Changes in U.S homeownership
Homeownership by age groups
Percentage of homeownership vs. rental occupancy
|Month||Age < 35||35–44||45–54||55–64||65+|
The first graph shows homeownership by age group, comparing data from June 2015 and June 2018. People 35–44 had the largest increase in homeownership among all age groups. This trend is likely because the age of marriage and childbearing in the U.S. has been rising, so related life milestones like buying a home are more likely happening later in life.
Homeownership dropped for the 55–64 and 65+ age groups, with the largest drop for those over 65. This decline indicates that baby boomers will age out of homeownership by moving into retirement communities, their children's homes or rentals of their own.
The second graph depicts the trends in rental occupancy and homeownership from June 2015 to June 2018. The rental occupancy has remained high over the past three years above 92%. The data also indicates that homeownership has increased a little bit over the past three years from 63.4% in June 2015 to 64.3% in June 2018.1
1Source data: U.S. Census & CoreLogic®
Data date: 07/25/2018
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