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American Dream of Homeownership Out of Reach for a Growing Number of Americans

MONDAY, NOV 14, 2022

Soaring housing prices, spiraling inflation, and rising interest rates are putting the American dream of homeownership even more out of reach for a growing number of Americans. Yet there are still at least a baker’s dozen of micropolitan and metropolitan statistical areas with homeownership rates that top 80 percent of households, according to a Social Explorer analysis of 2021 American Community Survey data.

The Villages, Fla., a fast-growing central Florida metro, boasts the nation’s largest share of homeowners at 89.1 percent. It’s followed by Holland, Mich. (88 percent); Homosassa Springs, Fla. (84 percent); Marinette, Wis. (83.2 percent); and Punta Gorda, Fla. (82.7 percent). All except Holland have a population with a median age greater than the U.S. median of 38.8.

Use Social Explorer’s flexible, intuitive report and mapping tools to check out the state of homeownership in your community.

 

Households that Received Food Stamps, 2021. Click here to explore further.

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Author: Frank Bass

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