DAILY REAL ESTATE NEWS | TUESDAY, MARCH 18, 2014
Barnstable Town, Mass., has the highest home ownership rate in the country, at 81.6 percent. The national home ownership rate is 64.7 percent.
The National Association of Home Builders, using housing data from the 2012 American Community Survey, uncovered the 10 metro areas with the highest home ownership rates in the country.
“As one might expect, the home ownership rate is linked to affordability,” according to NAHB’s blog. “In general, home ownership rates are higher when homes are more affordable. Eight of the top ten metropolitan areas have median home values below the national median home value of $171,900.”
The following metro areas have the highest home ownership rates in the nation, according to NAHB.
- Barnstable Town, Mass.: 81.6%
- Punta Gorda, Fla.: 79.8%
- Nassau-Suffolk, N.Y.; New York-Northern New Jersey-Long Island, N.Y.-N.J.-Pa.: 79.6%
- Holland-Grand Haven, Mich.: 78.3%
- Bay City, Mich.: 77.5%
- Monroe, Mich.: 77.1%
- Houma-Bayou Cane-Thibodaux, La.: 76.4%
- Idaho Falls, Idaho: 76.2%
- Palm Coast, Fla.: 75.9%
- Johnstown, Pa.: 75.8%
Source: “Top 10 Metro Areas: Home Ownership Rates,” NAHB’s Eye on Housing (March 13, 2014)