Special Report

The Zip Code With the Highest Homeownership Rate in Every State

The American housing market took off during the early months of the COVID-19 pandemic. The homeownership rate – or the share of housing units occupied by their owner – jumped by 2.6 percentage points from the first quarter to the second quarter of 2020, by far the largest increase ever recorded. By the end of 2020, there were 2.1 million more homeowners in the United States than there were a year earlier. 

The surge in home sales was fueled by several factors, including historically low mortgage rates, and, as some experts speculate, the pandemic, which led many Americans to re-evaluate where and how they live. Here is a look at the mortgage rate in America every year since 1972

Nationwide, the homeownership rate stands at 64.4%, according to the latest American Community Survey data from the U.S. Census Bureau. This rate varies substantially across the country, however, from state to state, and community to community. 

Using census data, 24/7 Wall St. identified the ZIP code in every state with the highest homeownership rate. ZIP codes are ranked by the share of housing units occupied by their owners. 

Among the places on this list, homeownership rates range from 88% to 100% and are higher than the corresponding state homeownership rate in every case. 

In most ZIP codes on this list, median household incomes are higher than they are across the state. Higher incomes can help make homeownership more affordable for larger shares of the population and offset the higher than average housing costs that are common in many of the places on this list. Here is a look at the 20 cities where the middle class can no longer afford housing

Click here to see the ZIP code with the highest homeownership rate in each state
Click here to read our detailed methodology

Sponsored: Tips for Investing

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.