Thursday, October 27, 2016 / by Vanessa Saunders
Not all of GPS's blogs have compelling headlines, but home ownership rates vary greatly, both over time and by where you live. There has been a lot of talk about the falling home ownership rate in the United States. In December 2004, the home ownership rate reached an all-time high of 69.4%, while the current rate is 62.9%. When comparing these two figures, there is some room for concern regarding the difference.
However, today GPS wants to shine some light on the issue by:
- Showing what historic home ownership rates have looked like over the last 130 years.
- Breaking down the current percentages by state.
Historic Home Ownership Rates:
Current Home Ownership Rates by State:
All of the states that you see in blue on the map above have a greater home ownership rate than the national average.
Though the home ownership rate has fallen recently, the percentage is still at a healthy rate compared to historic numbers, and most states currently have a higher percentage than the national average.