Homeownership rates differ sharply across demographic groups. Black householders own homes at a 44 percent rate compared with 75 percent for non-Hispanic White householders. Veterans exceed the national average at 78 percent while urban cores lag suburban areas by nearly 20 points.
Key Takeaways
- In 2022, the homeownership rate for U.S. households headed by individuals aged 35-44 was 68.3%
- The national median home price was $412,300 in Q4 2023, up 5.1% from 2022
- Rural households had a homeownership rate of 81.6% in 2022
- U.S. homeownership rate was 65.7% in Q4 2023, down from 66.0% peak in 2020
- FHA loans originated 11.5 million from 2008-2018, aiding recovery
Homeownership remains a major goal for many Americans, shaping community stability and long term wealth.
Related reading
01 · Category
Demographic Statistics22 stats
01
In 2022, the homeownership rate for U.S. households headed by individuals aged 35-44 was 68.3%
02
Black or African American householders had a homeownership rate of 44.1% in 2023, compared to 74.6% for non-Hispanic White householders
03
Homeownership rate for Hispanic households reached 49.1% in Q4 2023, up from 47.5% the previous year
04
Households with annual income under $50,000had a 46.2% homeownership rate in 2022
05
Married-couple families had an 81.4% homeownership rate in 2022, versus 52.3% for non-family households
06
Female householders aged 65+ had a homeownership rate of 71.8% in 2023
07
Asian American households achieved a 63.1% homeownership rate in 2022
08
Households with children under 18 had a 68.9% homeownership rate in 2022
09
Veterans had a homeownership rate of 78.2% in 2023, higher than the national average of 65.7%
10
College-educated householders under 35 had a 52.4% homeownership rate in 2022
11
Single men aged 25-34 had a 38.7% homeownership rate in 2023
12
Households earning $100,000-$150,000 annually had a 78.5% homeownership rate in 2022
13
Native Hawaiian or Other Pacific Islander householders had a 52.3% homeownership rate in 2022
14
Empty-nester households (65+) had a 78.9% homeownership rate in 2023
15
LGBTQ+ headed households had a homeownership rate of 54.2% in 2022
16
In 2021, homeownership rate for U.S. households aged 25-34 was 39.2%
17
American Indian or Alaska Native householders had 62.7% homeownership in 2022
18
Households with income $75k-$100k had 72.1% rate in 2023
19
Single women householders rate was 55.4% in 2022
20
Gen Z (18-25) homeownership was 25.8% in 2023
21
High school graduates only had 48.3% rate in 2022
22
Multi-generational households had 61.2% ownership in 2023
Interpretation
Demographic Statistics Interpretation
The American dream of homeownership, like a VIP section at a concert, is broadly accessible if you're white, wealthy, or wed, but feels more like a general admission lottery with worse odds for everyone else.
02 · Category
Economic Statistics26 stats
01
The national median home price was $412,300in Q4 2023, up 5.1% from 2022
02
Mortgage delinquency rate was 3.92% in Q1 2024, lowest since 1972
03
Housing affordability index stood at 98.1 in 2023, down from 153.4 in 2020
04
Average 30-year fixed mortgage rate was 7.09% in October 2023
05
Home equity reached $31.2 trillion nationally in Q4 2023
06
Rent burden exceeded 30% of income for 49.8% of renters in 2022
07
Down payment averaged 14% of home price for first-time buyers in 2023
08
Household debt service ratio for mortgages was 9.8% in Q4 2023
09
Inventory of homes for sale was 3.7 months' supply in December 2023
10
Price-to-income ratio averaged 5.2 nationally in 2023
11
FHA loan share was 17.2% of purchase originations in 2023
12
Conventional loan delinquency rate was 2.1% in Q1 2024
13
Median sales price for existing homes rose 4.2% to $389,800 in 2023
14
Share of cash buyers was 32% of transactions in 2023
15
Foreclosure starts rate was 0.16% in Q4 2023
16
Home price appreciation slowed to 3.9% year-over-year in Q1 2024
17
Existing home sales totaled 4.09 million in 2023, down 19% from 2022
18
ARM share of mortgages was 7.2% in Q4 2023
19
Median renter income was $47,200in 2022
20
Jumbo loan originations fell 45% in 2023
21
Housing cost burden >50% income for 19.4% owners in 2022
22
New home median price was $417,400in 2023
23
Underbuilding gap estimated at 4.5 million units in 2023
24
Refinance share dropped to 13% of originations in 2023
25
Institutional investors bought 15% of homes in 2023
26
Home price-to-rent ratio was 22.1 in 2023
Interpretation
Economic Statistics Interpretation
It seems the American Dream is currently under renovation, offering a frustratingly exclusive open house where prices are proudly posted at record highs, mortgage rates are the ungracious bouncers, and the only thing more inflated than the equity is the number of people who can't afford to get in the door.
03 · Category
Geographic Statistics23 stats
01
Rural households had a homeownership rate of 81.6% in 2022
02
In California, the homeownership rate was 55.3% in 2023, the lowest among states
03
West Virginia had the highest homeownership rate at 77.8% in 2023
04
New York City's homeownership rate stood at 32.1% in 2022
05
Suburban areas had a 72.4% homeownership rate compared to 52.8% in urban cores in 2022
06
Florida's homeownership rate increased to 67.2% in 2023 from 66.1% in 2022
07
Midwest region homeownership rate was 70.9% in 2023, highest among U.S. regions
08
Detroit, MI had a homeownership rate of 48.3% in 2022
09
Texas homeownership rate reached 65.4% in 2023, driven by population growth
10
Northeast urban areas had a 53.7% homeownership rate in 2022
11
Alaska's homeownership rate was 65.8% in 2023
12
Sun Belt states averaged 68.1% homeownership in 2022
13
Chicago, IL homeownership rate was 46.2% in 2023
14
Rural Midwest counties had 82.4% homeownership in 2022
15
In Hawaii, homeownership rate was 59.4% in 2023
16
Atlanta, GA had 56.7% homeownership in 2022
17
South region averaged 66.8% homeownership in 2023
18
Philadelphia, PA rate was 50.2% in 2023
19
Wyoming homeownership was 73.5% in 2022
20
Urban South had 58.9% rate in 2022
21
Nevada rate was 57.1% in 2023 amid high prices
22
Rural Northeast counties averaged 76.4% in 2022
23
Boston, MA homeownership was 35.8% in 2023
Interpretation
Geographic Statistics Interpretation
The American Dream appears to have taken out a rural mortgage and moved to West Virginia while its broke cousin rents a shoebox in New York City.
More related reading
04 · Category
Historical Trends24 stats
01
U.S. homeownership rate was 65.7% in Q4 2023, down from 66.0% peak in 2020
02
Homeownership rate for baby boomers peaked at 78.9% in 2004
03
National rate rose from 64.1% in 1995 to 69.0% in 2004
04
Post-2008 crash, rate fell to 63.4% in 2016 before recovering
05
Millennial homeownership rate increased from 32% in 2011 to 48% in 2021
06
Black homeownership stagnated at ~44% from 2010-2020
07
Median home price grew 150% from $147,100 in 2000 to $369,400 in 2022
08
First-time buyer share dropped from 40% in 1981 to 26% in 2023
09
Mortgage rates averaged 3.1% in 2021, up to 6.8% in 2023
10
Homeownership vacancy rate was 1.3% in 2022, lowest since 2005
11
Hispanic rate surged from 42.1% in 2000 to 49.1% in 2023
12
Rental vacancy rate fell from 8.3% in 2000 to 6.3% in 2023
13
Under-35 rate declined from 43.4% in 2005 to 37.5% in 2023
14
Homeownership rate hit all-time high of 69.2% in 2004
15
Silent Generation ownership peaked at 82.1% in 1990
16
Rate for over-75 was 80.3% in 2010
17
Asian rate grew from 49.8% in 2000 to 61.7% in 2020
18
Inventory months' supply was 6.5 in 2007 pre-crash
19
First-time buyers averaged age 33 in 2023 vs 29 in 1981
20
Foreclosures peaked at 2.9M in 2010
21
Mortgage debt-to-GDP was 73% in 2006, 63% in 2023
22
Rural ownership stable at ~80% since 1990
23
GSE share of market was 95% post-2008 conservatorship
24
Tax deduction for mortgage interest claimed by 30M in 2017 pre-reform
Interpretation
Historical Trends Interpretation
The American Dream of homeownership appears to be on a nostalgia tour, still playing to sold-out shows for older generations while quietly raising ticket prices and cutting new releases for the younger crowd.
05 · Category
Policy Impacts16 stats
01
FHA loans originated 11.5 million from 2008-2018, aiding recovery
02
VA home loans financed 25% of purchases for veterans in 2023
03
Low-Income Housing Tax Credit supported 3.2 million units since 1986
04
Section 8 vouchers assisted 1.2 million households in 2022
05
Dodd-Frank Act reduced high-cost mortgages by 90% post-2010
06
Mortgage Credit Availability Index rose 15 points in 2023 due to GSE reforms
07
Community Reinvestment Act led to $300B in lending to low-income areas since 1977
08
Qualified Mortgage rule excluded 5% of risky loans since 2014
09
GSE conservatorship since 2008 stabilized 10M foreclosures
10
Homeowner Assistance Fund disbursed $5.3B to 500K households by 2023
11
Tax Cuts and Jobs Act doubled standard deduction, reducing itemizers by 90%
12
CARES Act forbearance prevented 2.7M foreclosures in 2020-2021
13
Opportunity Zones attracted $100B in investments since 2017
14
Homeowner Assistance Fund allocated $10B in 2021 ARP
15
Fair Housing Act complaints totaled 28,000 in 2022
16
Ginnie Mae guaranteed $2.1T in MBS in FY2023
Interpretation
Policy Impacts Interpretation
Between stalwart government scaffolding and sheer human resilience, the American dream of homeownership has been both a statistician's fever dream and a remarkably persistent reality, propped up by everything from post-crisis lifelines and veteran support to regulatory guardrails and a constant, contentious tug-of-war between risk, access, and fairness.
Reference
Cite This Report
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APA
Lars Eriksen. (2026, February 13). Homeownership Statistics. Gitnux. https://gitnux.org/homeownership-statistics
MLA
Lars Eriksen. "Homeownership Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/homeownership-statistics.
Chicago
Lars Eriksen. 2026. "Homeownership Statistics." Gitnux. https://gitnux.org/homeownership-statistics.
Sources & references
22 datasets cited across this report