homeownership rate

homeownership rate

The ratio of owner-occupied units to total residential units in a specified area.

Example: For an area with 20,000 units, 17,000 of them are owner-occupied and 3,000 are occupied with renters. This means that the ratio of owner-occupied units is 85 percent and the ratio of rentals is 15 percent.

References in periodicals archive ?
The homeownership rate gap between native-born households and that of immigrant households in smaller metropolitan areas was only 13.
The gap was larger among graduates with associate's degrees, and the homeownership rate of associate degree holders who took on student debt was closer to that of Americans with no degree than to that of their fellow associate's degree grads with no debt.
If the young adult homeownership rate continues to stabilize, expected population growth will generate a faster increase in young homeowners than experienced during the housing boom of 2000 to 2005.
Similarly, should federal housing policy return to promoting homeownership, one would expect the homeownership rate to respond.
It suggests the actual homeownership rate is probably in the 64 percent to 65 percent range--and given changing demographics, the homeownership rate is probably close to a bottom.
New York State has the lowest homeownership rate in the nation, according to census data, MSNBC reported.
The black homeownership rate stagnated after 1910, partly because of the Great Migration to northern cities, where most blacks became renters.
Census, the national homeownership rate was approximately 63 percent in 1965 and remained fairly stable for the next thirty years.
Still, the city's homeownership rate (33%) remains lower than that in other major U.
The homeownership rate began to trend upward in 1995 after years of being relatively constant, near 64 percent.
homeownership rate remains at or near its all high-time high, the homeownership rate for working families continues to lag behind.
But the rental market has been staging a comeback recently, and the nation's homeownership rate has stagnated.