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Census Says Home Ownership Rates Still Near Record Highs

Home ownership rates, as compiled by the U.S. Census Bureau, are close to historically high levels despite the recent turmoil in the market.

In the 2010 census, home ownership was at 65.1 percent – a decline from the all-time high of 66.2 percent in the 2000 census, but still higher than any other time in the history of the report, according to data released this week. The Census Bureau has been tracking home ownership since the 1890 census.

Every state had home ownership rates of more than 50 percent in 2010. The top states for home ownership were:

  • West Virginia, 73.4 percent
  • Minnesota, 73 percent
  • Michigan, 72.1 percent
  • Iowa, 72.1 percent
  • Delaware, 72.1 percent

 
The top metro areas for home ownership rates were:

  • Monroe, Mich., 79.8 percent
  • Punta Gorda, Fla., 79.7 percent
  • Holland-Grand Haven, Mich., 78.2 percent
  • Bay City, Mich., 77.8 percent
  • Barnstable, Mass., 77.4 percent

 

Here is a chart of home ownership rates from the census:

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