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Home Ownership Rates

The homeownership rate declined in 2012 for the eighth straight year according to the Housing Vacancy Survey, conducted by the US Census Bureau in conjunction with the Current Population Survey.

The home ownership rate for 2012 was 65.4%, down from 66.1% in 2011.  

By region, home ownership in 2012 was highest in the Midwest at 69.6%, followed by the South (67.2%), the Northeast (63.5%) and the West (59.8%).

A distribution of housing units by occupancy follows for the US:

Type of Occupancy 2003 Estimate (000) 2004 Estimate (000) 2005 Estimate (000) 2006 Estimate (000) 2007 Estimate (000) 2008* Estimate (000) 2009 Estimate (000)* 2010 Estimate (000) 2011 Estimate (000)* 2012 Estimae (000)
All Housing Units 120,834 122,187 123,925 126,012 127,958 129,019 129,944 130,599 132,291 132,778
Occupied 105,560 106,588 108,231 109,575 110,306 110,475 111,159 111,860 113,533 114,513
Owner-occupied 72,054 73,575 74,553 75,380 75,159 74,931 74,892 74,791 75,090 74,929
Renter-occupied 33,506 33,013 33,678 34,195 35,147 35,544 36,267 37.069 38,443 39,583
Vacant (including year-round and seasonal) 15,274 15,599 15,694 16,437 17,652 18,543 18,785 18,739

 

18,758 18,266
*Revised

The state with the highest home ownership rate in 2012 was West Virginia (75.8%), followed by New Hampshire  and Michigan (both at 74.8%). The state with the lowest home ownership rate in 2012 was the District of Columbia (45.0%), followed by New York (53.6%) and California (54.5%).  Maps illustrating home ownership rate by state in Adobe Acrobat format are as follows

Home Ownership Rates

Change in Home Ownership Rates

The following table illustrates 2003-2012 home ownership by age of householder:

Age of Householder 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Less than 35 years 42.2% 43.1% 43.0% 42.6% 41.7% 41.0% 39.7% 39.1% 37.7% 36.7%
35 to 44 years 68.3% 69.2% 69.3% 68.9% 67.8% 67.0% 66.2% 65.0% 63.5% 61.4%
45 to 54 years 76.6% 77.2% 76.6% 76.2% 75.4% 75.0% 74.4% 73.5% 73.5% 71.7%
55 to 64 years 81.4% 81.7% 81.2% 80.9% 80.6% 80.1% 79.5% 79.0% 79.0% 77.3%
65 years or over 80.5% 81.1% 80.6% 80.9% 80.4% 80.1% 80.5% 80.5% 80.9% 81.1%

The following table illustrates 2003-2012 home ownership rate by type of household:

Type of Household 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
All Households 68.3% 69.0% 68.9% 68.8% 68.1% 67.8% 67.4% 66.9% 66.1% 65.4%
Married Couple Families 83.3% 84.0% 84.2% 84.1% 83.8% 83.4% 82.8% 82.1% 81.5% 80.8%
Male Householder Family, No Wife Present 57.9% 59.6% 59.1% 58.9% 57.4% 57.6% 56.9% 56.9% 55.6% 55.9%
Female Householder Family, No Husband Present 49.6% 50.9% 51.0% 51.3% 49.9% 49.5% 49.2% 48.6% 48.1% 46.7%
One-Person Household, Male Householder 50.0% 50.5% 50.3% 50.5% 50.2% 50.6% 50.9% 51.3% 50.6% 49.8%
One-Person Household, Female Householder 59.1% 59.9% 59.6% 59.8% 59.1% 58.6% 58.6% 58.6% 58.5% 58.3%

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