Cities Where the Most People Own Their Homes

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15. O’Fallon, Missouri
> Homeownership rate: 82.3%
> Median owner-occupied home value: $207,700
> Median household income: $84,580
> Median rooms per housing unit: 6.3 rooms

Residents of O’Fallon tend to be much better off financially than those in Missouri as a whole, allowing them the financial flexibility to purchase their own homes instead of renting. The St. Louis-area city’s median annual household income of $84,580 is $33,000 higher than the state’s median.

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14. Bowie, Maryland
> Homeownership rate: 82.6%
> Median owner-occupied home value: $315,900
> Median household income: $108,637
> Median rooms per housing unit: 7.3 rooms

Bowie, Maryland’s proximity to Washington, D.C. provides its residents access to many high-paying government and contracting positions. The city’s annual median household income is $108,637, more than $50,000 higher than the U.S. median. This financial flexibility allows residents to make large purchases, like a home.

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13. Yorba Linda, California
> Homeownership rate: 82.6%
> Median owner-occupied home value: $792,700
> Median household income: $123,962
> Median rooms per housing unit: 6.8 rooms

The median home price in Yorba Linda, California, is nearly $800,000 — more than four times the median nationwide. Despite these high prices, homeownership is very high in Yorba Linda — 82.6% of homes in the city are occupied by their owner. Homeownership rates are likely boosted by the area’s relatively high median household income of $123,962, more than double the U.S. median.

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12. Tinley Park, Illinois
> Homeownership rate: 83.3%
> Median owner-occupied home value: $223,100
> Median household income: $76,061
> Median rooms per housing unit: 6.1 rooms

Tinley Park is one of three Illinois cities in which more than 80% of occupied homes are lived in by their owner. Each of these cities is relatively close to Chicago and the lucrative jobs available there. At $223,100, the median home in Tinley Park is more expensive than the median home in Illinois, which is $179,700.

Source: Thomas R Machnitzki (thomas@machnitzki.com) / Wikimedia Commons

11. Bartlett, Tennessee
> Homeownership rate: 84.7%
> Median owner-occupied home value: $172,300
> Median household income: $82,213
> Median rooms per housing unit: 7.1 rooms

Nearly 85% of Bartlett, Tennessee, homes are owned by their residents, one of the highest homeownership rates in the country. In Bartlett, financial struggles are much less common than in Tennessee overall. The poverty rate of 6.7% is a full 10 percentage points lower than the state’s, and the median annual household income of $82,213 is well above Tennessee’s median of $48,700.