Thursday, October 27, 2016 / by Vanessa Saunders
Percentage of Homeownership by Decade and by State
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.