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MoneyGeek analyzed changes in homeownership costs, home price appreciation, and median incomes from 2021 to 2023 to reveal 57 counties in the U.S. where the housing market is no longer affordable.
However, homeownership rates are subject to volatility during major economic events. For example, after peaking at 69 percent in 2004, the Great Recession (2007-09) led to homeownership rates ...
Homeownership rates vary depending on demographic characteristics of households such as ethnicity, race, type of household as well as location and type of settlement. In 2018, homeownership dropped to a lower rate than it was in 1994, with a rate of 64.2%. [5] Since 1960, the homeownership rate in the United States has remained relatively stable.
The rate of homeownership in the United States, as measured by the fraction of units that are owner-occupied, was 64% as of 2017. [1] Housing in the United States is heavily commodified, and when viewed as an economic sector, contributes to 15% of the gross domestic product. [2]
This is a list of countries, territories and regions by home ownership rate, which is the ratio of owner-occupied units to total residential units in a specified area, based on available data. [1] [better source needed]
Although home prices have rapidly increased, homeownership rates have also slightly increased in the U.S. over the past five years. In 2018, the median home list price in the U.S. was $255,200 and ...
U.S. states and D.C. by median home price, February 2024 (in February 2024 dollars) [1] State rank State or territory Median home price in US$; 1 Hawaii $839,013
West Virginia, New Mexico, and Vermont had the highest home ownership rate for Hispanics in 2021. For Asian Americans, in 23 states this group had a homeownership rate higher than the national ...