Special Report
States With the Highest Homeownership Rates
October 10, 2021 10:00 am
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5. Michigan
> Homeownership rate: 71.6%
> Median owner-occupied home value: $169,600 (12th lowest)
> Housing units with a mortgage: 59.3% (19th lowest)
> Median monthly housing costs (w/ mortgage): $1,285 (15th lowest)
> Median household income: $59,584 (19th lowest)
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4. Wyoming
> Homeownership rate: 71.9%
> Median owner-occupied home value: $235,200 (23rd highest)
> Housing units with a mortgage: 59.2% (18th lowest)
> Median monthly housing costs (w/ mortgage): $1,417 (22nd lowest)
> Median household income: $65,003 (19th highest)
24/7 Wall St.
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3. Minnesota
> Homeownership rate: 71.9%
> Median owner-occupied home value: $246,700 (21st highest)
> Housing units with a mortgage: 65.1% (15th highest)
> Median monthly housing costs (w/ mortgage): $1,595 (19th highest)
> Median household income: $74,593 (13th highest)
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2. Maine
> Homeownership rate: 72.2%
> Median owner-occupied home value: $200,500 (23rd lowest)
> Housing units with a mortgage: 60.5% (24th lowest)
> Median monthly housing costs (w/ mortgage): $1,387 (20th lowest)
> Median household income: $58,924 (16th lowest)
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1. West Virginia
> Homeownership rate: 73.4%
> Median owner-occupied home value: $124,600 (the lowest)
> Housing units with a mortgage: 46.4% (the lowest)
> Median monthly housing costs (w/ mortgage): $1,052 (the lowest)
> Median household income: $48,850 (2nd lowest)
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