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  • How Many Homeowners Are There In The U.S.? Plus Over 51 Home Ownership Statistics For 2022!

How Many Homeowners Are There In The U.S.? Plus Over 51 Home Ownership Statistics For 2022!

Written By Licensed Agent Sa ElApril 11, 2022

Homeownership in America is constantly on the move, in-fact, some 65.8% of Americans own a home as of 2022. 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.

Top Home Ownership Statistics In America:

  • 65.8% of Americans own a home as of 2022.
  • 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.
  • 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

Percentage Of Homeownership In North America

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 In 2022


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

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 (Some 60% of people insured are underinsured on their policy) and lending equality for minorities. 

Sources:


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