/1980	65.5 %
3/1/1980	65.5 %
12/1/1979	65.4 %
9/1/1979	65.8 %
6/1/1979	64.9 %
3/1/1979	64.8 %
12/1/1978	65.4 %
9/1/1978	65.2 %
6/1/1978	64.4 %
3/1/1978	64.8 %
12/1/1977	64.9 %
9/1/1977	65 %
6/1/1977	64.5 %
3/1/1977	64.8 %
12/1/1976	64.8 %
9/1/1976	64.9 %
6/1/1976	64.6 %
3/1/1976	64.6 %
12/1/1975	64.5 %
9/1/1975	64.6 %
6/1/1975	64.9 %
3/1/1975	64.4 %
12/1/1974	64.4 %
9/1/1974	64.6 %
6/1/1974	64.8 %
3/1/1974	64.8 %
12/1/1973	64.4 %
9/1/1973	64.4 %
6/1/1973	64.4 %
3/1/1973	64.9 %
12/1/1972	64.4 %
9/1/1972	64.3 %
6/1/1972	64.5 %
3/1/1972	64.3 %
12/1/1971	64.5 %
9/1/1971	64.4 %
6/1/1971	64.1 %
3/1/1971	64 %
12/1/1970	64 %
9/1/1970	64.4 %
6/1/1970	64 %
3/1/1970	64.3 %
12/1/1969	64.4 %
9/1/1969	64.4 %
6/1/1969	64.4 %
3/1/1969	64.1 %
12/1/1968	63.6 %
9/1/1968	64.1 %
6/1/1968	64.1 %
3/1/1968	63.6 %
12/1/1967	63.5 %
9/1/1967	63.8 %
6/1/1967	63.9 %
3/1/1967	63.3 %
12/1/1966	63.8 %
9/1/1966	63.3 %
6/1/1966	63.2 %
3/1/1966	63.5 %
12/1/1965	63.4 %
9/1/1965	62.9 %
6/1/1965	62.9 %
3/1/1965	62.9 %

...

Similar Macro Indicators to Home Ownership Rate

Name	Current	Previous	Frequency
🇺🇸 15-Year Mortgage Rate	6 %	5.92 %	frequency_weekly
🇺🇸 30-Year Mortgage Rate	6.86 %	6.87 %	frequency_weekly
🇺🇸 Average House Prices	484,800 USD	525,400 USD	Monthly
🇺🇸 Average Mortgage Size	405,490 USD	405,400 USD	frequency_weekly
🇺🇸 Building Permits	1.493 M	1.419 M	Monthly
🇺🇸 Building Permits MoM	5.2 %	-0.4 %	Monthly
🇺🇸 Case-Shiller Home Price Index	333.21 points	329.95 points	Monthly
🇺🇸 Case-Shiller Home Price Index MoM	1.4 %	1.6 %	Monthly
🇺🇸 Case-Shiller Home Price Index YoY	7.2 %	7.5 %	Monthly
🇺🇸 Construction Spending	-0.1 %	0.3 %	Monthly
🇺🇸 Existing Home Sales	4.15 M	3.96 M	Monthly
🇺🇸 Existing Home Sales MoM	4.8 %	3.4 %	Monthly
🇺🇸 Home Price Index MoM	0 %	0.3 %	Monthly
🇺🇸 Housing Index	424.3 points	423.3 points	Monthly
🇺🇸 Housing Price Index YoY	6.3 %	6.7 %	Monthly
🇺🇸 Housing starts	1.289 M units	1.312 M units	Monthly
🇺🇸 Housing Starts MoM	-1.8 %	-3.2 %	Monthly
🇺🇸 MBA Mortgage Market Index	212 points	210.4 points	frequency_weekly
🇺🇸 MBA Mortgage Refinancing Index	552.4 points	552.7 points	frequency_weekly
🇺🇸 MBA Purchase Index	157.1 points	154.9 points	frequency_weekly
🇺🇸 Mortgage applications	0.8 %	0.9 %	frequency_weekly
🇺🇸 Mortgage Interest Rate	6.93 %	6.94 %	frequency_weekly
🇺🇸 Mortgage Originations	448.31 B USD	374.11 B USD	Quarter
🇺🇸 Multi-family Housing Starts	278,000 units	310,000 units	Monthly
🇺🇸 NAHB Housing Market Index	42 points	43 points	Monthly
🇺🇸 National House Price Index	323.352 points	322.277 points	Monthly
🇺🇸 New Home Sales	619,000 units	698,000 units	Monthly
🇺🇸 New Home Sales MoM	-11.3 %	2 %	Monthly
🇺🇸 Pending Home Sales	-6.6 %	-7.4 %	Monthly
🇺🇸 Pending Home Sales MoM	-2.1 %	-7.7 %	Monthly
🇺🇸 Price-Rent Ratio	133.627	134.247	Quarter
🇺🇸 Residential property prices	3.44 %	4.54 %	Quarter
🇺🇸 Single-family home prices	406,100 USD	406,800 USD	Monthly
🇺🇸 Single-Family Home Starts	982,000 units	1.036 M units	Monthly
🇺🇸 Total Housing stock	1.33 M	1.37 M	Monthly

The Home Ownership Rate denotes the percentage of residential properties that are inhabited by their owners.

What is Home Ownership Rate?

The home ownership rate is a critical macroeconomic indicator that reflects the percentage of households in a country that own their primary residence. At Eulerpool, a leading platform for displaying and analyzing macroeconomic data, we recognize the importance of this metric in understanding broader economic trends. In this comprehensive overview, we will delve into the multiple dimensions of the home ownership rate, its significance, the factors influencing it, and its implications for the economy at large. The home ownership rate is often seen as a barometer of economic health and individual financial stability. High home ownership rates generally indicate a robust economy where a significant portion of the population has the purchasing power and financial security to invest in property. Conversely, lower rates may suggest economic challenges or barriers to homeownership, such as high property prices, stringent mortgage requirements, or broader financial instability. Understanding the dynamics behind these rates provides insights into the economic well-being of a nation's population. One key factor influencing home ownership rates is the availability and accessibility of mortgage financing. Lenders' willingness to provide loans, the interest rates on those loans, and the terms and conditions attached to them all play a crucial role. In economies where mortgage financing is easily accessible and affordable, home ownership rates tend to be higher. By contrast, in markets with tight credit conditions or high interest rates, fewer individuals are able to secure the necessary financing to purchase homes. Another significant influence is the overall affordability of housing. This encompasses not only the price of homes but also associated costs such as property taxes, maintenance expenses, and insurance. Regions with high property prices relative to average incomes typically exhibit lower home ownership rates. Economic policies aimed at making housing more affordable, through measures such as subsidized housing schemes or tax incentives for home purchasers, can therefore significantly impact these rates. Demographics also play a vital role in shaping home ownership rates. Age distribution, household composition, and population growth are all relevant factors. Typically, younger populations may have lower rates of home ownership due to factors such as lower income levels and higher mobility. Conversely, older populations, who are more likely to have accumulated savings and reached greater financial stability, tend to have higher rates of home ownership. Additionally, family structure influences home ownership, with married couples or families with children generally more inclined to own homes compared to single individuals. Moreover, cultural attitudes towards home ownership can vary considerably across different regions and countries. In some societies, owning property is considered a significant milestone and a marker of success, hence exerting upward pressure on home ownership rates. In others, renting is more prevalent and culturally accepted, leading to relatively lower home ownership rates. These cultural factors, while less tangible, deeply influence the real estate market dynamics. Government policies and regulatory frameworks significantly impact the home ownership rate as well. Policies that support the construction of new housing, provide tax benefits for homeowners, or offer subsidies for first-time buyers tend to elevate home ownership rates. On the other hand, policies that impose high taxes on property transactions or maintain restrictive zoning laws can impede home ownership. Understanding the regulatory landscape is crucial for comprehending the variations in home ownership rates across different regions. Economic factors such as employment rates, income levels, and inflation also significantly affect the home ownership rate. A strong employment market with rising wages generally leads to higher home ownership as more individuals gain the financial capability to purchase homes. Inflation can have a dual impact; while it can erode savings and make it harder for individuals to afford homes, it can also lead to higher property values, which might increase the perceived investment value of owning a home. The home ownership rate is also interconnected with other macroeconomic indicators. For instance, it can impact consumer spending since homeowners are more likely to invest in home improvements and durable goods, boosting economic activity. Conversely, a decline in home ownership can lead to increased rental demand, influencing rental markets and potentially impacting inflation through housing costs. In addition, the global economic environment often plays a role in determining home ownership rates. Economic downturns, global financial crises, or adverse geopolitical events can all create volatility in real estate markets. During periods of economic uncertainty, potential homeowners may defer purchasing decisions, contributing to fluctuating home ownership rates. On the other hand, periods of economic prosperity typically see higher rates of home ownership as individuals feel more confident in making long-term investments in property. The implications of home ownership rates extend to social and political dimensions as well. Home ownership is often correlated with greater community stability and civic engagement. Homeowners may have a greater stake in their local communities, leading to higher rates of participation in local governance and better upkeep of neighborhoods. Thus, fluctuations in home ownership rates can have broader societal impacts beyond pure economic considerations. Furthermore, the home ownership rate is a pivotal piece of data for urban planning and infrastructure development. High home ownership rates can signal the need for expanded services and amenities, such as schools, parks, and public transportation. For policymakers and urban developers, analyzing these rates aids in designing cities and towns that can better serve their residents, fostering sustainable growth and improved quality of life. At Eulerpool, we provide detailed and up-to-date data on home ownership rates across various regions and economic contexts. By offering insights into the intricate web of factors influencing these rates, we help users make informed decisions, whether they are policymakers, investors, or researchers. Our aim is to equip our audience with a comprehensive understanding of this vital economic indicator, thereby fostering a more nuanced grasp of the macroeconomic landscape. In conclusion, the home ownership rate is a multifaceted indicator that encapsulates the economic, social, and cultural fabric of a nation. The interplay of mortgage financing, housing affordability, demographics, cultural attitudes, government policies, and broader economic conditions all converge to shape this rate. By analyzing the home ownership rate through the lens of these influencing factors, one gains profound insights into the economic vitality and socio-cultural dynamics of a region. At Eulerpool, we are committed to providing high-quality, precise data and analysis to help you navigate these complexities with confidence and clarity.

Country

United States

Continent

America

Highest Value

69.2

Lowest Value

62.9

Average Value

65.27

All Macro Indicators for United States

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