Homeownership rate

To see whether and how the share has changed over time, the visualization compares the most recent shares to those at one or more previous points in time.

The following example shows how to create the visualization using New York City data.

Homeowner share of households in New York City and U.S.

Data Source: American Community Survey (accessed via American Fact Finder)

Interpretation of New York City example

New York City’s homeownership rate fell by 4.2 percent between 2006 and 2016. In 2016, less than a third of New York City households owned their homes, about half the national homeownership rate (63.1 percent).

How to construct

This data is downloaded from American Fact Finder. Specifically, data is obtained for both New York City and the U.S. from TABLE B25003 TENURE for the one-year ACS estimates for 2006 and 2016. To calculate the homeownership share of households within a specific geography, divide the number of owner-occupied households by the total number of occupied households.

Figure note

Data are shown separately for New York and the U.S. for comparison. The data are displayed as a column chart with two columns representing the New York City and the U.S. homeownership rate in different years (2006 and 2016).

See also:
Housing cost burdened owner households
Relative growth of real median income versus home prices, New York City
Age distribution of the housing stock in 2016, New York City