People often ask if now is a good time to buy a home, but nobody ever asks when a good time to rent is. Regardless, we want to make certain that everyone understands that today is NOT a good time to
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:
Showing what historic homeownership rates have looked like over the last 130 years.
Breaking down the current percentages by state.
Historic Homeownership Rates:
Current Homeownership Rates by State:
All of the states that you see in blue on the map above have a greater homeownership rate than the national average.
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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