CFED Scorecard

CFED Assets & Opportunity Scorecard

Housing & Homeownership
Homeownership Rate
Definition

Percentage of occupied housing units that are owner-occupied, 2014.

Description

A home is an asset that allows stability, fosters long-term thinking, and builds both financial equity and commitment to a neighborhood. Homeownership is also the primary means through which most Americans build wealth. While not a measure of home equity, the rate of homeownership provides an indication of how many families in a state have the opportunity to build wealth in the form of home equity.

63.1% of United States households are homeowners

Homeownership Rate, 2014

StateHomeownership Rate (%)Rank
United States 63.1%
Alabama 67.7% 15
Alaska 62.5% 39
Arizona 61.1% 44
Arkansas 65.8% 28
California 53.7% 48
Colorado 63.9% 36
Connecticut 66.4% 23
Delaware 70.3% 5
District of Columbia 40.6% 51
Florida 64.1% 35
Georgia 62.2% 40
Hawaii 56.7% 47
Idaho 68.0% 14
Illinois 65.5% 29
Indiana 68.6% 11
Iowa 70.9% 4
Kansas 66.6% 20
Kentucky 66.1% 25
Louisiana 64.4% 33
Maine 71.3% 3
Maryland 65.9% 27
Massachusetts 61.6% 42
Michigan 70.2% 6
Minnesota 71.7% 2
Mississippi 67.7% 16
Missouri 66.9% 18
Montana 66.4% 22
Nebraska 65.9% 26
Nevada 53.6% 49
New Hampshire 70.2% 7
New Jersey 63.3% 38
New Mexico 66.9% 17
New York 53.0% 50
North Carolina 64.2% 34
North Dakota 63.8% 37
Ohio 65.3% 31
Oklahoma 65.1% 32
Oregon 60.7% 45
Pennsylvania 68.8% 10
Rhode Island 58.8% 46
South Carolina 68.0% 13
South Dakota 68.2% 12
Tennessee 66.1% 24
Texas 61.2% 43
Utah 69.2% 9
Vermont 70.0% 8
Virginia 65.3% 30
Washington 61.7% 41
West Virginia 72.2% 1
Wisconsin 66.6% 21
Wyoming 66.9% 19

Change in Homeownership Rate

Homeownership Rate (%)
State2005200620072008200920102011201220132014
United States 66.9% 67.3% 67.2% 66.6% 65.9% 65.4% 64.6% 63.9% 63.5% 63.1%
Alabama 70.5% 71.8% 70.9% 71.0% 69.6% 70.1% 69.9% 68.8% 68.0% 67.7%
Alaska 63.0% 64.5% 63.0% 65.0% 65.2% 63.9% 63.1% 63.4% 63.5% 62.5%
Arizona 68.2% 68.5% 68.1% 68.1% 67.1% 65.2% 63.7% 62.6% 62.1% 61.1%
Arkansas 67.8% 68.3% 67.7% 67.4% 66.0% 67.4% 66.6% 66.2% 65.7% 65.8%
California 58.4% 58.4% 58.0% 57.0% 56.6% 55.6% 54.9% 54.0% 53.8% 53.7%
Colorado 67.8% 68.7% 68.8% 67.5% 67.0% 65.9% 64.4% 64.0% 64.5% 63.9%
Connecticut 69.5% 69.5% 70.0% 69.0% 68.8% 68.0% 67.4% 66.9% 66.3% 66.4%
Delaware 72.4% 74.4% 72.5% 73.5% 73.6% 73.0% 71.6% 70.8% 71.7% 70.3%
District of Columbia 42.5% 45.8% 44.5% 43.4% 44.8% 42.5% 41.2% 41.5% 40.7% 40.6%
Florida 69.6% 70.3% 70.6% 69.7% 68.5% 68.1% 66.7% 65.6% 64.8% 64.1%
Georgia 66.8% 67.7% 68.5% 67.4% 67.0% 66.2% 64.6% 63.7% 62.7% 62.2%
Hawaii 59.7% 59.5% 59.6% 59.1% 56.7% 58.0% 56.8% 56.9% 56.2% 56.7%
Idaho 71.4% 71.3% 72.1% 70.9% 71.5% 69.6% 68.7% 68.4% 69.4% 68.0%
Illinois 69.9% 69.9% 70.1% 69.3% 68.0% 67.7% 67.3% 66.6% 65.9% 65.5%
Indiana 72.0% 72.1% 71.6% 71.8% 70.4% 70.3% 69.7% 69.4% 68.5% 68.6%
Iowa 73.1% 73.3% 73.7% 72.9% 72.1% 72.4% 72.4% 71.9% 70.8% 70.9%
Kansas 69.5% 69.9% 70.2% 69.4% 67.8% 68.1% 67.8% 66.4% 66.1% 66.6%
Kentucky 70.6% 70.7% 70.7% 69.5% 68.6% 68.6% 68.9% 67.0% 67.4% 66.1%
Louisiana 67.8% 68.5% 67.9% 68.5% 67.9% 67.6% 66.4% 65.7% 66.0% 64.4%
Maine 71.8% 72.8% 74.0% 72.1% 72.7% 72.7% 71.0% 71.4% 70.2% 71.3%
Maryland 69.0% 69.4% 69.9% 69.5% 68.6% 67.0% 67.3% 66.5% 66.5% 65.9%
Massachusetts 64.0% 64.9% 65.1% 64.5% 64.2% 62.2% 62.1% 62.2% 61.5% 61.6%
Michigan 74.7% 75.2% 74.8% 74.0% 73.2% 72.8% 71.7% 71.1% 70.6% 70.2%
Minnesota 75.8% 76.3% 75.2% 74.7% 73.7% 73.0% 72.8% 71.4% 71.6% 71.7%
Mississippi 69.9% 70.7% 71.3% 70.1% 69.5% 69.8% 69.8% 68.2% 67.2% 67.7%
Missouri 70.6% 70.7% 70.7% 70.1% 69.1% 69.0% 68.0% 67.5% 67.0% 66.9%
Montana 69.1% 69.9% 69.6% 68.5% 69.2% 69.7% 67.9% 67.1% 66.9% 66.4%
Nebraska 68.2% 67.9% 68.8% 69.3% 67.2% 67.4% 66.9% 66.3% 66.0% 65.9%
Nevada 60.7% 62.0% 60.4% 59.7% 59.3% 57.2% 56.3% 54.9% 54.3% 53.6%
New Hampshire 73.0% 72.1% 74.1% 72.3% 72.5% 71.7% 71.5% 70.9% 70.2% 70.2%
New Jersey 67.3% 67.3% 67.3% 67.0% 66.1% 66.4% 65.0% 65.1% 64.0% 63.3%
New Mexico 69.3% 69.7% 70.0% 69.2% 69.3% 67.9% 68.2% 67.7% 67.9% 66.9%
New York 55.3% 55.6% 55.5% 55.3% 55.0% 54.3% 53.6% 53.7% 53.7% 53.0%
North Carolina 68.2% 68.1% 68.3% 68.2% 67.2% 67.2% 66.5% 65.4% 64.3% 64.2%
North Dakota 67.5% 66.7% 65.7% 66.6% 66.0% 66.9% 65.7% 65.0% 64.8% 63.8%
Ohio 69.9% 70.0% 69.7% 69.0% 68.0% 68.4% 67.0% 66.3% 66.1% 65.3%
Oklahoma 67.9% 68.6% 68.2% 67.2% 67.2% 67.8% 67.0% 66.4% 65.5% 65.1%
Oregon 63.8% 64.8% 64.6% 64.3% 63.1% 62.5% 60.8% 61.6% 60.8% 60.7%
Pennsylvania 71.5% 71.7% 71.6% 70.8% 70.5% 70.1% 69.5% 68.9% 68.9% 68.8%
Rhode Island 62.7% 63.0% 63.6% 62.4% 63.4% 60.8% 60.6% 60.0% 60.4% 58.8%
South Carolina 70.1% 70.3% 70.0% 70.6% 70.1% 68.7% 69.2% 68.1% 68.2% 68.0%
South Dakota 69.0% 69.2% 68.1% 69.2% 67.9% 68.0% 68.5% 67.1% 67.2% 68.2%
Tennessee 69.3% 69.9% 69.9% 69.8% 69.2% 68.1% 67.3% 66.7% 66.4% 66.1%
Texas 64.7% 65.2% 65.2% 64.9% 63.7% 63.6% 62.9% 62.3% 61.8% 61.2%
Utah 70.6% 72.0% 71.7% 71.7% 71.5% 69.9% 69.4% 69.6% 69.2% 69.2%
Vermont 71.1% 71.9% 72.8% 72.2% 71.3% 70.4% 71.3% 71.0% 71.0% 70.0%
Virginia 69.6% 69.9% 69.5% 68.7% 68.1% 67.7% 67.3% 66.2% 65.6% 65.3%
Washington 64.7% 65.5% 66.1% 65.3% 64.3% 63.1% 62.8% 62.3% 61.9% 61.7%
West Virginia 75.4% 74.7% 74.9% 73.7% 73.6% 74.6% 72.3% 72.0% 72.3% 72.2%
Wisconsin 70.1% 70.5% 70.1% 70.1% 69.0% 68.7% 67.9% 67.3% 67.2% 66.6%
Wyoming 71.5% 69.5% 69.3% 70.1% 70.9% 69.7% 70.6% 69.0% 69.1% 66.9%

Definition

Percentage of occupied housing units that are owner-occupied, 2014.

Source

2014 American Community Survey. Washington, DC: U.S. Department of Commerce, Census Bureau, 2015.

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