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This report presents 116th congressional district and state data about homeownership and the housing market that REALTORS® can use to advocate for sustainable and affordable homeownership. Homeownership represents the achievement of the American dream and is associated with upward economic and social mobility and wealth creation.

In the first quarter of 2020, the U.S. homeownership rate rose to 65.3%.1 While the homeownership rate has improved since it hit a low of 62.8% in 2016, it remains below the peak rate of 69.2% in 2004. By age group, the homeownership rate has declined the most among the 35-44 year old age group and among Black households, but it has improved among Hispanic households. Family income is a key determinant of homeownership, so comprehensive policies are needed to increase homeownership.   

Homeownership provides an opportunity for households and the succeeding generations to move up the economic ladder and build up wealth. In 2016, the median net worth of homeowners was $231,400, 45 times the median net worth of renters of $5,200.2

Housing and real estate contribute to economic output and employment. In the first quarter of 2020, housing and real estate construction ( residential and commercial) accounted for nearly 20% of gross domestic product. Based on the most recent data (2018), 19.2 million people are employed (payroll and self-employed) in construction, real estate, rental, and leasing, making up 10% of total employment. Every existing home sale is associated with two jobs.

Stable housing and homeownership is associated with positive educational and health outcomes, civic participation, and other positive societal outcomes by encouraging the formation of safe, stable, and livable neighborhoods.3


Current U.S. Homeownership Rate

Chart: U.S. Homeownership Rate as of 2020 Q1
Chart: US homeownership rate by race and ethnicity

Real estate, demographic, and economic data are presented to provide information about the status of homeownership, trends in the real estate market, and the economic conditions that underlie the demand for housing. 

Realtors Property Resource® (RPR) provides additional demographic data at the congressional district level. Please visit to generate the additional report.

1 Source: U.S. Census Bureau, Housing Vacancies and Homeownership (CPS/HVS)
2 Source: Federal Reserve Board, 2016 Survey of Consumer Finances
3 National Association of REALTORS®, Social Benefits of Homeownership and Stable Housing, December 2016,

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