How many homeowners are in the us

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Mississippi 1. Missouri 2. Montana , total households have an average of 2. Nebraska , total households have an average of 2. Nevada 1. New Hampshire , total households have an average of 2. New Jersey 3. New Mexico , total households have an average of 2. New York 7. North Carolina 4. North Dakota , total households have an average of 2. Ohio 4. Oklahoma 1. Oregon 1. Pennsylvania 5. Puerto Rico 1. The median gross rent is unavailable. The homeowner vacancy rate is unavailable.

Rental vacancy is unavailable. Rhode Island , total households have an average of 2. South Carolina 1. South Dakota , total households have an average of 2. Tennessee 2. Texas 9. Utah 1. Vermont , total households have an average of 2. Rental vacancy is 1. Virginia 3. Washington 2. West Virginia , total households have an average of 2. Rental vacancy is 0.

Wisconsin 2. Wyoming , total households have an average of 2. Sources U. Homeownership Rate by State. Homeownership Rate By Year. Average Length of Homeownership. Since , owner-occupied housing has almost doubled — there were This is lower than the global average but higher than most countries in Western Europe, where the vast majority rents their homes. These days, fewer first-time buyers are married couples that buy homes to live in. Many first-time buyers are, in fact, single people looking for buy-to-rent opportunities.

Moreover, people are getting married somewhat later in life — a statistic that has been cited as the main reason behind this phenomenon. Very few homes sit empty in the US, as opposed to a slightly higher rate of 2. The vacancy rate in the US has dropped since when it was as high as 2. However, homeownership has also dropped over the same period. They dropped a second time, but after they made a mild recovery.

As these home ownership statistics reveal, an increasing number of people are struggling to save enough money to get on the property ladder at a young age. Rising rental costs equals more people living in the homes they buy. Yet, despite this, fewer people are able to get out of the rental situation in the first place. Interestingly, overall homeownership is typically higher in poorer countries like Romania, India, and China and lower in the US and wealthier EU nations.

With that said, now that you know how large of an investment owning a home is nowadays, you should seriously consider protecting that investment by obtaining the best possible home insurance. Some surprising rates include Switzerland with an extremely low rate of only Romania has the highest rate in the world at Currently, the national rate is They have since begun an upward spiral with only a minor dip in early Now, looking at homeownership rates by race we see a clear change in trends.

The rate amongst Millennials born between — is Further statistics show that The past decade has seen a 5. Hopefully, this trend continues in the coming years as well. Technically, the average age in the US to buy a home is 46 years old — although this includes ALL home buyers, not just first-time buyers. In both the US and the UK, the average age to buy a first home is 33 years old, up from 31 a decade ago.

The monthly cost of a mortgage is almost half that of the average monthly rent but these high rents mean young people are struggling to save enough money to buy homes. In the 3rd quarter of , the Census Bureau reported that renter-occupied housing units made up for By Smiljanic Stasha.