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This report presents 116th congressional district - and state- level data about homeownership and the housingmarket that REALTORS® can use to advocate for sustainable and affordable homeownership. For many people, homeownership is the achievement of the American dream and their major source of wealth.

The U.S. homeownership rate slightly dipped to 64.1% in 2019 Q2 (64.3% in 2018 Q2; 64.2% in 2019 Q1).The homeownership rate has improved from the low point of 62.9% in 2016 Q2, but it remains below the 69.2% peak in 2004 Q4. Compared to the number of households in 2000 Q1, there were 9.3 million new renter households in 2019 Q2, outpacing the 7.4 million new homeowner households.1

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 Homeownership is also associated with positive social and economic benefits brought about by encouraging  the formation of safe, stable, and livable neighborhoods.3


Current U.S. Homeownership Rate

Chart: U.S. Homeownership Rate as of 2018 Q4

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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