GITNUX MARKETDATA REPORT 2024

Must-Know Homeowner Statistics [Recent Analysis]

Statistic 1

"Homeownership rates in the United States were approximately 65.8% in the fourth quarter of 2020."

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Statistic 2

"The number of homeowner households in the United States in 2020 was estimated to be around 82.55 million."

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Statistic 3

"First-time buyers made up 34% of all home buyers in 2020."

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Statistic 4

"The median age of a first-time home buyer in the United States in 2020 was 33 years old."

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Statistic 5

"In 2020, 88% of home buyers financed their home purchase, with first-time buyers financing 95%."

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Statistic 6

"The median down payment for first-time home buyers in 2019 was 6%."

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Statistic 7

"The average American homeowner’s home value has increased by 56% since they bought their home."

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Statistic 8

"Homeowners in the United States spend an average of $2,305 annually on property taxes."

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Statistic 9

"Homeownership rates among African Americans were 44.1% in the fourth quarter of 2020."

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Statistic 10

"Approximately 16.2% of homeowner households were cost-burdened, meaning they spent 30% or more of their income on housing costs in 2018."

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Statistic 11

"In 2020, around 73% of homeowners believed that now is a good time to sell their homes."

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Statistic 12

"The median tenure for homeowners in the United States in 2020 was 13 years."

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Statistic 13

"Approximately 26% of homeowners in the United States own their homes free and clear, without a mortgage."

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Statistic 14

"In 2020, approximately 89% of homeowners had high-speed internet, compared to 72.9% of renters."

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Statistic 15

"The median price of a new one-family home in the United States in 2020 was $355,900."

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Statistic 16

"In the United States, detached single-family homes accounted for approximately 64.3% of total residential housing in 2018."

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Statistic 17

"Home mortgages account for nearly 55% of all outstanding individual debt in the United States."

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Statistic 18

"In 2020, approximately 3.3% of homeowners in the United States were behind on their mortgage payments."

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