Cities Where the Most People Own Their Homes

Print Email

Source: 4nadia / Getty Images

5. Sammamish, Washington
> Homeownership rate: 86.3%
> Median owner-occupied home value: $679,900
> Median household income: $157,271
> Median rooms per housing unit: 7.6 rooms

The median annual household income of Sammamish, Washington, of $157,271 is over $100,000 higher than the U.S. median. This is likely one of the reasons why Sammamish has a high homeownership rate of 86.3%, even though the value of homes in the area is much higher than the typical U.S. home.

Source: Runfellow / Wikimedia Commons

4. Flower Mound, Texas
> Homeownership rate: 86.9%
> Median owner-occupied home value: $312,000
> Median household income: $128,426
> Median rooms per housing unit: 7.9 rooms

Housing units in Flower Mound, Texas, are among the largest in the country, with a median of nearly eight rooms. This Dallas-area city has a median annual household income of $128,426, more than double the U.S. median of $57,562.

Source: William Wesen / Wikimedia Commons

3. Lakeville, Minnesota
> Homeownership rate: 86.9%
> Median owner-occupied home value: $276,500
> Median household income: $102,943
> Median rooms per housing unit: 7.5 rooms

Just south of the Twin Cities, Lakeville, Minnesota, has a median annual household income of nearly $103,000, well above the state’s median of $65,699. Nearly 87% of Lakeville occupied homes are occupied by their owners, one of the highest homeownership rates in the country. Homes in this city tend to be larger and more expensive than American homes, with a $276,500 median value and a 7.5 room per home median. Nationwide, the typical home has a value of $193,500 and 5.5 rooms.

Source: Larry D. Moore / Wikimedia Commons

2. Rowlett, Texas
> Homeownership rate: 87.6%
> Median owner-occupied home value: $181,500
> Median household income: $90,391
> Median rooms per housing unit: 6.9 rooms

Residents of Rowlett, Texas, are much less likely to struggle financially than Texans as a whole. The city’s 6.7% poverty rate is well below the Texas poverty rate of 16.0%. Like many of the other cities on this list, Rowlett has very few new homes being built. Just 2.8% of Rowlett homes were built since 2010, but nearly 24% of homes in the city were built from 2000 to 2009.

Source: roadgeek / Flickr

1. Orland Park, Illinois
> Homeownership rate: 89.2%
> Median household income: $85,802
> Median owner-occupied home value: $277,300
> Median rooms per housing unit: 6.6 rooms

Nearly 90% of all occupied homes in Orland Park, Illinois, are owned by their occupants, by far the highest homeownership rate in the country. Orland Park’s close proximity to Chicago allows residents access to the city’s numerous high-paying jobs. The median annual household income in the city of $85,802 is much higher than Illinois’ median of $61,229.