Home Ownership Rates
The homeownership rate declined in 2007 for the third
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 2007 was 68.1%, down from
68.1% in 2006. It is important to note that not only did
the homeownership rate go down, the actual number of
owner-occupied homes also declined..
By region, home ownership in 2007 was highest in the Midwest
at 71.9%, followed by the South (70.1%), the Northeast (65.0%)
and the West (63.5%).
A distribution of housing units by occupancy follows for the
US:
| Type of Occupancy |
1998 Estimate (000) |
1999 Estimate (000) |
2000 Estimate (000) |
2001 Estimate (000) |
2002 Estimate (000) |
2003 Estimate (000) |
2004 Estimate (000) |
2005 Estimate (000) |
2006 Estimate (000) |
2007 Estimate (000) |
| All Housing Units |
117,282 |
119,044 |
119,628 |
121,478 |
119,297 |
120,834 |
122,187 |
123,925 |
126,012 |
127,958 |
| Occupied |
102,282 |
104,928 |
105,728 |
107,010 |
104,965 |
105,560 |
106,588 |
108,231 |
109,575 |
110,306 |
| Owner-occupied |
68,638 |
70,097 |
71,250 |
72,593 |
71,278 |
72,054 |
73,575 |
74,553 |
75,380 |
75,159 |
| Renter-occupied |
34,896 |
34,831 |
34,470 |
34,417 |
33,687 |
33,506 |
33,013 |
33,678 |
34,195 |
35,147 |
| Vacant (including year-round and seasonal) |
13,748 |
14,116 |
13,908 |
14,470 |
14,332 |
15,274 |
15,599 |
15,694 |
16,437 |
17,652 |
The state with the highest home ownership rate in 2007 was
West Virginia (77.6%), followed by Delaware (76.8%) and Michigan (76.4%). The state
with the lowest home ownership rate in 2007 was the District of
Columbia (47.2%), followed by New York (55.9%) and
California(58.3%). Maps
illustrating home ownership rate by state are as follows:
- 2007 home ownership rate: Acrobat
- 2006 home ownership rate: Acrobat
- 2005 home ownership rate: Acrobat
- 2004 home ownership rate: Acrobat
- 2003 home ownership rate: Acrobat
- 2002 home ownership rate: Acrobat
- 2001 home ownership rate: GIF | Acrobat
- 2000 home ownership rate: GIF | Acrobat
- 1999 home ownership rate: GIF | Acrobat
- 1998 home ownership rate: GIF | Acrobat
- 1997 home ownership rate: GIF | Acrobat
- 1996 home ownership rate: GIF | Acrobat
- Change 2006 to 2007 home ownership rate:
Acrobat
- Change 2005 to 2006 home ownership rate:
Acrobat
- Change 2004 to 2005 home ownership rate:
Acrobat
- Change 2003 to 2004 home ownership rate:
Acrobat
- Change 2002 to 2003 home ownership rate:
Acrobat
- Change 2001 to 2002 home ownership rate:
Acrobat
- Change 2001 to 2002 home ownership rate:
Acrobat
- Change 2000 to 2001 home ownership rate:
GIF
| Acrobat
- Change 1999 to 2000 home ownership rate:
GIF
| Acrobat
- Change 1998 to 1999 home ownership rate:
GIF
| Acrobat
- Change 1997 to 1998 home ownership rate:
GIF
| Acrobat
- Change 1996 to 1997 home ownership rate:
GIF
| Acrobat
The following table illustrates 1998-2007 home ownership by
age of householder:
| Age of Householder |
1998 |
1999 |
2000 |
2001 |
2002 |
2003 |
2004 |
2005 |
2006 |
2007 |
| Less than 35 years |
39.3% |
39.7% |
40.7% |
41.2% |
41.3% |
42.2% |
43.1% |
43.0% |
42.6% |
41.7% |
| 35 to 44 years |
66.9% |
67.2% |
67.8% |
68.2% |
68.6% |
68.3% |
69.2% |
69.3% |
68.9% |
67.8% |
| 45 to 54 years |
75.7% |
76.0% |
76.5% |
76.7% |
76.3% |
76.6% |
77.2% |
76.6% |
76.2% |
75.4% |
| 55 to 64 years |
80.9% |
81.0% |
80.3% |
81.3% |
81.1% |
81.4% |
81.7% |
81.2% |
80.9% |
80.6% |
| 65 years or over |
79.3% |
80.1% |
80.4% |
80.3% |
80.6% |
80.5% |
81.1% |
80.6% |
80.9% |
80.4% |
The following table illustrates 1998-2007 home ownership rate
by type of household:
| Type of Household |
1998 |
1999 |
2000 |
2001 |
2002 |
2003 |
2004 |
2005 |
2006 |
2007 |
| All Households |
66.3% |
66.8% |
67.4% |
67.8% |
67.9% |
68.3% |
69.0% |
68.9% |
68.8% |
68.1% |
| Married Couple Families |
81.5% |
81.8% |
82.4% |
82.9% |
82.9% |
83.3% |
84.0% |
84.2% |
84.1% |
83.8% |
| Male Householder Family, No Wife Present |
55.7% |
56.1% |
57.5% |
57.9% |
57.3% |
57.9% |
59.6% |
59.1% |
58.9% |
57.4% |
| Female Householder Family, No Husband Present |
47.0% |
48.2% |
49.1% |
49.9% |
49.2% |
49.6% |
50.9% |
51.0% |
51.3% |
49.9% |
| One-Person Household, Male Householder |
45.7% |
46.3% |
47.4% |
48.2% |
48.6% |
50.0% |
50.5% |
50.3% |
50.5% |
50.2% |
| One-Person Household, Female Householder |
56.9% |
57.6% |
58.1% |
59.0% |
59.6% |
59.1% |
59.9% |
59.6% |
59.8% |
59.1% |
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