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States With Highest and Lowest Homeownership Rates

October 18, 2011

A highlight of the U.S. Census Bureau’s report “Housing Characteristics: 2010” is a list of the states that have the highest and lowest percentage of homes occupied by their owners. According to the data, homeownership rates were high in thinly populated states and those with low home prices, while homeownership was low in states with expensive homes and large cities.

Here’s a look at the states with the highest and lowest percentage of homes occupied by their owners.

Highest Homeownership Rates West Virginia

  • Homeownership rate: 73.4 percent
  • Median home value: $94,500 (the lowest)
  • Population: 1,853,973
Minnesota
  • Homeownership rate: 73.0 percent
  • Median home value: $200,400 (20st highest)
  • Population: 5,310,584
Michigan
  • Homeownership rate: 72.1 percent
  • Median home value: $132,200 (14th lowest)
  • Population: 9,877,574
Iowa
  • Homeownership rate: 72.1 percent
  • Median home value: $122,000 (8th lowest)
  • Population: 3,049,883
Delaware
  • Homeownership rate: 72.1 percent
  • Median home value: $249,400 (13th highest)
  • Population: 899,769


Lowest Homeownership Rates

New York
  • Homeownership rate: 53.3 percent
  • Median home value: $306,000 (6th highest)
  • Population: 19,392,283
California
  • Homeownership rate: 55.9 percent
  • Median home value: $384,200 (2nd highest)
  • Population: 37,349,363
Hawaii
  • Homeownership rate: 57.7 percent
  • Median home value: $517,600 (the highest)
  • Population: 1,363,621
Nevada
  • Homeownership rate: 58.8 percent
  • Median home value: $207,600 (18th highest)
  • Population: 2,704,642
Rhode Island
  • Homeownership rate: 60.7 percent
  • Median home value: $267,100 (9th highest)
  • Population: 1,052,886



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