Welcome Home
Make yourself at home in the Tri-State with local Realtor Todd Nelson. Find out current market conditions in the area, what to do to prepare your home to sell, remodeling tips to maximize value, where new subdivisions are being built, about current interest rates and more.

Sunday, November 11, 2007

What state has the highest home ownership rate?

Have you ever wondered what state had the highest home ownership rate? Believe it or not, West Virginia had the highest home ownership rate in 2006 at 78.4%. In 2006, the national average was 68.8%.

West Virginia has led the country in home ownership since 2003. In 2003, the home ownership rate in West Virginia was 78.1%. In 2004, the home ownership rate was 80.3%. In 2005, the home ownership rate was an outstanding 81.3%.

In 2006, Ohio had a home ownership rate of 72.1%. Kentucky had a home ownership rate of 71.7%. Both of the neighboring states did not make the top ten in this statistic.

What state had the lowest percentage of home ownership? In 2006, New York had the lowest home ownership rate of only 55.7%. For further information on home ownership rates going as far back as 1984, you can visit the U.S. Census Bureau at the following link: http://www.census.gov/hhes/www/housing/hvs/annual06/ann06t13.html.