Homeownership in America is constantly on the move, in-fact, some 65.8% of Americans own a home as of 2025. And believe it or not, about 27% of people in the U.S. live in a condo or HOA property.

While the national vacancy rate is only about 10.7% the African American community is still the demographic with the lowest levels of home ownership at 47%. This post will discuss how many homeowners there are in the United States by age and race and go over 51 other homeownership stats.

How Many Homeowners Are in the US? Key Stats

About 65.8% of Americans own a home as of 2025, with 58.4% of all housing units being owner-occupied and renters filling roughly 30.9% of the inventory.

  • 65.8% of Americans own a home as of 2025.

  • Some 74 million Americans, or about 27%, live in a condo or HOA property.

  • 58.4 percent of the housing units were owner-occupied.

  • Renter-occupied units made up 30.9 percent of the housing inventory.

  • The overall Vacancy Rate in the United States is 10.7 percent.

  • Only 47% of African Americans are homeowners

  • 51% of Latino Americans live in their own home

  • 74% of Caucasian Americans own their home

  • 60% of insured households are underinsured on their policy

Homeownership Rate in the US

How Many Homeowners Are There In The US?

65.8 percent of all Americans live in their own home as of 2022 that’s about 230 Million Americans.

Homeownership Rates By State In2022

West Virginia has the highest percentage of homeownership in America at 79%, followed by Maine (76%), Minnesota (76%), Delaware (74%), and New Hampshire at 74% as well. The District Of Columbia (Washington D.C.) has the lowest percent of homeownership in the U.S. at 42%.  Followed by California (54%), New York (54%), Hawaii (58%), and Nevada (61%).

STATE PERCENT OF HOMEOWNERSHIP
District Of Columbia 42%
California 54%
New York 54%
Hawaii 58%
Nevada 61%
Massachusetts 62%
New Jersey 63%
Rhode Island 63%
Washington 63%
Alaska 64%
Georgia 64%
North Dakota 64%
Texas 64%
Arizona 65%
Arkansas 66%
Colorado 66%
Connecticut 66%
North Carolina 66%
Oregon 66%
Florida 67%
Ohio 67%
Oklahoma 67%
Illinois 68%
Montana 68%
Nebraska 68%
Tennessee 68%
Virginia 68%
Wisconsin 68%
Kansas 69%
Louisiana 69%
New Mexico 69%
Utah 69%
Maryland 70%
Pennsylvania 70%
Idaho 71%
Mississippi 71%
South Dakota 71%
Iowa 72%
Kentucky 72%
Wyoming 72%
Alabama 73%
Indiana 73%
Michigan 73%
Missouri 73%
South Carolina 73%
Delaware 74%
New Hampshire 74%
Vermont 74%
Maine 76%
Minnesota 76%
West Virginia 79%

How Many Single Family Homes Are There In American?

There are 82.64 million single-family houses in North America.

What Percentage Of American Housing Is Owner Occupied?

58.4 percent of total housing units in the U.S. are owner-occupied.

What Percent Of Americans Live In Apartments?

The inventory of rental-occupied units is 30.9%.

Key Statistics:

  • From 1965 to 2022, home ownership has decreased according to the Census Bureau.

  • The homeownership rate was 2.6 percentage points higher than it was in the third quarter of 2019 (64.8%).

  • Homeownership rates rose to 67.9 percent this quarter, the highest since 2008’s third quarter (65.3%).

  • In the Midwest of the United States, 68.3% of people are homeowners.

  • According to the homeownership rate, home prices have increased by around 73% since 2000.

  • West Virginia is the cheapest for buying property, at only $169,000 on average.

Condo & HOA Ownership Statistics

How Many Americans Live In A Condo or HOA Property?

Condominiums and HOA communities make up approximately 74 million people in the United States (27% of the population).

Condo Ownership Statistics By State

California residents have the largest number of condo owners in the nation at all most 26 Million condo owners.  Followed by Florida (14,925,792), New York (6,747,340), Illinois (5,695,722), and Virginia (5,614,842). The state with the lowest number of condo owners in the nation is Rhode Island with only 42,503 condo owners.  Followed by Wyoming (110,042), Alaska (144,153), Mississippi (148,077), and North Dakota (162,542).

Below we list all states along with Condo Ownership:

STATE NUMBER OF CONDO OWNERS
Alabama 692,958
Alaska 144,153
Arizona 3,568,252
Arkansas 1,429,748
California 25,742,019
Colorado 3,630,300
Connecticut 705,771
Delaware 299,586
District Of Columbia 474,114
Florida 14,925,792
Georgia 3,718,342
Hawaii 476,581
Idaho 720,728
Illinois 5,695,722
Indiana 1,231,629
Iowa 698,374
Kansas 437,877
Kentucky 717,957
Louisiana 415,450
Maine 407,903
Maryland 1,543,130
Massachusetts 2,651,167
Michigan 1,969,057
Minnesota 2,129,459
Mississippi 148,077
Missouri 1,373,035
Montana 426,316
Nebraska 450,982
Nevada 942,433
New Hampshire 689,225
New Jersey 2,297,507
New Mexico 421,819
New York 6,747,340
North Carolina 4,290,574
North Dakota 162,542
Ohio 2,451,022
Oklahoma 440,790
Oregon 899,660
Pennsylvania 1,933,584
Rhode Island 42,503
South Carolina 2,350,651
South Dakota 332,135
Tennessee 1,120,288
Texas 4,574,824
Utah 1,116,576
Vermont 168,801
Virginia 5,614,842
Washington 2,768,676
West Virginia 862,056
Wisconsin 410,726
Wyoming 110,042

Key Statistics:

  • There are over 351,000 homeowners’ associations in the United States.

  • HOA communities accounted for 74.5% of home sales in 2019.

  • 3.54 million or 11.1% of homeowners live in “community access secure” neighborhoods, which may include walls or fences.

  • The share of homeowners in “community access secure” areas, which may include walls or fences, is 11.1% or 3.54 million.

  • From 2018 to 2019, HOA resident counts increased by 0.54%, despite homeownership rates remaining stagnant.

  • HOAs add up to $280 billion every year to the national economy as a whole.

  • The average HOA membership rate among homeowners in states with verified correct data is 33.4 percent.

Homeowner Vacancy Rates in America

How Many Empty Homes Are There In America?

In the United States, the Vacancy Rate is 10.7%.

What Percent Of Rental Homes Are Vacant In The U.S?

In America, 5.8% of rental dwellings are unoccupied.

What Percent Of Single-Family Homes Are Vacant In The U.S?

In the United States, 0.95% of single-family houses are vacant.

What Percent Of Condos & HOA Housing Units Are Occupied?

Around 65.5 percent of HOAs housing units are occupied, leaving 35% vacant.

Vacancy Rates In America By State

The State of North Dakota has the highest vacancy rate in America at 12.9% followed by Alabama (12.8%), D.C. (11.0%), Missouri (10.4%), and Mississippi (10.1%).  The states with the lowest vacancy rates in the U.S. are Vermont with 1.8% vacancy followed by Rhode Island (2.2%), Maine (2.5%), New Hampshire (3.0%), and New Jersey (3.5%).

Below is a detailed breakdown of vacancy rates in each state:

STATE PERCENT OF VACANCY
Alabama 12.8%
Alaska 3.9%
Arizona 4.7%
Arkansas 6.8%
California 4.8%
Colorado 4.1%
Connecticut 5.4%
Delaware 3.8%
District Of Columbia 11.0%
Florida 7.5%
Georgia 5.5%
Hawaii 6.8%
Idaho 4.0%
Illinois 8.0%
Indiana 7.8%
Iowa 7.6%
Kansas 8.3%
Kentucky 6.8%
Louisiana 6.1%
Maine 2.5%
Maryland 4.8%
Massachusetts 4.5%
Michigan 5.9%
Minnesota 8.9%
Mississippi 10.1%
Missouri 10.4%
Montana 4.3%
Nebraska 5.2%
Nevada 4.2%
New Hampshire 3.0%
New Jersey 3.5%
New Mexico 6.5%
New York 6.8%
North Carolina 4.4%
North Dakota 12.9%
Ohio 6.5%
Oklahoma 5.4%
Oregon 4.7%
Pennsylvania 6.5%
Rhode Island 2.2%
South Carolina 6.6%
South Dakota 8.7%
Tennessee 7.6%
Texas 7.9%
Utah 4.6%
Vermont 1.8%
Virginia 4.4%
Washington 5.3%
West Virginia 6.0%
Wisconsin 3.5%
Wyoming 7.5%

Homeownership Statistics by Race

How Many African Americans Own Their Home?

African Americans have a homeownership rate of 44%.

How Many Latino Americans Own Their Home?

Among Latino Americans, 51% own their home.

How Many Caucasian Americans Own Their Home?

Home ownership among Caucasian Americans is at an all-time high of 74 percent.

Key Statistics:

  • Ownership rates among Caucasians are, on average, 50% higher than those of other ethnicities.

  • The homeownership rate for Hispanics rose from 49% to 51% according to a Census report.

  • First-time buyers make up roughly one third (33%) of all house purchasers.

  • Given current trends, the world’s population will have to build 2 billion additional houses by the year 2100.

Homeownership Rates by Age

What Is The Average Age Of A Homeowner?

The average homeowner is 56 years old, the median age of homeowners has never been higher at 57.

What Percentage Of 25 Year Olds In America Own A Home?

In the United States, 3.1% of people aged 25 to 29 own a home.

What Percentage Of 30 Year Olds Own A Home In The U.S.?

In America, 5.9% of 30- to 34-year-olds own a home.

What Age Group In The U.S. Has Seen The Biggest Decrease In Homeownership?

The majority of Americans under the age of 44 have seen their homeownership rates plummet over the last 10 years.

Homeownership Statistics By Age Group

Americans under the age of 25 have the least amount of homeownership at .80% and people in the age range of 55-64 has the largest amount of home ownership in the country.

AGE RANGE (YEARS) % OF AGE GROUP
Under 25 0.80%
25 – 29 3.10%
30 – 34 5.90%
35 – 44 15.70%
45 – 54 19.00%
55 – 64 23.40%
65 – 74 18.50%
75+ 13.60%

Key Statistics:

  • The median age of a home owner is 56 years old; the all-time high median age is 57 years.

  • The average age of a new homeowner who has been in their house for less than 3 years is 46, with the median age at 42.

  • 65- to 70-year-olds have the highest homeownership rate among all age groups at 78.6%.

  • The homeownership rate for people aged 65 to 75 years old is 78.6 percent.

  • Since 2003, the median age of homeowners has risen by 11.8%.

  • Approximately 56.9% of American homebuyers aged 30 to 34 years old have been in their home for 3 years or less.

  • Concluding Thoughts Taking Action The percentage of North American homeownership has increased to 65.8 percent, and condo ownership is also on the rise with around 27% of home owners opting for that choice. And, it might not seem like it, but the average age of a homeowner is 56 years old, this means we should also be looking to get younger generations into a home. However, we still have some work to do when it comes to homeownership, home or condo insurance coverage (How Many People Have Homeowners Insurance In The US? Some 60% of people insured are  Sources:Property Management | Policy Advice | Census.gov | Zillow | Census.gov (PDF) |