Homeownership Statistics (2023)

Homeownership Statistics

Dive into another installment of RubyHome's real estate stats series about homeownership in the United States. Here you will find out just how common homeownership is, who is most likely to own their homes, and put the numbers into a historical context. Here is an overview of the topics we cover:

Key Homeownership Stats

  • According to the U.S. Census Bureau, 65.9% of American homes are owned by their occupants.

The U.S. homeownership rate is 65.9%

  • New York (54.3%), California (55.3%), and Hawaii (61.3%) have the three lowest rates of homeownership among states.
  • Homeownership rates are higher with older Americans. 79.1% of those over the age of 65 are homeowners, nearly double the ownership rate for those under 35.
  • Over the past 58 years, the homeownership rate in the U.S. has stayed between 63%-69%.

What Percentage of People Own Their Homes?

  • As of Q4 2022, 65.9% of American households own the home in which they live.

U.S. Homeownership Percentage

  • Compared to international homeownership rates, the U.S. falls in the middle. Around the globe, homeownership rates between 60%-90% are quite common.
  • Laos (95.9%) and Romania (95.3%) have some of the highest homeownership rates in the world.
  • Hong Kong (22.1%), Nigeria (25%), and the United Arab Emirates (28%) have among the lowest homeownership rates in the world.
  • What's more, American homeowners, live in their homes 13.2 years on average.

Homeownership Rates by State

New York (53.6%), California (54.6%), & Hawaii (58.3%) are the three states with the lowest rates of homeownership. Historically, these are three most expensive states, in terms of average home prices, in the U.S.

Here is a full table of homeownership rates by state:

StateHomeownership Rate
Alabama 74.0%
Alaska 63.5%
Arizona 70.7%
Arkansas 64.1%
California 55.3%
Colorado 70.2%
Connecticut 66.8%
Delaware 79.1%
District of Columbia 43.9%
Florida 68.0%
Georgia 64.9%
Hawaii 61.3%
Idaho 70.9%
Illinois 67.9
Indiana 73.9%
Iowa 74.8%
Kansas 69.1%
Kentucky 67.8%
Louisiana 65.8%
Maine 78.8%
Maryland 70.9%
Massachusetts 61.9%
Michigan 74.0%
Minnesota 73.8%
Mississippi 75.3%
Missouri 67.7%
Montana 68.6%
Nebraska 69.7%
Nevada 60.4%
New Hampshire 73.4%
New Jersey 63.0%
New Mexico 67.8%
New York 54.3%
North Carolina 69.3%
North Dakota 63.4%
Ohio 67.3%
Oklahoma 67.0%
Oregon 63.7%
Pennsylvania 69.6%
Rhode Island 65.1%
South Carolina 73.5%
South Dakota 69.5%
Tennessee 67.4%
Texas 63.3%
Utah 71.4%
Vermont 75.3%
Virginia 69.9%
Washington 66.1%
West Virginia 74.7%
Wisconsin 68.7%
Wyoming 75.5%

  • The region of the U.S. with the most homeowners is the Midwest (70.1%).
  • In the South, the homeownership rate is 67.3%.
  • People are less likely to own their homes in the West (61.4%) and the Northeast (62.5%).

Homeownership Rates by Year

Since 1965, the homeownership rate reached its historical high point in 2006 (68.8%). The homeownership rate in the U.S., from 1965 to today, has stayed between 63%-69%.

Here’s a chart showing the average homeownership rate each year since 1965.

U.S. Homeownership Rate by Year

Homeownership Demographics

Age, ethnicity, and gender are all demographic factors with different rates of homeownership. Income is another factor covered in our report about the salary needed to buy a home in each state to buy a home..

Homeownership Rates by Age

People are much more likely to own their homes as they age. For instance, people 65 and older and almost 2X as likely to own their homes as someone under the age of 35. Here’s a homeownership breakdown by age group.

U.S. Homeownership Rate by Age

Homeownership Rates by Ethnicity

Non-Hispanic White households typically own their homes 74.4% of the time. Here’s a full breakdown of homeownership rates by ethnicity.

U.S. Homeownership Rate by Ethnicity

Homeownership Rates by Gender

As of 2021, 40% of never-married males own their homes. This is 6% higher than never-married females who own their homes 34% of the time.

In the case of divorced men and women, the numbers are close. Divorced men are likely to own their homes 63% of the time versus 62% for women.


Approximately 65.9% of American households have embraced property ownership, signifying its significance in achieving stability and the 'American Dream.'

Regional disparities are evident, with New York, California, and Hawaii have the lowest ownership rates at due to higher home pricse and higher costs of living.

Since 1965, the national homeownership rate bounced between 63% and 69%, underscoring the enduring appeal of property ownership amid evolving economic landscapes.


U.S. Census Bureau

Urban Institute

Federal Reserve Bank of St. Louis

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