The district with the lowest homeownership rates in any state – 24/7 Wall St.


The American housing market picked up speed in the first few months of the COVID-19 pandemic. The homeownership rate – or the proportion of homes occupied by the owner – increased by 2.6 percentage points from the first quarter to the second quarter of 2020, by far the largest increase on record. At the end of 2020, there were 2.1 million more homeowners in the United States than a year earlier.

The surge in home sales has been fueled by several factors, including historically low mortgage rates and, some experts are speculating, the pandemic, which has caused many Americans to reevaluate where and how they live. Here’s a look at mortgage rates in America every year since 1972.

According to the latest data from the US Census Bureau’s American Community Survey, the homeownership rate is 64.4% nationwide. However, this rate varies significantly across the country, but from state to state and county to county.

Using census data, 24/7 Wall St. identified the county with the lowest homeownership rate in each state. Districts and district equivalents – which may also include urban districts – are classified according to the proportion of residential units inhabited by their owners.

Among counties on this list, homeownership rates range from 20.1% to 67.9% and are between 2.3 percentage points and 39.7 percentage points below the corresponding state homeownership rate.

Homeownership can be expensive, and in most counties and county-equivalents on this list, the typical household earns less than the statewide median household income. The area’s low income can make home ownership less affordable for larger segments of the population. Here’s a look at the 20 cities where the middle class can no longer afford housing.

Many of the places on this list are in or near large urban areas where large segments of the population live in rented homes, such as Baltimore, Philadelphia, and San Francisco. Others house large colleges or universities. Because a significant portion of the population in college towns is a temporary resident, the temporary population is more likely to rent a home than to buy one. These counties include New Haven County, Connecticut, home of Yale University, and Chittenden County, Vermont, home of the University of Vermont.

Click here to view the county with the lowest homeownership rate in each state
Click here to read our detailed methodology


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