Homeownership Rate in the U.S.

The local Jacksonville moving specialists learned that the national rate of homeownership is at 65.5%. This number represents the lowest rate since 1996 and becomes even lower when pending foreclosures are thrown in the mix. The homeownership rate was at about 68% during the real estate boom and started to deflate by 2008. When foreclosures and serious delinquencies are factored in, the rate is more lime 61.2% which in more like the rate the U.S. had in 1965. The All My Sons of Jacksonville learned the Midwest had the most homeowners with a rate of 69.9% compared with 67.4 in the South, 63.7% in the Northeast and 59.7% in the West. According to the Business Journals, in 98.5% of American counties there are more homeowners than renters. In 30 states, all the counties have more than 50% homeowners. The local Jacksonville moving specialists also learned that in 46 of the nations 3,141 counties that the majority of the residents rent their homes including New York, Kansas, Georgia and San Francisco.


In Florida, the All My Sons of Jacksonville discovered that Sumter County has one of the highest homeownership rate at 89.66% only topped by Keweenaw County in Michigan which is at 89.33%. The Bronx County in New York has the highest percentage of renters.

So what's your situation? Are you a renter or homeowner?