Percentage of Homeownership by Decade and by State

    Percentage of Homeownership by Decade and by State | Simplifying The Market

    There has been a lot of talk about the falling homeownership rate in the United States. In December 2004, the homeownership 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 we want to shine some light on the issue by:

    1. Showing what historic homeownership rates have looked like over the last 130 years.
    2. Breaking down the current percentages by state.

    Historic Homeownership Rates:

    Percentage of Homeownership by Decade and by State | Simplifying The Market

    Current Homeownership Rates by State:

    Percentage of Homeownership by Decade and by State | Simplifying The Market

    All of the states that you see in blue on the map above have a greater homeownership rate than the national average.

    Bottom Line

    Though the homeownership 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.

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