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    Percentage of Homeownership by Decade and by State

    There has been a lot of talk about the falling homeownership rate in the United States. In December 2004, the homeownership rate reached an all-time high of 69.4%, while the current rate is 62.9%. When comparing these two figures, there is some room for concern regarding the difference.

    However, today we want to shine some light on the issue by:

    1. Showing what historic homeownership rates have looked like over the last 130 years.
    2. Breaking down the current percentages by state.

    Historic Homeownership Rates:

    Percentage of Homeownership by Decade and by State | MyKCM

    Current Homeownership Rates by State:

    Percentage of Homeownership by Decade and by State | MyKCM

    All of the states that you see in blue on the map above have a greater homeownership rate than the national average.

    Bottom Line

    Though the homeownership rate has fallen recently, the percentage is still at a healthy rate compared to historic numbers, and most states currently have a higher percentage than the national average.

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    Danny Cheung

    I spent almost thirty (30) years with the Department of Defense in hardware/software design, development, operations, maintenance, and program manager before joining the Group in a full-time capacity. I am thrilled to put my years of experience as an Electronics Engineer and Program Manager to assist and lead our Real Estate Group to the next level. I am committed to establishing the tools and resources necessary for our team members to work more seamlessly and effectively, thus ensuring our clients' satisfaction. My wife and I have two daughters and a dog (he’s more like our son). I enjoy traveling and watching sports, especially football…Go Skins!

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