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.Â
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.Â
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.Â
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.Â
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.Â
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.Â
Click here to see the ZIP code with the highest homeownership rate in each state
Click here to read our detailed methodology
Source: U. S. Department of Agriculture:County Courthouse Photos / Public Domain / Wikimedia Commons
Alabama: 36553
> Location: McIntosh
> Homeownership rate: 97.0% (Alabama: 69.2%)
> Median home value: $128,500 (Alabama: $149,600)
> Median monthly housing costs (w/ a mortgage): $1,198 (Alabama: $1,196)
> Median monthly housing costs (no mortgage): $349 (Alabama: $367)
> Median household income: $47,461 (Alabama: $52,035)
> No. of zip codes considered in ranking: 420
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Source: Jacob Boomsma / iStock via Getty Images
Alaska: 99516
> Location: Anchorage
> Homeownership rate: 90.7% (Alaska: 64.8%)
> Median home value: $470,100 (Alaska: $275,600)
> Median monthly housing costs (w/ a mortgage): $2,894 (Alaska: $1,937)
> Median monthly housing costs (no mortgage): $893 (Alaska: $591)
> Median household income: $148,108 (Alaska: $77,790)
> No. of zip codes considered in ranking: 51
Source: 4kodiak / E+ via Getty Images
Arizona: 85266
> Location: Scottsdale
> Homeownership rate: 96.9% (Arizona: 65.3%)
> Median home value: $766,900 (Arizona: $242,000)
> Median monthly housing costs (w/ a mortgage): $2,857 (Arizona: $1,464)
> Median monthly housing costs (no mortgage): $731 (Arizona: $430)
> Median household income: $134,658 (Arizona: $61,529)
> No. of zip codes considered in ranking: 279
Source: Courtesy of Discover Arkansas
Arkansas: 71929
> Location: Bismarck
> Homeownership rate: 98.8% (Arkansas: 65.8%)
> Median home value: $120,600 (Arkansas: $133,600)
> Median monthly housing costs (w/ a mortgage): $1,088 (Arkansas: $1,103)
> Median monthly housing costs (no mortgage): $274 (Arkansas: $353)
> Median household income: $55,283 (Arkansas: $49,475)
> No. of zip codes considered in ranking: 247
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Source: Derek_Neumann / iStock via Getty Images
California: 92861
> Location: Villa Park
> Homeownership rate: 94.5% (California: 55.3%)
> Median home value: $1,239,600 (California: $538,500)
> Median monthly housing costs (w/ a mortgage): $4,000+ (California: $2,422)
> Median monthly housing costs (no mortgage): $992 (California: $618)
> Median household income: $164,919 (California: $78,672)
> No. of zip codes considered in ranking: 1,236
Colorado: 80542
> Location: Mead
> Homeownership rate: 98.0% (Colorado: 66.2%)
> Median home value: $384,600 (Colorado: $369,900)
> Median monthly housing costs (w/ a mortgage): $2,208 (Colorado: $1,808)
> Median monthly housing costs (no mortgage): $648 (Colorado: $488)
> Median household income: $101,042 (Colorado: $75,231)
> No. of zip codes considered in ranking: 273
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Source: Public Domain / Wikimedia Commons
Connecticut: 06883
> Location: Georgetown
> Homeownership rate: 97.9% (Connecticut: 66.1%)
> Median home value: $840,700 (Connecticut: $279,700)
> Median monthly housing costs (w/ a mortgage): $4,000+ (Connecticut: $2,127)
> Median monthly housing costs (no mortgage): $1,500+ (Connecticut: $900)
> Median household income: $207,863 (Connecticut: $79,855)
> No. of zip codes considered in ranking: 222
Delaware: 19951
> Location: Harbeson
> Homeownership rate: 98.4% (Delaware: 71.4%)
> Median home value: $298,000 (Delaware: $258,300)
> Median monthly housing costs (w/ a mortgage): $1,608 (Delaware: $1,591)
> Median monthly housing costs (no mortgage): $423 (Delaware: $475)
> Median household income: $84,799 (Delaware: $69,110)
> No. of zip codes considered in ranking: 48
Source: Shackleford-Photography / Getty Images
Florida: 33478
> Location: Jupiter Farms
> Homeownership rate: 98.1% (Florida: 66.2%)
> Median home value: $435,000 (Florida: $232,000)
> Median monthly housing costs (w/ a mortgage): $2,348 (Florida: $1,539)
> Median monthly housing costs (no mortgage): $791 (Florida: $513)
> Median household income: $121,275 (Florida: $57,703)
> No. of zip codes considered in ranking: 863
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Source: SeanPavonePhoto / iStock via Getty Images
Georgia: 31046
> Location: Juliette
> Homeownership rate: 95.6% (Georgia: 64.0%)
> Median home value: $171,600 (Georgia: $190,200)
> Median monthly housing costs (w/ a mortgage): $1,450 (Georgia: $1,449)
> Median monthly housing costs (no mortgage): $459 (Georgia: $435)
> Median household income: $67,479 (Georgia: $61,224)
> No. of zip codes considered in ranking: 522
Hawaii: 96760
> Location: Hawaiian Acres
> Homeownership rate: 89.3% (Hawaii: 60.3%)
> Median home value: $275,100 (Hawaii: $636,400)
> Median monthly housing costs (w/ a mortgage): $1,537 (Hawaii: $2,443)
> Median monthly housing costs (no mortgage): $300 (Hawaii: $540)
> Median household income: $62,196 (Hawaii: $83,173)
> No. of zip codes considered in ranking: 60
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Idaho: 83644
> Location: Middleton
> Homeownership rate: 92.0% (Idaho: 70.8%)
> Median home value: $266,300 (Idaho: $235,600)
> Median monthly housing costs (w/ a mortgage): $1,417 (Idaho: $1,312)
> Median monthly housing costs (no mortgage): $419 (Idaho: $388)
> Median household income: $75,285 (Idaho: $58,915)
> No. of zip codes considered in ranking: 102
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Illinois: 60558
> Location: Western Springs
> Homeownership rate: 97.6% (Illinois: 66.3%)
> Median home value: $609,600 (Illinois: $202,100)
> Median monthly housing costs (w/ a mortgage): $3,379 (Illinois: $1,709)
> Median monthly housing costs (no mortgage): $1,148 (Illinois: $650)
> Median household income: $184,412 (Illinois: $68,428)
> No. of zip codes considered in ranking: 647
Source: Public Domain / Wikimedia Commons
Indiana: 46373
> Location: St. John
> Homeownership rate: 97.1% (Indiana: 69.5%)
> Median home value: $281,300 (Indiana: $148,900)
> Median monthly housing costs (w/ a mortgage): $1,673 (Indiana: $1,155)
> Median monthly housing costs (no mortgage): $606 (Indiana: $416)
> Median household income: $98,261 (Indiana: $58,235)
> No. of zip codes considered in ranking: 442
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Source: ChrisBoswell / iStock via Getty Images
Iowa: 52411
> Location: Cedar Rapids
> Homeownership rate: 98.6% (Iowa: 71.2%)
> Median home value: $328,800 (Iowa: $153,900)
> Median monthly housing costs (w/ a mortgage): $2,203 (Iowa: $1,279)
> Median monthly housing costs (no mortgage): $687 (Iowa: $495)
> Median household income: $149,653 (Iowa: $61,836)
> No. of zip codes considered in ranking: 260
Source: DenisTangneyJr / iStock via Getty Images
Kansas: 66542
> Location: Tecumseh
> Homeownership rate: 96.1% (Kansas: 66.2%)
> Median home value: $162,600 (Kansas: $157,600)
> Median monthly housing costs (w/ a mortgage): $1,384 (Kansas: $1,400)
> Median monthly housing costs (no mortgage): $512 (Kansas: $517)
> Median household income: $87,984 (Kansas: $61,091)
> No. of zip codes considered in ranking: 228
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Source: daveamsler / iStock via Getty Images
Kentucky: 40056
> Location: Pewee Valley
> Homeownership rate: 95.7% (Kentucky: 67.6%)
> Median home value: $239,000 (Kentucky: $147,100)
> Median monthly housing costs (w/ a mortgage): $1,297 (Kentucky: $1,191)
> Median monthly housing costs (no mortgage): $481 (Kentucky: $379)
> Median household income: $87,647 (Kentucky: $52,238)
> No. of zip codes considered in ranking: 319
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Source: Judy Darby / iStock via Getty Images
Louisiana: 70431
> Location: Bush
> Homeownership rate: 95.6% (Louisiana: 66.6%)
> Median home value: $258,500 (Louisiana: $168,100)
> Median monthly housing costs (w/ a mortgage): $1,335 (Louisiana: $1,310)
> Median monthly housing costs (no mortgage): $339 (Louisiana: $344)
> Median household income: $45,729 (Louisiana: $50,800)
> No. of zip codes considered in ranking: 311
Source: DenisTangneyJr / E+ via Getty Images
Maine: 04917
> Location: Belgrade
> Homeownership rate: 96.6% (Maine: 72.9%)
> Median home value: $221,700 (Maine: $198,000)
> Median monthly housing costs (w/ a mortgage): $1,416 (Maine: $1,404)
> Median monthly housing costs (no mortgage): $566 (Maine: $500)
> Median household income: $76,899 (Maine: $59,489)
> No. of zip codes considered in ranking: 194
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Maryland: 21132
> Location: Pylesville
> Homeownership rate: 98.5% (Maryland: 67.1%)
> Median home value: $412,200 (Maryland: $325,400)
> Median monthly housing costs (w/ a mortgage): $2,692 (Maryland: $2,038)
> Median monthly housing costs (no mortgage): $612 (Maryland: $633)
> Median household income: $127,865 (Maryland: $87,063)
> No. of zip codes considered in ranking: 288
Massachusetts: 02779
> Location: Berkley
> Homeownership rate: 97.7% (Massachusetts: 62.5%)
> Median home value: $367,900 (Massachusetts: $398,800)
> Median monthly housing costs (w/ a mortgage): $2,168 (Massachusetts: $2,268)
> Median monthly housing costs (no mortgage): $778 (Massachusetts: $829)
> Median household income: $106,515 (Massachusetts: $84,385)
> No. of zip codes considered in ranking: 413
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Source: Courtesy of Macomb Township, Michigan
Michigan: 48042
> Location: Macomb
> Homeownership rate: 98.1% (Michigan: 71.7%)
> Median home value: $291,900 (Michigan: $162,600)
> Median monthly housing costs (w/ a mortgage): $1,807 (Michigan: $1,312)
> Median monthly housing costs (no mortgage): $598 (Michigan: $495)
> Median household income: $109,364 (Michigan: $59,234)
> No. of zip codes considered in ranking: 706
Minnesota: 55020
> Location: Elko New Market
> Homeownership rate: 98.7% (Minnesota: 71.9%)
> Median home value: $378,900 (Minnesota: $235,700)
> Median monthly housing costs (w/ a mortgage): $2,217 (Minnesota: $1,606)
> Median monthly housing costs (no mortgage): $706 (Minnesota: $548)
> Median household income: $134,836 (Minnesota: $73,382)
> No. of zip codes considered in ranking: 421
Source: Public Domain / Wikimedia Commons
Mississippi: 39108
> Location: McCool
> Homeownership rate: 98.6% (Mississippi: 68.8%)
> Median home value: $65,900 (Mississippi: $125,500)
> Median monthly housing costs (w/ a mortgage): $1,004 (Mississippi: $1,161)
> Median monthly housing costs (no mortgage): $283 (Mississippi: $358)
> Median household income: $41,250 (Mississippi: $46,511)
> No. of zip codes considered in ranking: 244
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Missouri: 63072
> Location: Robertsville
> Homeownership rate: 94.9% (Missouri: 67.1%)
> Median home value: $162,700 (Missouri: $163,600)
> Median monthly housing costs (w/ a mortgage): $990 (Missouri: $1,287)
> Median monthly housing costs (no mortgage): $419 (Missouri: $449)
> Median household income: $68,729 (Missouri: $57,290)
> No. of zip codes considered in ranking: 444
Montana: 59868
> Location: Seeley Lake
> Homeownership rate: 95.2% (Montana: 68.5%)
> Median home value: $235,800 (Montana: $244,900)
> Median monthly housing costs (w/ a mortgage): $1,359 (Montana: $1,456)
> Median monthly housing costs (no mortgage): $409 (Montana: $451)
> Median household income: $44,911 (Montana: $56,539)
> No. of zip codes considered in ranking: 90
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Source: Courtesy of Eagle, Nebraska
Nebraska: 68347
> Location: Eagle
> Homeownership rate: 97.5% (Nebraska: 66.2%)
> Median home value: $206,800 (Nebraska: $164,000)
> Median monthly housing costs (w/ a mortgage): $1,531 (Nebraska: $1,412)
> Median monthly housing costs (no mortgage): $626 (Nebraska: $539)
> Median household income: $81,979 (Nebraska: $63,015)
> No. of zip codes considered in ranking: 140
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Nevada: 89508
> Location: Cold Springs
> Homeownership rate: 91.5% (Nevada: 57.1%)
> Median home value: $309,000 (Nevada: $290,200)
> Median monthly housing costs (w/ a mortgage): $1,569 (Nevada: $1,574)
> Median monthly housing costs (no mortgage): $396 (Nevada: $433)
> Median household income: $78,411 (Nevada: $62,043)
> No. of zip codes considered in ranking: 107
New Hampshire: 03036
> Location: Derry
> Homeownership rate: 99.2% (New Hampshire: 71.2%)
> Median home value: $359,100 (New Hampshire: $272,300)
> Median monthly housing costs (w/ a mortgage): $2,375 (New Hampshire: $1,967)
> Median monthly housing costs (no mortgage): $737 (New Hampshire: $812)
> Median household income: $133,214 (New Hampshire: $77,923)
> No. of zip codes considered in ranking: 159
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New Jersey: 07640
> Location: Harrington Park
> Homeownership rate: 96.7% (New Jersey: 64.0%)
> Median home value: $597,400 (New Jersey: $343,500)
> Median monthly housing costs (w/ a mortgage): $3,648 (New Jersey: $2,476)
> Median monthly housing costs (no mortgage): $1,424 (New Jersey: $1,062)
> Median household income: $135,750 (New Jersey: $85,245)
> No. of zip codes considered in ranking: 492
Source: JannHuizenga / iStock Unreleased via Getty Images
New Mexico: 87025
> Location: Jemez Springs
> Homeownership rate: 94.7% (New Mexico: 68.0%)
> Median home value: $354,700 (New Mexico: $175,700)
> Median monthly housing costs (w/ a mortgage): $1,972 (New Mexico: $1,293)
> Median monthly housing costs (no mortgage): $446 (New Mexico: $360)
> Median household income: $125,103 (New Mexico: $51,243)
> No. of zip codes considered in ranking: 118
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Source: Art Wager / iStock via Getty Images
New York: 10916
> Location: Campbell Hall
> Homeownership rate: 100.0% (New York: 54.1%)
> Median home value: $358,400 (New York: $325,000)
> Median monthly housing costs (w/ a mortgage): $2,575 (New York: $2,174)
> Median monthly housing costs (no mortgage): $920 (New York: $781)
> Median household income: $100,556 (New York: $71,117)
> No. of zip codes considered in ranking: 1,043
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North Carolina: 27814
> Location: Blounts Creek
> Homeownership rate: 98.9% (North Carolina: 65.7%)
> Median home value: $129,900 (North Carolina: $182,100)
> Median monthly housing costs (w/ a mortgage): $1,208 (North Carolina: $1,328)
> Median monthly housing costs (no mortgage): $443 (North Carolina: $402)
> Median household income: $70,078 (North Carolina: $56,642)
> No. of zip codes considered in ranking: 594
North Dakota: 58047
> Location: Horace
> Homeownership rate: 97.7% (North Dakota: 62.5%)
> Median home value: $427,200 (North Dakota: $199,900)
> Median monthly housing costs (w/ a mortgage): $2,421 (North Dakota: $1,457)
> Median monthly housing costs (no mortgage): $814 (North Dakota: $476)
> Median household income: $136,806 (North Dakota: $65,315)
> No. of zip codes considered in ranking: 45
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Source: J.C. Marciniak / iStock via Getty Images
Ohio: 44233
> Location: Hinckley
> Homeownership rate: 97.3% (Ohio: 66.3%)
> Median home value: $329,600 (Ohio: $151,400)
> Median monthly housing costs (w/ a mortgage): $2,132 (Ohio: $1,286)
> Median monthly housing costs (no mortgage): $696 (Ohio: $480)
> Median household income: $107,656 (Ohio: $58,116)
> No. of zip codes considered in ranking: 745
Source: Sean Pavone / iStock via Getty Images
Oklahoma: 73173
> Location: Oklahoma City
> Homeownership rate: 97.9% (Oklahoma: 66.1%)
> Median home value: $310,000 (Oklahoma: $142,400)
> Median monthly housing costs (w/ a mortgage): $1,946 (Oklahoma: $1,246)
> Median monthly housing costs (no mortgage): $719 (Oklahoma: $406)
> Median household income: $123,104 (Oklahoma: $53,840)
> No. of zip codes considered in ranking: 293
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Source: thyegn / iStock via Getty Images
Oregon: 97017
> Location: Colton
> Homeownership rate: 96.0% (Oregon: 62.8%)
> Median home value: $382,400 (Oregon: $336,700)
> Median monthly housing costs (w/ a mortgage): $1,844 (Oregon: $1,741)
> Median monthly housing costs (no mortgage): $548 (Oregon: $553)
> Median household income: $67,969 (Oregon: $65,667)
> No. of zip codes considered in ranking: 226
Source: Public Domain / Wikimedia Commons
Pennsylvania: 19060
> Location: Chester Heights
> Homeownership rate: 98.5% (Pennsylvania: 69.0%)
> Median home value: $432,400 (Pennsylvania: $187,500)
> Median monthly housing costs (w/ a mortgage): $2,758 (Pennsylvania: $1,505)
> Median monthly housing costs (no mortgage): $946 (Pennsylvania: $542)
> Median household income: $145,682 (Pennsylvania: $63,627)
> No. of zip codes considered in ranking: 950
Rhode Island: 02825
> Location: Foster Center
> Homeownership rate: 90.0% (Rhode Island: 61.6%)
> Median home value: $335,800 (Rhode Island: $276,600)
> Median monthly housing costs (w/ a mortgage): $2,152 (Rhode Island: $1,879)
> Median monthly housing costs (no mortgage): $781 (Rhode Island: $745)
> Median household income: $96,787 (Rhode Island: $70,305)
> No. of zip codes considered in ranking: 57
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Source: Public Domain / Wikimedia Commons
South Carolina: 29685
> Location: Sunset
> Homeownership rate: 95.9% (South Carolina: 70.1%)
> Median home value: $299,000 (South Carolina: $170,100)
> Median monthly housing costs (w/ a mortgage): $3,208 (South Carolina: $1,265)
> Median monthly housing costs (no mortgage): $484 (South Carolina: $377)
> Median household income: $63,854 (South Carolina: $54,864)
> No. of zip codes considered in ranking: 297
Source: raksyBH / iStock Editorial via Getty Images
South Dakota: 57744
> Location: Hermosa
> Homeownership rate: 96.9% (South Dakota: 68.0%)
> Median home value: $328,300 (South Dakota: $174,600)
> Median monthly housing costs (w/ a mortgage): $1,608 (South Dakota: $1,367)
> Median monthly housing costs (no mortgage): $577 (South Dakota: $495)
> Median household income: $60,714 (South Dakota: $59,896)
> No. of zip codes considered in ranking: 66
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Source: mavdesign / iStock via Getty Images
Tennessee: 37014
> Location: Arrington
> Homeownership rate: 97.8% (Tennessee: 66.5%)
> Median home value: $549,700 (Tennessee: $177,600)
> Median monthly housing costs (w/ a mortgage): $2,815 (Tennessee: $1,272)
> Median monthly housing costs (no mortgage): $590 (Tennessee: $389)
> Median household income: $123,137 (Tennessee: $54,833)
> No. of zip codes considered in ranking: 430
Texas: 75480
> Location: Scroggins
> Homeownership rate: 99.0% (Texas: 62.3%)
> Median home value: $257,200 (Texas: $187,200)
> Median monthly housing costs (w/ a mortgage): $1,606 (Texas: $1,654)
> Median monthly housing costs (no mortgage): $800 (Texas: $526)
> Median household income: $62,206 (Texas: $63,826)
> No. of zip codes considered in ranking: 1,238
Utah: 84315
> Location: Hooper
> Homeownership rate: 96.1% (Utah: 70.5%)
> Median home value: $334,700 (Utah: $305,400)
> Median monthly housing costs (w/ a mortgage): $1,861 (Utah: $1,597)
> Median monthly housing costs (no mortgage): $351 (Utah: $437)
> Median household income: $97,847 (Utah: $74,197)
> No. of zip codes considered in ranking: 123
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Vermont: 05474
> Location: North Hero
> Homeownership rate: 94.1% (Vermont: 71.3%)
> Median home value: $288,200 (Vermont: $230,900)
> Median monthly housing costs (w/ a mortgage): $1,926 (Vermont: $1,630)
> Median monthly housing costs (no mortgage): $854 (Vermont: $686)
> Median household income: $79,500 (Vermont: $63,477)
> No. of zip codes considered in ranking: 83
Source: Holly Cromer / iStock via Getty Images
Virginia: 22539
> Location: Reedville
> Homeownership rate: 100.0% (Virginia: 66.7%)
> Median home value: $365,300 (Virginia: $282,800)
> Median monthly housing costs (w/ a mortgage): $1,548 (Virginia: $1,822)
> Median monthly housing costs (no mortgage): $486 (Virginia: $481)
> Median household income: $81,985 (Virginia: $76,398)
> No. of zip codes considered in ranking: 500
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Source: ChrisBoswell / iStock via Getty Images
Washington: 99026
> Location: Spokane
> Homeownership rate: 95.6% (Washington: 63.3%)
> Median home value: $285,100 (Washington: $366,800)
> Median monthly housing costs (w/ a mortgage): $1,633 (Washington: $1,939)
> Median monthly housing costs (no mortgage): $517 (Washington: $605)
> Median household income: $81,701 (Washington: $77,006)
> No. of zip codes considered in ranking: 356
West Virginia: 25535
> Location: Lavalette
> Homeownership rate: 94.2% (West Virginia: 73.7%)
> Median home value: $147,900 (West Virginia: $123,200)
> Median monthly housing costs (w/ a mortgage): $1,059 (West Virginia: $1,058)
> Median monthly housing costs (no mortgage): $356 (West Virginia: $331)
> Median household income: $70,707 (West Virginia: $48,037)
> No. of zip codes considered in ranking: 180
Wisconsin: 53017
> Location: Richfield
> Homeownership rate: 98.8% (Wisconsin: 67.1%)
> Median home value: $349,100 (Wisconsin: $189,200)
> Median monthly housing costs (w/ a mortgage): $2,198 (Wisconsin: $1,436)
> Median monthly housing costs (no mortgage): $623 (Wisconsin: $556)
> Median household income: $137,930 (Wisconsin: $63,293)
> No. of zip codes considered in ranking: 494
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Source: MicheleVacchiano / Getty Images
Wyoming: 83127
> Location: Star Valley Ranch
> Homeownership rate: 88.0% (Wyoming: 71.0%)
> Median home value: $313,400 (Wyoming: $228,000)
> Median monthly housing costs (w/ a mortgage): $1,429 (Wyoming: $1,474)
> Median monthly housing costs (no mortgage): $430 (Wyoming: $429)
> Median household income: $83,696 (Wyoming: $65,304)
> No. of zip codes considered in ranking: 44
Methodology
To determine the ZIP codes with the highest homeownership rate in every state, 24/7 Wall St. reviewed five-year estimates of the share of housing units that are occupied by their owners from the U.S. Census Bureau’s 2020 American Community Survey.
We used ZIP code tabulation areas — a census geography type that defines areal representations of United States Postal Service ZIP codes (USPS ZIP codes do not define geographic boundaries but instead are a network of mail delivery routes in a service area). We refer to Census ZCTAs as ZIP codes.
ZIP codes were excluded if homeownership rates were not available in the 2020 ACS, if there were fewer than 1,000 housing units, or if the sampling error associated with a ZIP code’s data was deemed too high.
The sampling error was defined as too high if the coefficient of variation — a statistical assessment of how reliable an estimate is — for a ZIP code’s homeownership rate was above 15% and greater than two standard deviations above the mean CV for all ZIP codes’ homeownership rates. We similarly excluded ZIP codes that had a sampling error too high for their population, using the same definition.
ZIP codes were ranked based on the percentage of housing units that are occupied by their owners. To break ties, we used the number of housing units that are occupied by their owners.
Additional information on median home value, median housing costs with and without a mortgage, and median household income are also five-year estimates from the 2020 ACS. Because the Census Bureau didn’t release one-year estimates for 2020 due to data collection issues caused by the COVID-19 pandemic, all ACS data are five-year estimates.
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