Homeownership Statistics for Metro Areas

The national homeownership rate for the first quarter of 2015 fell below 64 percent, the lowest level in about two decades.

Homeownership rates declined in all but one of the nation’s 100 largest metro areas between 2006 and 2013. The Las Vegas-Henderson-Paradise, Nevada, and Phoenix-Mesa-Scottsdale, Ariz., metro areas, along with others experiencing large numbers of foreclosures, have experienced some of the largest reductions in homeownership nationally.

This table shows the change in homeownership over this period for the 100 largest metro areas:

SOURCE: Joint Center for Housing Studies of Harvard University tabulations of U.S. Census Bureau 2013 American Community Survey data

It's not just younger Americans who are preferring to rent -- the slow shift away from homeownership has occurred across all age groups. Homeownership rates for all age groups have declined in recent years, with the notable exception of those over age 65.

Under 35, Age 35-44, Age 45-54, Age 55-64, Age 65+