{"id":6140,"date":"2022-02-07T15:07:11","date_gmt":"2022-02-07T21:07:11","guid":{"rendered":"https:\/\/nwfl4sale.com\/little-change-in-u-s-homeownership-rate\/"},"modified":"2022-02-07T15:07:11","modified_gmt":"2022-02-07T21:07:11","slug":"little-change-in-u-s-homeownership-rate","status":"publish","type":"post","link":"https:\/\/nwfl4sale.com\/little-change-in-u-s-homeownership-rate\/","title":{"rendered":"Little Change in U.S. Homeownership Rate"},"content":{"rendered":"
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The homeownership rate dipped in 4Q 2021 to 65.6% as buyers struggle to find homes. The Midwest (70.1%) has the highest rate, the West (60.5%) has the lowest.<\/span><\/span><\/p>\n<\/div>\n WASHINGTON \u2013 The U.S. Census Bureau says the nation\u2019s homeownership rate was essentially unchanged in 2021, though in the fourth quarter, it dipped by a 0.3 percentage point to 65.5% from 65.6% in the first quarter.<\/span><\/span><\/p>\n The Midwest had the highest homeownership rate at 70.1%; the West had the lowest at 60.5%.<\/span><\/span><\/p>\n The rate among adult age 35 and younger was 38.3%, but the rate jumps to 61.4% among those in the next 10-year age range. The oldest age group, those 65 or older, had a rate of 79.4%.<\/span><\/span><\/p>\n The rate for all age groups with the exception of those 35 to 44 was slightly lower than in the fourth quarter of 2020.<\/span><\/span><\/p>\n The Census Bureau also reported that white, non-Hispanics had the highest ownership rate at 74.4%, largely unchanged from the previous fourth quarter. However, the rate of Black homeownership dropped 1 point to 43.1%, further widening a gap that had been narrowing prior to the pandemic.<\/span><\/span><\/p>\n Homeownership among Asians, Native Hawaiians and Pacific Islanders rose 1.6 points year-over-year, while the rate for Hispanics declined slightly.<\/span><\/span><\/p>\n Meanwhile, the homeowner vacancy rate in the fourth quarter was 0.9% compared to 1% a year earlier, but it declined a half point since the beginning of the pandemic. The rental vacancy rate was up 0.7 point from the prior quarter, nearly a point lower than in the fourth quarter of 2020.<\/span><\/span><\/p>\n