The homeownership rate in the U.S. was 64.8 percent during the 1st quarter of this year, the lowest level since the 1st quarter of 1995 when the the rate was 64.2%, according to data released by the Census Bureau today. The Midwest region, with a 69.3% homeownership rate, was the region with the highest rate in the U.S. and the West region, with a 59.4% rate, was the region with the lowest homeownership rate in the U.S..
Homeownership increases with age:
The age group with the highest level of homeownership were seniors….age 65 and over with a 79.9% rate followed by people age 55 to 64 years old with a 76.4% rate.
Homeownership by race and ethnicity:
Non-Hispanic white had the highest homeownership rate at 72.9% followed by the “all other races” category with 55.8%, Hispanic at 45.8% and Black with 43.3%.