GITNUX MARKETDATA REPORT 2024

Owner Occupied Housing Statistics [Fresh Research]

With sources from: meric.mo.gov, nar.realtor, fs.usda.gov, datausa.io and many more

In this post, we explore a wide range of statistics related to owner-occupied housing in the United States. From homeownership rates and mortgage ownership to housing values and demographic trends, these figures provide a comprehensive overview of the residential landscape in the country. Analyzing these statistics sheds light on the dynamics of home ownership and the various factors influencing the housing market.

Statistic 1

"In 2019, 64.6% of US residential properties were owner-occupied."

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Statistic 2

"The homeownership rate in the United States varied by race in 2020; 74.5% of White households own their homes."

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Statistic 3

"In 2019, approximately 49% of owner-occupied homes were owned without a mortgage."

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Statistic 4

"The median value of owner-occupied housing units in the United States in 2019 was $217,500."

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Statistic 5

"In 2020, the homeownership rate in the United States reached its highest level since 2008 at 65.8%."

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Statistic 6

"The state with the highest homeownership rate in 2019 was West Virginia, with a rate of 73.2%."

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Statistic 7

"The median monthly housing cost for owner-occupied housing units in the US in 2019 was $1,295."

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Statistic 8

"The total amount of home equity in the United States reached $19.7 trillion in Q4 2020."

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Statistic 9

"In 2020, 72.8% of owner-occupied housing units were single-family detached homes."

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Statistic 10

"94.9% of US owner-occupied homes are made of stick-built materials (wood or metal frames), according to data between 2006-2020."

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Statistic 11

"The median age of US owner-occupied housing structures was 39 years in 2019."

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Statistic 12

"According to 2019 data, 80% of owner-occupied households have at least one vehicle available."

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Statistic 13

"In 2020, the homeownership rate for individuals aged 25-34 years old was 39.9% in the United States."

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Statistic 14

"The homeownership rate for Asian households in the United States was 64.1% in 2020."

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Statistic 15

"The median owner-occupied home value in San Francisco, California, was $1,206,000 in 2019."

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Statistic 16

"Between 2005 to 2019, the percentage of homes in the US purchased by female buyers remained constant at approximately 18%."

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Statistic 17

"In 2017, approximately 51% of the owner-occupied housing stock in the US was built before 1980."

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Interpretation

In conclusion, the statistics presented shed light on various aspects of owner-occupied housing in the United States. The data reveals a relatively high homeownership rate in the country, with variations across different racial groups and states. The majority of owner-occupied homes are owned without a mortgage, indicating financial stability among homeowners. The significant amount of home equity and median home values reflect the economic impact of the housing market. Various characteristics such as housing types, construction materials, and age of structures provide insights into the housing landscape. However, disparities in homeownership rates among different age groups and ethnicities highlight ongoing challenges in achieving housing equality.

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