Highlights from 12/2024 Census Data Release Selected Statistics: Owner-Occupied & Rental Units*
• The number of owner-occupied housing units increased from 76.4 million units in 2014-2018 to 82.9 million in 2019-2023. More people owned homes than rented in 3,070 of the nation’s 3,144 counties. (Dense urban-area counties are most likely to have more tenant-occupied units than owner-occupied homes.)
• The number of owner-occupied households without a mortgage increased by 3.9 million units to 38.8% of owned homes, a historic high.
• Between the two 5-year periods, the number of rented units increased by over a million to 44.6 million units. Much of the national increase in rental housing was driven by a small number of counties, such as Harris, Travis and Bexar counties in Texas; Kings County in New York; and Miami-Dade County in Florida. • There were approximately 20 million tenant-occupied units – almost 45% of rental housing – paying more than 30% of their monthly income toward housing costs (vs. 17.3 million, or 21%, of owned units). Households who spend more than 30% of their income toward housing costs are considered “cost burdened” by the Department of Housing and Urban Development. • Many of the counties with the highest median gross rents were in California (including San Mateo, Santa Clara, Marin and San Francisco counties), Virginia (Arlington, Loudon and Fairfax counties), or New York (Nassau, Suffolk and New York counties).
*Data per 2019-2023 American Community Survey (ACS) 5-year estimates released 12/12/24. Data from sources deemed reliable but may contain errors and subject to revision. All numbers should be considered approximate.
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