Homeownership Rate: The percentage of housing units occupied by the owner of the unit
Renter Rate: The percentage of housing units who are occupied by someone who is not the owner of the unit
American Community Survey (ACS), 5-year estimates, Table B25003
2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021
*Note: Each year of available data shown above is a 5-year estimate, or an average of data collected over a five year period. 5-year estimates are used to increase the reliability of the data at small geographies like neighborhoods and census tracts. The years shown on the NDSC map represent the final year of the five year average (e.g. “2010” represents 2006-2010 data, “2011” represents 2007-2011 data, and so on). For the most impactful comparison of data over time, the ACS recommends comparing non-overlapping years (e.g. 2010-14 with 2015-19).
Why are these variables important to measure?
Owning a home has long been considered an important milestone, as it represents a step toward long-term financial stability. It offers benefits to the neighborhood, as well: homeowners move less frequently and tend to be engaged in their community and its institutions, such as schools and businesses. Because they are financially and personally invested in the neighborhood, homeowners often take interest in local improvement initiatives.
Written by Priya Ranganath