Only about 53% of Americans own homes, or about 12 percentage points lower than previous data has shown, the study found.

Only about 53% of U.S. adults own homes, far below the commonly cited 65% homeownership rate, according to new Federal Reserve research that paints a starker picture of access to homeownership.

(PSA: Never trust the state’s statistics.)

  • booly@sh.itjust.works
    7·
    4 days ago

    It’s worth reading the underlying paper, here.

    Figure 3 has an interactive chart showing both stats (the traditional measure and the new metric under discussion), and visually shows the spread, by age, across all age groups. (If you’re on a phone you can pull the chart up full screen to be able to see y axis lines.)

    Some of the discussion around there is interesting, too:

    The owner-occupancy rate for households headed by adults under age 35 was 37 percent in 2024. Using the HPOP, which accounts for co-residents and dorm dwellers, we find a substantially lower number: only 22 percent of adults under 35 own their homes.

    Figure 6 gives state by state data and shows the actual spread between the two metrics for each state, so you can see big state differences, too.