The home ownership rate is the share of occupied housing units in a given area that are occupied by their owner rather than rented or held under some other tenure arrangement, expressed as the ratio of owner occupied units to total residential units. It is tracked as a broad measure of housing market conditions and household wealth building capacity, since it reflects the combined effect of housing costs, credit availability and household income on people's ability to buy rather than rent a home. The rate is reported at the national level and is also compared across demographic groups and regions to study disparities in access to homeownership.
Facts
Geography
Geographic ScopeUnited States (U.S. Census Bureau) 2 Classification
Release FrequencySourced to the subject's own account In the Other Atlases
Located In
Also in Geography Atlas: where this subject is located.
Sources
1. Homeownership in the United States (Wikipedia)
WikipediaOpening paragraph, Homeownership in the United States Wikipedia article
The homeownership rate in the United States is the percentage of households that are owner-occupied.
Introduction, frequency
The annual U.S.
View the Source 2. U.S. Census Bureau
Federal Reserve Bank of St. Louis (FRED): Homeownership Rate for the United States (RHORUSQ156N)
Federal Reserve Bank of St. Louis (FRED)In Group: Home Sales, Prices and Ownership, Page textQuote, In Group: Home Sales, Prices and Ownership, Page text
The homeownership rate is the proportion of households that is owner-occupied.
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