Home Ownership Rate - St Louis Real Estate News

Midwest Leads Homeownership Rates Despite Slight Decline

By Dennis Norman, on July 30th, 2024

The latest homeownership rates released by the U.S. Census Bureau illustrate a stable housing market across various regions, with the Midwest continuing to lead in homeownership. The Midwest, where St. Louis is a prominent hub, saw a slight decrease from 70.2% in the second quarter of 2023 to 69.9% in the second quarter of 2024. This marginal decline still places the Midwest at the highest homeownership rate among all regions, underscoring the area’s enduring appeal and stability. As St. Louis continues to develop and attract new residents, the robust homeownership rate in the Midwest highlights the region’s Continue Reading →

Home Ownership Rate in St. Louis Metro Area Fell to Lowest Level in Four Years in 2023

By Dennis Norman, on January 31st, 2024

The latest home ownership data from the U.S. Census Bureau for the St. Louis Metropolitan Statistical Area (MSA) reveals that the ownership rate in the 4th quarter of last year was 69.5%, a decline of over 2 full percentage points from the same quarter in the previous year. The Census Bureau reports home ownership rates on a quarterly basis, and the average rate for 2023 in the St. Louis metro area was 69.5%. This marks the lowest average homeownership rate for St. Louis since 2019, when it was 68.1%. The homeownership rate reached a recent peak in St. Louis in Continue Reading →

St Louis Climbs To 5th Highest Homeownership Rate of Major Metros In Q1 2021

By Dennis Norman, on May 4th, 2021

The homeownership rate in the St Louis MSA for the first quarter of 2021 was 73.1%, according to the latest data from the U.S. Census Bureau. This is a big jump upward from the 4th quarter of last year when St Louis ranked 23rd on the list.

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Homeownership Rates By MSA – 1st Quarter 2021

St Louis Drops To 23rd Highest Homeownership Rate of Major Metros In Q4 2020

By Dennis Norman, on February 4th, 2021

The homeownership rate in the St Louis MSA for the fourth quarter of 2020 was 69.3%, according to the latest data from the U.S. Census Bureau. This is a slight increase from the 4th quarter of the prior year when the homeownership rate in the St Louis MSA was 68.3%. This puts St Louis 23rd on the list of the 75 largest MSA’s in the country in terms of homeownership, down from 17th on the list during the prior quarter.

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Homeownership Rates By MSA – 4th Quarter 2020 Continue Reading →

St Louis Has 13th Highest Homeownership Rate of Major Metros In 2nd Quarter

By Dennis Norman, on July 28th, 2020

The homeownership rate in the St Louis MSA for the second quarter of this year was 74.0%, according to the latest data from the U.S. Census Bureau. This is an increase from 68.4% for the first quarter and moves St Louis from having the 22nd highest homeownership rate of the 75 largest MSAs in the US to the 13th highest!

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Homeownership Rates By MSA – 2nd Quarter 2020 Continue Reading →

Homeownership rate for the St Louis MSA is 22nd highest of largest MSAs

By Dennis Norman, on April 29th, 2020

The homeownership rate in the St Louis MSA for the first quarter of this year was 68.4%, according to the latest data from the U.S. Census Bureau. While this was just a slight increase from the prior quarter, when the St Louis homeownership rate was 68.3%, it was good enough to move St Louis’s homeownership rate from 24th to 22nd on the list of the 75 largest MSAs.

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Homeownership Rates By MSA – 1st Quarter 2020

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Home Ownership Rate Hits Highest Level In Six Years

By Dennis Norman, on February 27th, 2020

During the 4th quarter of 2019 the homeownership rate in the U.S. hit 65.1%, the highest level since the 4th quarter of 2013 when the rate was 65.2%, according to the latest data available from the U.S. Census Bureau.

Homeownership by Race and Ethnicity:

As the table below shows, according to the Census Bureau data, homeownership by race and ethnicity was as follows:

White, Non-Hispanic – 73.7% – the highest level in 8 years. Black – 44.0% – the highest level in 7 years. Hispanic (of any race) – 48.1% – the highest level in just under 2 years. Home Continue Reading →

St Louis Homeownership Rate For 2019 Highest In Four Years

By Dennis Norman, on January 30th, 2020

During the 4th quarter of this year, the homeownership rate for the St Louis MSA was 68.3%, a slight decline from the month before, but St Louis ended the year with an average homeownership rate of 68.1%, the highest end of year average in 4 years!

Search St Louis Homes For Sale Search St Louis Upcoming OPEN HOUSES St Louis MSA Homeownership Rate – Past 5 Years

(Click on the table below for St Louis homeownership rates by quarter from 2005-present)

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St Louis Has 13th Highest Homeownership Rate of Metro Areas In U.S.

By Dennis Norman, on October 30th, 2019

During the 3rd quarter of this year, the homeownership rate for the St Louis MSA was 69.5% giving St Louis the 13th highest homeownership rate of the 75 largest MSA’s in the country, according to the latest date from the U.S. Census Bureau. St Louis continues to improve in the homeownership rankings, moving from 26th in the 1st quarter, to 21st in the 2nd quarter and now to the 13th highest homeownership rate in the U.S.!

As the table below shows, the North Port-Bradenton-Sarasota MSA had the highest homeownership rate during the quarter at 76.7% and for the 3rd quarter Continue Reading →

St Louis Has 21st Highest Homeownership Rate of Metro Areas In U.S.

By Dennis Norman, on August 8th, 2019

During the 2nd quarter of this year, the homeownership rate for the St Louis MSA was 68.0% giving St Louis the 21st highest homeownership rate of the 75 largest MSA’s in the country, according to the latest date from the U.S. Census Bureau. This is a move up from the prior quarter when St Louis had the 26th highest homeownership rate.

As the table below shows, the Toledo, Ohio MSA had the highest homeownership rate during the quarter at 77.5% and for the 2nd quarter in a row, Fresno, CA MSA had the lowest at 45.0%.

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St Louis Has 26th Highest Homeownership Rate of Metro Areas In U.S.

By Dennis Norman, on May 14th, 2019

During the 1st quarter of this year, the homeownership rate for the St Louis MSA was 66.5% giving St Louis the 26th highest homeownership rate of the 75 largest MSA’s in the country, according to the latest date from the U.S. Census Bureau. As the table below shows, the North Port-Bradenton-Sarasota, FL MSA had the highest homeownership rate during the quarter at 78.0% and Fresno, CA MSA had the lowest at 48.0%.

Search St Louis Homes For Sale Search St Louis Upcoming OPEN HOUSES Homeownership Rate By MSA – 1st Quarter 2019 Continue Reading →

Missouri Has 14th Highest Homeownership Rate In U.S.

By Dennis Norman, on May 13th, 2019

The rate of homeownership in the state of Missouri was 70.2% during the 1st quarter of this year, giving Missouri the 14th highest rate of homeownership throughout the 50 states plus the District of Columbia, based upon the latest data from the U.S. Census Bureau. As the table below illustrates, New Hampshire had the highest rate of homeownership at 74.0% and the District of Columbia the lowest at 38.4%.

Search St Louis Homes For Sale Search St Louis Upcoming OPEN HOUSES Homeownership Rate By State – 1st Quarter 2019

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St Louis Homeownership Rate Slips But 12-Month Rolling Average At Highest Level In 3 Years

By Dennis Norman, on May 11th, 2019

During the 1st quarter of 2019, the homeownership rate for the St Louis MSA was 66.5%, down from 70.5% the prior quarter, according to the latest data from the U.S. Census Bureau. As the table below shows, the 12-month rolling average for the St Louis homeownership rate was 67.5.% in the 1st quarter of 2019, the highest 12-month rate since the 1st quarter of 2016.

Search St Louis Homes For Sale Search St Louis Upcoming OPEN HOUSES St Louis MSA Homeownership Rate -2016 – 2019

(click on table for complete data from 2005 – present)

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St Louis Homeownership Rate Hits Highest Level In Over 3 Years

By Dennis Norman, on March 5th, 2019

During the 4th quarter of 2018, the homeownership rate for the St Louis MSA was 70.5%, the highest level since the 2nd quarter of 2015, according to data from the U.S. Census Bureau. As the table below shows, the 12-month rolling average for the St Louis homeownership rate was 66.0% in the 4th quarter of 2018, the highest since the 4th quarter of 2016.

Search St Louis Homes For Sale Search St Louis Upcoming OPEN HOUSES St Louis MSA Homeownership Rate -2011 – 2018

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Homeownership Rate In U.S. Hits Highest Rate Since 2014

By Dennis Norman, on October 31st, 2018

The homeownership rate in the U.S. hit 64.4 percent during the third quarter of this year, according to data just released from the Census Bureau. This is the highest rate of homeownership in the U.S. since the third quarter of 2014 when the rate was also 64.4%.

As the chart below shows, homeownership rates increased in the Northeast and West regions during the 3rd quarter, from a year ago, but declined slightly in the Midwest and the South.

Search St Louis Homes For Sale Search St Louis Upcoming OPEN HOUSES Homeownership Rates By U.S. Region – 3rd Quarter 2018 Continue Reading →

Homeownership Rate In Midwest Rises During 2nd Quarter – Highest In Nation

By Dennis Norman, on July 27th, 2018

In the Midwest region of the U.S., the homeownership rate rose to 68.3% during the 2nd quarter of this year from 67.9% in the first quarter, according to a report just released by the U.S. Census Bureau. The homeownership rate of 68.3% in the Midwest region is higher than the homeownership rate for the U.S. as a whole, which came in at 64.3% during the 2nd quarter, and is the highest of any region. The South region has the 2nd highest homeownership rate at 65.9% and the West region the lowest at 59.7%, according to the report.

So much for Continue Reading →

St Louis Homeownership Rate Hits Highest Level In Two Years

By Dennis Norman, on October 31st, 2017

The homeownership rate in St Louis, during the 3rd quarter of this year was 68.0 percent, the highest level since the 3rd quarter of 2015 when the rate was 70.3 percent, according to data just released by the U.S. Census Bureau.

Homeownership Rate St Louis MSA

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The homeownership rate for the State of Missouri during the 3rd quarter of 2017 was 70.4 percent, the highest level for the Continue Reading →

Homeownership Rate In St Louis During 1st Quarter of 2017 Drops To Lowest Level In Years

By Dennis Norman, on May 5th, 2017

The homeownership rate for the St Louis MSA during the 1st quarter of 2017 was 61.6% according to recently released data from the U.S. Census Bureau. As our table below shows, the current homeownership rate for St Louis is at the lowest level in our records. On the table I also compute a rolling 12 month average which helps smooth out seasonal variations in the data and it shows an average homeownership rate of 64.8% over the past 12 months, down from 68.8% for the prior 12-month period and, like the percentage for the quarter, the lowest level in our records. Continue Reading →

Hispanic Home Ownership Rate On The Rise While Overall Rate On The Decline

By Dennis Norman, on March 29th, 2017

As I have discussed a few times over the past couple of years, the home ownership rate in the United States has been on the decline, finally reaching an historic low in 2016 at 63.4%. However, during the same time, the Hispanic home ownership rate increased from 45.4% in 2014 to 46% in 2016, according to the 2016 State of Hispanic Ownership Report. Continue Reading →

Homeownership Rate In U.S. Rises In 4th Quarter of 2016; Slips in Midwest Slightly

By Dennis Norman, on January 31st, 2017

After the homeownership rate in the U.S. fell to 63.1% during the 2nd quarter of 2016, the lowest level since the U.S. Census Department began tracking this data in 1968, it rose to 63.4% during the 3rd quarter and then to 63.5% during the 4th quarter of 2016, according to data just released by the U.S. Census Bureau. Continue Reading →

Homeownership Rate In St Louis Increases In Third Quarter; Still Near Record Low

By Dennis Norman, on October 28th, 2016

The homeownership rate in the St Louis MSA rose to 67.2 percent in the 3rd quarter of 2016, up from 66.2 percent during the prior quarter but still not far from the 4th quarter 2015 rate of 65.2 percent, the lowest homeownership rate in well over a decade. As the table below shows, which is based upon data from the U.S. Census Bureau, the St Louis homeownership rate peaked this year at 67.9 percent during the first quarter. I believe the best way to see the trend in this data is to look at the 12 month rolling average, so we the seasonality of the data does not affect it. As the table below illustrates, the current 12-month rolling average of the St Louis homeownership rate is at 66.6%, the lowest rate in well over a decade. Continue Reading →

St Louis Homeownership Rate Hits Lowest Level In Over 10 Years

By Dennis Norman, on December 1st, 2015

Homeownership in the U.S. is down 7.58% in the past 10 years, according to the latest information available from the U.S. Census Bureau. The St Louis homeownership rate for the 3rd quarter of 2015 was the lowest rate for the 3rd quarter of any year in over 10 years. In addition, as our table below showings, the 12 month rolling average St Louis homeownership rate at the end of the 3rd quarter was at 69.9%, the lowest rate in well over a decade. Continue Reading →

Homeownership In America Hits Lowest Rate In Nearly Fifty Years

By Dennis Norman, on July 29th, 2015

In the second quarter of this year, 63.4 percent of the households in the U.S. were homeowners, marking the lowest rate of home ownership since 1967, nearly 50 years ago, according to data just released by the U.S. Census Bureau. Continue Reading →

Home Ownership Rate In U.S. Falls To Lowest Rate in 19 Years

By Dennis Norman, on July 29th, 2014

The home ownership rate in the use for the 2nd quarter of 2014 was 64.7 percent, a small decline from 64.8 percent in the previous quarter and the lowest rate of home ownership in the U.S. we have seen since the 2nd quarter of 1995 when the rate was the same, 64.7%, according to data just released by the U.S. Census Bureau.

Here in the Midwest region of the country, the home ownership rate in the 2nd quarter of 2014 was 69.6%, an increase from 69.3% the quarter before. Unlike the U.S. home ownership rate which is the same now Continue Reading →

Home Ownership By People Over 65 Years Old On The Rise

By Dennis Norman, on July 2nd, 2014

Home ownership rates have been on the decline and, in fact, reached a 19 year low the first quarto of this year when the home ownership rate in the U.S. fell to 64.8%. However, for people 65 years and older, the rate of home ownership has been on the rise. As the chart below shows, while the rate of home ownership declined for the U.S. overall, the rate for those persons aged 65 and over has continued to rise.

Looking for Continue Reading →

Homeownership In U.S. Hits Lowest Level In 19 Years

By Dennis Norman, on April 29th, 2014

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 Continue Reading →

St Louis Home Ownership Rate At Highest Level in 7 Years

By Dennis Norman, on July 30th, 2013

While Home Ownership Rate In U.S. Is At Lowest Level In 18 Years St Louis Bucks Trend

St Louis Home Ownership Rate is bucking the national trend by rising and came in at 74.1 percent for the 2nd quarter of 2013 and a 74.2 for the 1st quarter. This year has started out with the highest rate of home ownership since 2006!

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St Louis Home Ownership Rate At Highest In Over 6 Years

By Dennis Norman, on May 1st, 2013

The home ownership rate in St Louis during the 1st quarter of 2013 was 74.2 percent, the highest level since the 4th quarter of 2006 when the rate was 74.3 percent, according to the latest data from the U.S. Census Bureau. I think this is pretty remarkable given that since the housing market crash of 2007, a record number of homeowners have lost their homes in foreclosure and now homeownership rates in St Louis are higher than before the crash.

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Seventy-Five Percent of Americans Associate Owning a home with the American Dream

By Dennis Norman, on February 4th, 2013

A survey conducted by Prudential Real Estate revealed that 75 percent of Americans associate owning a home with the “American Dream” and 96 percent feel home ownership is important and 77 percent of the 25-34 year olds feel home ownership is VERY important. The top reasons given for wanting to own a home include to control their living space, safety and for the investment aspect of it. Interestingly, tax benefits, such as the mortgage interest deduction that REALTORS® have fought to preserve for years, finished a distant 6th on the list of reasons. Continue Reading →

A Look at the Change in Home Ownership by Race from 2000 to 2011

By Dennis Norman, on December 3rd, 2012

“The American Dream” is a phrase we often apply to home ownership although the historian that made this expression popular, James Truslow Adams, defined it differently in his 1931 book Epic of America. According to Wikipedia, in his book Adams defined “The American Dream” as a better and richer life for every man through social order and not material possessions. Regardless of it’s original definition, home ownership became a part of the American dream in the 20th century and, in spite of the fact that we are on the tail-end of about a five year housing slump, the “American Dream” appears to be hanging on as, according to 2011 Census Data, 66.1 percent of Americans own a home and, while this is no doubt a fairly significant decline from the peak of home ownership around the middle part of the decade, it is down only slightly from 2000 when 66.2 percent owned a home. Continue Reading →