Celebrating National Homeownership Month

June 8, 2017
Adrienne H., Financial Expert

June is National Homeownership Month, celebrating Americans who make their dreams of owning a home a reality. Achieving homeownership is a great accomplishment, but do you know who is currently buying homes in America? Check out these facts about homeownership in the United States.

How many Americans are homeowners?
About 6 out of 10 Americans own homes. Graphic of 10 homes: 6 are green homes, 4 are gray homes.

 

What age do most Americans buy their first homes?
Currently, first-time home buyers are in the Millennial generation. Average age is 33 years old.

 

What states have the highest homeownership rates?
70% or more of residents are homeowners in these states: Michigan, Delaware, Maine, New Hampshire, and West Virginia.


How does U.S. homeownership impact the economy?
U.S. homeownership contributes about 14% to the country's total economic activity.

Tags: Home Ownership