Special Report

Cities Where the Most People Own Their Homes

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20. Missouri City, Texas
> Homeownership rate: 80.6%
> Median owner-occupied home value: $171,000
> Median household income: $88,896
> Median rooms per housing unit: 6.9 rooms

More than 80% of Missouri City, Texas, homes are owned by their residents, as compared to just 62.0% of Texan homes. Most Missouri City households have an annual income of over $88,000 — well above the U.S. median household income of $57,562. Yet the city’s median home value of $171,000 is lower than the U.S. median home value of $193,500.

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19. Sugar Land, Texas
> Homeownership rate: 80.7%
> Median owner-occupied home value: $292,700
> Median household income: $108,994
> Median rooms per housing unit: 7.2 rooms

Sugar Land, Texas, like Missouri City, is a Houston-area city in which more than 80% of occupied homes are owned by their occupants. Area residents are likely better able to pay off their mortgages as indicators point to favorable economic conditions in the area. The annual unemployment rate in Sugar Land of 3.0% is below the national rate, and the median annual household income of $109,000 is nearly double the national median.

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18. Fishers, Indiana
> Homeownership rate: 80.8%
> Median owner-occupied home value: $240,100
> Median household income: $101,469
> Median rooms per housing unit: 7.5 rooms

Half the houses in Fishers, Indiana, are worth less than $240,000. A quarter of homes, however, have a value between $300,000 and $500,000, and 8.3% are worth $500,000 or more. Fishers residents tend to have much higher incomes than across Indiana. The city’s $101,469 median annual household income is nearly double the state’s median of $52,182.

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17. Bolingbrook, Illinois
> Homeownership rate: 80.9%
> Median owner-occupied home value: $209,200
> Median household income: $83,419
> Median rooms per housing unit: 6.8 rooms

Bolingbrook, Illinois, is a suburb southwest of Chicago. Its residents have access to higher-paying jobs in the major city. Access to high-paying jobs in Chicago help explain Bolingbrook’s median household income of over $83,000 annually, as compared to the state median income of just over $61,000. These higher incomes make it easier to afford homes, which may explain why nearly 81% of Bolingbrook occupied homes are owned by their residents, as compared to Illinois’ home ownership rate of 66.1%.

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16. Centennial, Colorado
> Homeownership rate: 81.9%
> Median owner-occupied home value: $367,000
> Median household income: $100,770
> Median rooms per housing unit: 7.6 rooms

Centennial, Colorado, homes are among the largest in the country, with a median of 7.6 rooms per home. The median U.S. home has 5.5 rooms. Residents of Centennial are likely able to buy homes because financial strain is relatively uncommon. Just 4.3% of residents live in poverty, compared to 14.6% nationwide, and the median annual household income is over $100,000.