Census Bureau Reports Little Change in Homeownership Rates

Census Bureau Reports Little Change in Homeownership Rates

The U.S. Census Bureau says the nation’s homeownership rate was essentially unchanged through 2021. While it dipped 0.3 percentage point from the fourth quarter of 2021, was at 65.6 percent in Q1 and finished the year at 65.5 percent. The Midwest remained the region with the highest homeownership rate at 70.1 percent while the West was lowest at 60.5 percent. The rate among those under the age of 35 years was 38.3 percent jumping to 61.4 percent among those in the next ten-year cohort. The oldest age group, those 65 or older, had a rate of 79.4 percent. The rate for all age groups with the exception of those 35 to 44 was slightly lower than in the fourth quarter of 2020.   White, non-Hispanics remained the group with the highest ownership rate at 74.4 percent, largely unchanged