Related Resources
New homeownership measure puts people first
An alternative way of calculating the homeownership rate tells us how many individuals own their homes—something the most commonly used metric fails to track
Type:
Map
Data Format:
Interactive
Geographic Coverage:
National
Scale/Focus:
State
Interactive:
Frequency of Update:
Irregular
Homeowners-to-Population Data
Minneapolis Fed
The measure that we traditionally think of as the homeownership rate in the United States is actually the owner-occupancy rate, or the share of occupied housing units where the owner is a resident. As an alternative, we offer the homeowners-to-population ratio, or HPOP, a measure that better reflects the actual rate of homeownership.
The HPOP answers the question: What share of the adult population owns their home? While the owner-occupancy rate and the HPOP are tightly linked, they have important differences driven by accounting for adults who live in owner-occupied units but do not own them, household size across rental and owner-occupied units, and the inclusion of adults living in group quarters.