Homeowners vs Renters Statistics [2024]: by Year + Demographic

Last Updated: November 22, 2023

Highlights. Homeowner vs. renter statistics reflect a decline in homeownership, with 34% of American households renting their home.

The nationwide homeownership rate was 66.0% as of 2023’s third fiscal quarter (2022Q1), a 0.15% increase from the previous quarter (2023Q2).
As of 2022, 84.6 million out of a total 129.9 million households own their homes.
45.2 million households rent their homes.
2.7% of occupied housing units are second homes.
10.4% of all housing units are vacant, down 2.88% from the previous year.

Homeowners vs. Renters (2021Q4)
	Homeowners	Renters
Number of Households	84.6 million	45.2 million
Share of Households	66.0%	34.0%
Average Monthly Payments	$1,775	$1,300
Total Monthly Housing Costs†	$2,353	$1,445
Vacancy Rate	0.8%	6.6%
Median Household Wealth	$396,500	$10,410

*Among households with at least one regular mortgage.
†Including insurance, taxes, and utilities.

Homeowners vs. Renters

While there are more homeowners than renters, the gap between them is shrinking as housing costs continue to climb.

The median household wealth among homeowners is 3,709% higher than it is among renters.
Excluding home equity, household wealth among homeowners is 606% higher than it is among renters.
Renters are 178.7% more likely than homeowners to be behind on housing payments (rent vs. mortgage payments).
34.0% of households rent, the lowest rate since 2010 (33.5%).
Historically, the lowest ratio of renters was 30.8% of households in 2004.
Since 2010, the highest ratio of renters was 36.3% of households in 2016.
22.5% of military veteran households rent; 77.5% own their homes.

Line Graph of Homeownership Rates Since 1964

Housing Affordability Among Homeowners vs. Renters

While homeowners and renters both experienced loss of income during the COVID-19 pandemic, renters are more likely to face housing cost burdens as defined by federal legislation.

Half of renter households and 40% of homeowners nationwide lost income between March 2020 and March 2021.
Among those who received federal financial stimulus checks, 10.3% used at least some of their check to pay rent.
7.5% of stimulus check recipients used at least some of their check to make a mortgage payment.
More than 47 million or 37% of US households have housing cost burdens.
After adjusting for inflation, the median rent payment rose 61% between 1960 and 2016 while the median renter income grew only 5%.
53% of renters spend over 30% of their household income on rent.
28% of renters spend more than 50% of their income on rent.
27.9% of homeowners spend more than 30% of their household income on mortgage payments.

Housing Vacancy Among Homeowners vs. Renters

Vacant does not necessarily mean available. Just 53.6% of vacancies are identified as available for rent or for sale.

Homeowner vacancy is 0.8% as of 2023Q3.
Rental vacancy is 6.6%, which is 725% higher than homeowner vacancy.
The annual average homeowner vacancy rate declined 11.1% from 2022Q3 to 2023Q3.
From 2021 to 2022, the average annual homeowner vacancy rate declined 11.1%.
The annual average renter vacancy rate increased 10.0% from 2022Q3 to 2023Q3.
From 2021 to 2022, the average annual rental vacancy rate increased 3.6%.
9.7% of all housing units are vacant.
18.4% of vacant units have been vacant for two years or more.
2.0% of vacant units have never been occupied.
90.4% of all housing units are occupied year-round.
1.6% are seasonally occupied, 75.4% of which are suitable for year-round use.

Homeowner vs. Renter Demographics

Renter households are more likely to be singles.

17.6 million or 38.3% of renting households are single occupant.
12.1 million renters (26.3%) and 49.2 million homeowners (59.6%) are married with both spouses present.
Married couples include 221,000 renters (0.5%) and 563,000 homeowners (0.7%) who are same-sex married couples.
5.0 million renters and 4.2 million homeowners are unmarried couples with both partners present.
281,000 renters and 171,000 homeowners were same-sex unmarried couples.
12.9 million veterans are homeowners compared to 3.5 million veterans who rent their homes.
536,000 active duty servicemembers owned their homes, compared to 598,000 active duty servicemembers who rented their homes.

Homeowner vs. Renter Household Wealth

Homeownership statistically reduces wealth inequality to a significant degree.

The median household wealth among renters is $10,410 or 5.4% of the median wealth among all households.
The median household wealth among homeowners is $396,500 or 106% higher than the median household income among all households.
Excluding home equity, the median wealth among homeowners is $73,500.
White renters and homeowners have the highest median household wealth at $8,900 and $299,900, respectively.
Black renters and homeowners have the lowest median household wealth at $1,830 and $113,130, respectively.
Among Hispanic-identifying homeowners and renters, the median household wealth is $164,800 and $5,800, respectively.
Among Asian and all other races, the median household wealth is $299,000 and $6,710 for homeowners and renters respectively.

National Map: The Difference Between Median Mortgage Payment and Median Monthly Rent, by state, Homeowner vs Renter Statistics

Homeownership Statistics

Homeownership is in decline after a few years of modest gains.

84.6 million or 65.2% of occupied housing units are owner-occupied.
The homeownership rate outside of metropolitan statistical areas may be as high as 71%.
In 2022, the nationwide homeownership rate declined 0.34% year-over-year (YoY).
The number of owner-occupied units increased 1.50% YoY.
$391,800 is the median home price.
61% of homeowners have a mortgage.
Mortgage refinancing doubled to $2.4 trillion between 2019 and 2020.

Homeowner Demographics

Homeownership is in decline among all age groups, with people under 35 seeing the largest YoY decline.

Homeownership among people over the age of 65 years is 77.9%, down 0.1% YoY.
Homeownership among 35- to 54-year-olds averages 63.2%, up 0.02% YoY.
35.1% of people under 35 years old are homeowners, up 1.5% YoY.
15.1% of people under the age of 25 years are homeowners, up 5.8% YoY.
59.6% of homeowning householders are married couples.
12.9% of homeowners are single women; 10.0% are single men.
82.8% of homeowners are white.
Homeowners under 30 years old and younger live in 3.9% of owner-occupied housing units.
Homeownership rates are highest among 65- to 74-year-olds, with 78.1% owning homes.
The 55- to 64-year-old group, however, owns the largest portion of the market.
25- to 29-year-olds are the second-least likely to own a home with a 32.0% ownership rate.
15.1% of adults under 25 own homes.

Rental Statistics

Industry experts predict rental demand will climb over the next 5 years, with many high-population areas already experiencing rental housing shortages.

45.2 million or 34.8% of occupied housing units are renter-occupied.
Rental vacancy is 6.6%.
11% of renter households were behind on their rental payments in 2023’s third financial quarter.
24.7 million or 53% of renters spend more than 30% of their household income on rent.
13.0 million or 28% of renters pay more than 50% of their household income to rent their home.
27% of renter-occupied homes are detached single-family units.
35% of renters live in single-family homes.
16% of renters live in 2- to 4-unit buildings.
67% of single-family home renters live in a house with 1 or 2 bedrooms; 24% live in homes with 3 bedrooms.

Line Graph of the number of Owner occupied homes and the number of Renter occupied homes since 2005

Renter Demographics

The average renter is a single vehicle-owning 42-year-old white female living alone in a complex with 5 units or more.

9.1 million apartment households are single women.
26.3% of renting householders are married couples.
19.7% of renters are single women living alone; 18.6% are single men.
$41,000 is the median annual household income among renting households.
67.3% of renters are white.
Renters 30 years old and younger live in 19.9% of renter-occupied units.
38.3% of renting households are single-person.
29.5% of renting households include children.
11% of renters say there is a lot of serious crime in their neighborhood; 25% report a lot of petty crime.

Cities Where Renters Have the Largest Majority
Waterbury, CT	60.8%
Springfield, MO	59.1%
Fayetteville, NC	56.4%
Birmingham, AL	56.2%
Yonkers, NY	54.9%
Irvine, CA	54.3%
Lowell, MA	53.3%
Downey, CA	53.2%
Boulder, CO	53.2%
Fargo, ND	52.9%

Homeowners vs. Renters by State

The larger a state’s population is, the more its residents tend to rent their homes. Interestingly, a state’s gross domestic product per capita appears to have little to do with homeownership rates.

New Jersey has the highest difference between mortgage and rent at $1,124.
Indiana has the lowest difference at $315.
People living in West Virginia, Maine, and Minnesota are most likely to own their home.
People living in the District of Columbia, New York, and California are most likely to rent.
In October 2023, Mississippi, Louisiana, Indiana, and Texas had the highest rates of renters and homeowners facing the likelihood of eviction or foreclosure.

Homeowners vs. Renters by State
State	Total Households	%Owning : %Renting‡
Alabama	2,016,448	70% : 30%
Alaska	274,574	66% : 34%
Arizona	2,850,377	67% : 33%
Arkansas	1,216,207	66% : 34%
California	13,550,586	56% : 44%
Colorado	2,384,584	66% : 34%
Connecticut	1,433,635	66% : 34%
Delaware	402,334	74% : 26%
District of Columbia	326,970	41% : 59%
Florida	8,826,394	67% : 33%
Georgia	4,092,467	66% : 34%
Hawaii	494,827	63% : 37%
Idaho	717,151	72% : 28%
Illinois	5,056,360	67% : 33%
Indiana	2,726,489	71% : 29%
Iowa	1,330,995	72% : 28%
Kansas	1,175,294	68% : 32%
Kentucky	1,828,680	69% : 31%
Louisiana	1,816,902	68% : 32%
Maine	605,338	74% : 26%
Maryland	2,375,984	68% : 32%
Massachusetts	2,797,776	62% : 38%
Michigan	4,089,794	73% : 27%
Minnesota	2,322,190	72% : 28%
Mississippi	1,148,340	70% : 30%
Missouri	2,521,832	68% : 32%
Montana	464,072	69% : 31%
Nebraska	803,157	66% : 34%
Nevada	1,198,356	60% : 40%
New Hampshire	557,220	72% : 28%
New Jersey	3,516,978	65% : 35%
New Mexico	848,218	71% : 29%
New York	7,774,308	54% : 46%
North Carolina	4,299,266	67% : 33%
North Dakota	331,481	65% : 35%
Ohio	4,878,206	67% : 33%
Oklahoma	1,573,180	65% : 35%
Oregon	1,726,340	63% : 37%
Pennsylvania	5,294,065	69% : 31%
Puerto Rico	1,289,311	67% : 33%
Rhode Island	446,688	63% : 37%
South Carolina	2,136,080	72% : 28%
South Dakota	368,300	70% : 30%
Tennessee	2,846,684	67% : 33%
Texas	11,087,708	62% : 38%
Utah	1,129,660	71% : 29%
Vermont	277,090	74% : 26%
Virginia	3,380,607	67% : 33%
Washington	3,079,953	64% : 36%
West Virginia	736,341	74% : 26%
Wisconsin	2,491,121	68% : 32%
Wyoming	243,321	73% : 27%

‡Percentages may not total 100 due to rounding.

Alabama Homeowner vs. Renter Statistics

Alabama households are 7.7% more likely to own their homes; the median monthly mortgage payment in Alabama is 27.2% lower than the nationwide average.

2.02 million total households in Alabama have an average of 2.4 occupants.
1.42 million or 70.2% of households in Alabama own their homes.
600,100 or 29.8% of households rent their homes.
The median gross rent in Alabama is $913 per month.
The median monthly mortgage payment is $1,293.
The homeowner vacancy rate is 0.8%.
Rental vacancy is 10.6%.

Alaska Homeowner vs. Renter Statistics

Alaska households are 1.4% more likely to own their homes; the median monthly mortgage payment in Alaska is 13.7% higher than the median mortgage payment nationwide.

274,600 total households in Alaska have an average of 2.6 occupants.
181,600 or 66.1% of households in Alaska own their homes.
93,000 or 33.9% of households rent their homes.
The median gross rent in Alaska is $1,329 per month.
The median monthly mortgage payment is $2,019.
The homeowner vacancy rate is 1.1%.
Rental vacancy is 4.7%.

Arizona Homeowner vs. Renter Statistics

Arizona households are 3.4% more likely to own their homes; the median monthly mortgage payment in Arizona is 9.0% lower than the median mortgage payment nationwide.

2.85 million total households in Arizona have an average of 2.5 occupants.
1.92 million or 67.4% of households in Arizona own their homes.
928,600 or 32.6% of households rent their homes.
The median gross rent in Arizona is $1,450 per month.
The median monthly mortgage payment is $1,616.
The homeowner vacancy rate is 0.8%.
Rental vacancy is 9.8%.

Arkansas Homeowner vs. Renter Statistics

Arkansas households are 2.0% more likely to own their homes; the median monthly mortgage payment in Arkansas is 31.5% lower than the median mortgage payment nationwide.

1.22 million total households in Arkansas have an average of 2.4 occupants.
808,600 or 66.5% of households in Arkansas own their homes.
407,600 or 33.5% of households rent their homes.
The median gross rent in Arkansas is $846 per month.
The median monthly mortgage payment is $1,216.
The homeowner vacancy rate is 1.4%.
Rental vacancy is 10.0%.

California Homeowner vs. Renter Statistics

California households are 14.4% less likely to own their homes; the median monthly mortgage payment in California is 50.6% higher than the median mortgage payment nationwide.

13.6 million total households in California have an average of 2.8 occupants.
7.57 million or 55.8% of households in California own their homes.
5.99 million or 44.2% of households rent their homes.
The median gross rent in California is $1,870 per month.
The median monthly mortgage payment is $2,673.
The homeowner vacancy rate is 0.9%.
Rental vacancy is 5.1%.

Colorado Homeowner vs. Renter Statistics

Colorado households are 1.9% more likely to own their homes; the median monthly mortgage payment in Colorado is 18.2% higher than the median mortgage payment nationwide.

2.38 million total households in Colorado have an average of 2.4 occupants.
1.58 million or 66.4% of households in Colorado own their homes.
800,300 or 33.6% of households rent their homes.
The median gross rent in Colorado is $1,646 per month.
The median monthly mortgage payment is $2,098.
The homeowner vacancy rate is 0.9%.
Rental vacancy is 5.4%.

National Map: Homeowner Vacancy Rate by State, Homeowner vs Renter Statistics

Connecticut Homeowner vs. Renter Statistics

Connecticut households are 1.6% more likely to own their homes; the median monthly mortgage payment in Connecticut is 24.8% higher than the median mortgage payment nationwide.

1.43 million total households in Connecticut have an average of 2.4 occupants.
949,800 or 66.3% of households in Connecticut own their homes.
483,800 or 33.7% of households rent their homes.
The median gross rent in Connecticut is $1,360 per month.
The median monthly mortgage payment is $2,215.
The homeowner vacancy rate is 0.9%.
Rental vacancy is 3.2%.

Delaware Homeowner vs. Renter Statistics

Delaware households are 13.6% more likely to own their homes; the median monthly mortgage payment in Delaware is 8.2% lower than the median mortgage payment nationwide.

402,300 total households in Delaware have an average of 2.5 occupants.
298,100 or 74.1% of households in Delaware own their homes.
104,300 or 25.9% of households rent their homes.
The median gross rent in Delaware is $1,274 per month.
The median monthly mortgage payment is $1,629.
The homeowner vacancy rate is 0.5%.
Rental vacancy is 3.1%.

District of Columbia Homeowner vs. Renter Statistics

District of Columbia households are 37.1% less likely to own their homes; the median monthly mortgage payment in D.C. is 63.0% higher than the median mortgage payment nationwide.

327,000 total households in the District of Columbia (D.C.) have an average of 1.9 occupants.
134,100 or 41.0% of households in D.C. own their homes.
192,900 or 59.0% of households rent their homes.
The median gross rent in D.C. is $1,843 per month.
The median monthly mortgage payment is $2,893.
The homeowner vacancy rate is 0.8%.
Rental vacancy is 7.0%.

National Map: Rental Vacancy Rate, by state, Homeowner vs Renter Statistics

Florida Homeowner vs. Renter Statistics

Florida households are 3.0% more likely to own their homes; the median monthly mortgage payment in Florida is 1.6% lower than the median mortgage payment nationwide.

8.83 million total households in Florida have an average of 2.5 occupants.
5.93 million or 67.2% of households in Florida own their homes.
2.90 million or 32.8% of households rent their homes.
The median gross rent in Florida is $1,525 per month.
The median monthly mortgage payment is $1,746
The homeowner vacancy rate is 0.9%.
Rental vacancy is 8.7%.

Georgia Homeowner vs. Renter Statistics

Georgia households are 1.0% more likely to own their homes; the median monthly mortgage payment in Georgia is 9.9% lower than the median mortgage payment nationwide.

4.09 million total households in Georgia have an average of 2.6 occupants.
2.70 million or 65.9% of households in Georgia own their homes.
1.40 million or 34.1% of households rent their homes.
The median gross rent in Georgia is $1,269 per month.
The median monthly mortgage payment is $1,599.
The homeowner vacancy rate is 1.3%.
Rental vacancy is 7.9%.

Hawaii Homeowner vs. Renter Statistics

Hawaii households are 4.0% less likely to own their homes; the median monthly mortgage payment in Hawaii is 51.2% higher than the median mortgage payment nationwide.

494,800 total households in Hawaii have an average of 2.8 occupants.
309,700 or 62.6% of households in Hawaii own their homes.
185,100 or 37.4% of households rent their homes.
The median gross rent in Hawaii is $1,813 per month.
The median monthly mortgage payment is $2,683.
The homeowner vacancy rate is 0.4%.
Rental vacancy is 11.0%.

Idaho Homeowner vs. Renter Statistics

Idaho households are 11.0% more likely to own their homes; the median monthly mortgage payment in Idaho is 14.8% lower than the median mortgage payment nationwide.

717,200 total households in Idaho have an average of 2.6 occupants.
518,800 or 72.3% of households in Idaho own their homes.
198,300 or 27.7% of households rent their homes.
The median gross rent in Idaho is $1,138 per month.
The median monthly mortgage payment is $1,512.
The homeowner vacancy rate is 0.7%.
Rental vacancy is 5.7%.

Illinois Homeowner vs. Renter Statistics

Illinois households are 2.9% more likely to own their homes; the median monthly mortgage payment in Illinois is 1.6% higher than the median mortgage payment nationwide.

5.06 million total households in Illinois have an average of 2.4 occupants.
3.39 million or 67.1% of households in Illinois own their homes.
1.66 million or 32.9% of households rent their homes.
The median gross rent in Illinois is $1,170 per month.
The median monthly mortgage payment is $1,804.
The homeowner vacancy rate is 0.8%.
Rental vacancy is 7.7%.

Indiana Homeowner vs. Renter Statistics

Indiana households are 8.6% more likely to own their homes; the median monthly mortgage payment in Indiana is 27.8% lower than the median mortgage payment nationwide.

2.73 million total households in Indiana have an average of 2.4 occupants.
1.93 million or 70.8% of households in Indiana own their homes.
796,600 or 29.2% of households rent their homes.
The median gross rent in Indiana is $972 per month.
The median monthly mortgage payment is $1,281.
The homeowner vacancy rate is 0.8%.
Rental vacancy is 10.4%

Iowa Homeowner vs. Renter Statistics

Iowa households are 10.5% more likely to own their homes; the median monthly mortgage payment in Iowa is 20.5% lower than the median mortgage payment nationwide.

1.33 million total households in Iowa have an average of 2.3 occupants.
958,700 or 72.0% of households in Iowa own their homes.
372,300 or 28.0% of households rent their homes.
The median gross rent in Iowa is $891 per month.
The median monthly mortgage payment is $1,411.
The homeowner vacancy rate is 1.2%.
Rental vacancy is 9.9%.

Kansas Homeowner vs. Renter Statistics

Kansas households are 3.9% more likely to own their homes; the median monthly mortgage payment in Kansas is 13.1% lower than the median mortgage payment nationwide.

1.18 million total households in Kansas have an average of 2.4 occupants.
796,000 or 67.7% of households in Kansas own their homes.
379,300 or 32.3% of households rent their homes.
The median gross rent in Kansas is $975 per month.
The median monthly mortgage payment is $1,542.
The homeowner vacancy rate is 1.4%.
Rental vacancy is 8.2%.

Kentucky Homeowner vs. Renter Statistics

Kentucky households are 5.5% more likely to own their homes; the median monthly mortgage payment in Kentucky is 25.9% lower than the median mortgage payment nationwide.

1.83 million total households in Kentucky have an average of 2.4 occupants.
1.26 million or 68.8% of households in Kentucky own their homes.
570,900 or 31.2% of households rent their homes.
The median gross rent in Kentucky is $891 per month.
The median monthly mortgage payment is $1,316.
The homeowner vacancy rate is 0.3%.
Rental vacancy is 3.3%.

Louisiana Homeowner vs. Renter Statistics

Louisiana households are 3.7% more likely to own their homes; the median monthly mortgage payment in Louisiana is 17.1% lower than the median mortgage payment nationwide.

1.82 million total households in Louisiana have an average of 2.5 occupants.
1.23 million or 67.6% of households in Louisiana own their homes.
587,900 or 32.4% of households rent their homes.
The median gross rent in Louisiana is $984 per month.
The median monthly mortgage payment is $1,472.
The homeowner vacancy rate is 1.6%.
Rental vacancy is 7.2%.

Maine Homeowner vs. Renter Statistics

Maine households are 13.7% more likely to own their homes; the median monthly mortgage payment in Maine is 11.4% lower than the median mortgage payment nationwide.

605,300 total households in Maine have an average of 2.2 occupants.
448,800 or 74.1% of households in Maine own their homes.
156,600 or 25.9% of households rent their homes.
The median gross rent in Maine is $1,033 per month.
The median monthly mortgage payment is $1,573.
The homeowner vacancy rate is 1.5%.
Rental vacancy is 3.0%.

Maryland Homeowner vs. Renter Statistics

Maryland households are 3.9% more likely to own their homes; the median monthly mortgage payment in Maryland is 18.1% higher than the median mortgage payment nationwide.

2.38 million total households in Maryland have an average of 2.5 occupants.
1.61 million or 67.7% of households in Maryland own their homes.
766,400 or 32.3% of households rent their homes.
The median gross rent in Maryland is $1,550 per month.
The median monthly mortgage payment is $2,097.
The homeowner vacancy rate is 0.4%.
Rental vacancy is 9.2%.

Massachusetts Homeowner vs. Renter Statistics

Massachusetts households are 4.5% less likely to own their homes; the median monthly mortgage payment in Massachusetts is 40.2% higher than the median mortgage payment nationwide.

2.80 million total households in Massachusetts have an average of 2.4 occupants.
1.74 million or 62.2% of households in Massachusetts own their homes.
1.06 million or 37.8% of households rent their homes.
The median gross rent in Massachusetts is $1,634 per month.
The median monthly mortgage payment is $2,489.
The homeowner vacancy rate is 0.6%.
Rental vacancy is 2.1%.

Michigan Homeowner vs. Renter Statistics

Michigan households are 12.2% more likely to own their homes; the median monthly mortgage payment in Michigan is 19.2% lower than the median mortgage payment nationwide.

4.09 million total households in Michigan have an average of 2.4 occupants.
2.99 million or 73.2% of households in Michigan own their homes.
1.10 million or 26.8% of households rent their homes.
The median gross rent in Michigan is $1,052 per month.
The median monthly mortgage payment is $1,435.
The homeowner vacancy rate is 0.7%.
Rental vacancy is 7.9%.

Minnesota Homeowner vs. Renter Statistics

Minnesota households are 10.6% more likely to own their homes; the median monthly mortgage payment in Minnesota is 0.5% higher than the median mortgage payment nationwide.

2.32 million total households in Minnesota have an average of 2.4 occupants.
1.67 million or 72.1% of households in Minnesota own their homes.
647,800 or 27.9% of households rent their homes.
The median gross rent in Minnesota is $1,200 per month.
The median monthly mortgage payment is $1,784.
The homeowner vacancy rate is 1.0%.
Rental vacancy is 5.8%.

Mississippi Homeowner vs. Renter Statistics

Mississippi households are 7.3% more likely to own their homes; the median monthly mortgage payment in Mississippi is 28.6% lower than the median mortgage payment nationwide.

1.15 million total households in Mississippi have an average of 2.5 occupants.
803,000 or 69.9% of households in Mississippi own their homes.
345,300 or 30.1% of households rent their homes.
The median gross rent in Mississippi is $873 per month.
The median monthly mortgage payment is $1,267.
The homeowner vacancy rate is 0.9%.
Rental vacancy is 7.3%.

Missouri Homeowner vs. Renter Statistics

Missouri households are 3.7% more likely to own their homes; the median monthly mortgage payment in Missouri is 22.4% lower than the median mortgage payment nationwide.

2.52 million total households in Missouri have an average of 2.4 occupants.
1.70 million or 67.6% of households in Missouri own their homes.
817,000 or 32.4% of households rent their homes.
The median gross rent in Missouri is $954 per month.
The median monthly mortgage payment is $1,377.
The homeowner vacancy rate is 0.6%.
Rental vacancy is 7.5%.

Montana Homeowner vs. Renter Statistics

Montana households are 5.6% more likely to own their homes; the median monthly mortgage payment in Montana is 9.2% lower than the median mortgage payment nationwide.

464,100 total households in Montana have an average of 2.4 occupants.
319,400 or 68.8% of households in Montana own their homes.
144,700 or 31.2% of households rent their homes.
The median gross rent in Montana is $1,005 per month.
The median monthly mortgage payment is $1,611.
The homeowner vacancy rate is 0.9%.
Rental vacancy is 5.0%.

Nebraska Homeowner vs. Renter Statistics

Nebraska households are 1.2% more likely to own their homes; the median monthly mortgage payment in Nebraska is 10.6% lower than the median mortgage payment nationwide.

803,200 total households in Nebraska have an average of 2.4 occupants.
529,700 or 66.0% of households in Nebraska own their homes.
273,400 or 34.0% of households rent their homes.
The median gross rent in Nebraska is $983 per month.
The median monthly mortgage payment is $1,586.
The homeowner vacancy rate is 0.4%.
Rental vacancy is 4.0%.

Nevada Homeowner vs. Renter Statistics

Nevada households are 7.5% less likely to own their homes; the median monthly mortgage payment in Nevada is 2.5% lower than the median mortgage payment nationwide.

1.20 million total households in Nevada have an average of 2.6 occupants.
722,700 or 60.3% of households in Nevada own their homes.
475,700 or 39.7% of households rent their homes.
The median gross rent in Nevada is $1,461 per month.
The median monthly mortgage payment is $1,730.
The homeowner vacancy rate is 1.0%.
Rental vacancy is 7.6%.

New Hampshire Homeowner vs. Renter Statistics

New Hampshire households are 10.8% more likely to own their homes; the median monthly mortgage payment in New Hampshire is 21.5% higher than the median mortgage payment nationwide.

557,200 total households in New Hampshire have an average of 2.4 occupants.
402,700 or 72.3% of households in New Hampshire own their homes.
154,600 or 27.7% of households rent their homes.
The median gross rent in New Hampshire is $1,396 per month.
The median monthly mortgage payment is $2,157.
The homeowner vacancy rate is 0.2%.
Rental vacancy is 3.8%.

New Jersey Homeowner vs. Renter Statistics

New Jersey households are 0.9% less likely to own their homes; the median monthly mortgage payment in New Jersey is 43.8% higher than the median mortgage payment nationwide.

3.52 million total households in New Jersey have an average of 2.6 occupants.
2.27 million or 64.6% of households in New Jersey own their homes.
1.24 million or 35.4% of households rent their homes.
The median gross rent in New Jersey is $1,555 per month.
The median monthly mortgage payment is $2,553.
The homeowner vacancy rate is 0.3%.
Rental vacancy is 2.5%.

New Mexico Homeowner vs. Renter Statistics

New Mexico households are 8.8% more likely to own their homes; the median monthly mortgage payment in New Mexico is 20.7% lower than the median mortgage payment nationwide.

848,200 total households in New Mexico have an average of 2.4 occupants.
601,700 or 70.9% of households in New Mexico own their homes.
246,600 or 29.1% of households rent their homes.
The median gross rent in New Mexico is $955 per month.
The median monthly mortgage payment is $1,408.
The homeowner vacancy rate is 1.3%.
Rental vacancy is 5.9%.

New York Homeowner vs. Renter Statistics

New York households are 17.1% less likely to own their homes; the median monthly mortgage payment in New York is 32.7% higher than the median mortgage payment nationwide.

7.77 million total households in New York have an average of 2.5 occupants.
4.20 million or 54.1% of households in New York own their homes.
3.57 million or 45.9% of households rent their homes.
The median gross rent in New York is $1,499 per month.
The median monthly mortgage payment is $2,355.
The homeowner vacancy rate is 0.9%.
Rental vacancy is 4.8%.

North Carolina Homeowner vs. Renter Statistics

North Carolina households are 2.3% more likely to own their homes; the median monthly mortgage payment in North Carolina is 18.6% lower than the median mortgage payment nationwide.

4.30 million total households in North Carolina have an average of 2.4 occupants.
2.87 million or 66.7% of households in North Carolina own their homes.
1.43 million or 33.3% of households rent their homes.
The median gross rent in North Carolina is $1,131 per month.
The median monthly mortgage payment is $1,444.
The homeowner vacancy rate is 0.4%.
Rental vacancy is 6.9%.

North Dakota Homeowner vs. Renter Statistics

North Dakota households are 0.1% less likely to own their homes; the median monthly mortgage payment in North Dakota is 7.7% lower than the median mortgage payment nationwide.

331,500 total households in North Dakota have an average of 2.3 occupants.
215,900 or 65.1% of households in North Dakota own their homes.
115,600 or 34.9% of households rent their homes.
The median gross rent in North Dakota is $863 per month.
The median monthly mortgage payment is $1,638.
The homeowner vacancy rate is 0.8%.
Rental vacancy is 6.5%.

Ohio Homeowner vs. Renter Statistics

Ohio households are 3.3% more likely to own their homes; the median monthly mortgage payment in Ohio is 22.2% lower than the median mortgage payment nationwide.

4.88 million total households in Ohio have an average of 2.3 occupants.
3.29 million or 67.3% of households in Ohio own their homes.
1.59 million or 32.7% of households rent their homes.
The median gross rent in Ohio is $949 per month.
The median monthly mortgage payment is $1,381.
The homeowner vacancy rate is 0.5%.
Rental vacancy is 5.6%.

Oklahoma Homeowner vs. Renter Statistics

Oklahoma households are 0.3% more likely to own their homes; the median monthly mortgage payment in Oklahoma is 20.6% lower than the median mortgage payment nationwide.

1.57 million total households in Oklahoma have an average of 2.5 occupants.
1.03 million or 65.4% of households in Oklahoma own their homes.
544,200 or 34.6% of households rent their homes.
The median gross rent in Oklahoma is $937 per month.
The median monthly mortgage payment is $1,409.
The homeowner vacancy rate is 1.3%.
Rental vacancy is 8.9%.

Oregon Homeowner vs. Renter Statistics

Oregon households are 3.6% less likely to own their homes; the median monthly mortgage payment in Oregon is 9.6% higher than the median mortgage payment nationwide.

1.73 million total households in Oregon have an average of 2.4 occupants.
1.08 million or 62.8% of households in Oregon own their homes.
641,600 or 37.2% of households rent their homes.
The median gross rent in Oregon is $1,370 per month.
The median monthly mortgage payment is $1,946.
The homeowner vacancy rate is 1.1%.
Rental vacancy is 6.5%.

Pennsylvania Homeowner vs. Renter Statistics

Pennsylvania households are 6.0% more likely to own their homes; the median monthly mortgage payment in Pennsylvania is 9.8% lower than the median mortgage payment nationwide.

5.29 million total households in Pennsylvania have an average of 2.4 occupants.
3.66 million or 69.1% of households in Pennsylvania own their homes.
1.64 million or 30.9% of households rent their homes.
The median gross rent in Pennsylvania is $1,116 per month.
The median monthly mortgage payment is $1,601.
The homeowner vacancy rate is 0.9%.
Rental vacancy is 6.5%.

Puerto Rico Homeowner vs. Renter Statistics

Puerto Rico households are 3.5% more likely to own their homes; the median monthly mortgage payment in Puerto Rico is 50.5% lower than the median mortgage payment nationwide.

1.29 million total households in Puerto Rico have an average of 2.5 occupants.
869,600 or 67.4% of households in Puerto Rico own their homes.
419,700 or 32.6% of households rent their homes.
The median gross rent in Puerto Rico is $535.
The median monthly mortgage payment is $878.
The homeowner vacancy rate is 1.0%.
Rental vacancy is 4.0%.

Rhode Island Homeowner vs. Renter Statistics

Rhode Island households are 3.0% less likely to own their homes; the median monthly mortgage payment in Rhode Island is 13.9% higher than the median mortgage payment nationwide.

446,700 total households in Rhode Island have an average of 2.3 occupants.
282,600 or 63.3% of households in Rhode Island own their homes.
164,100 or 36.7% of households rent their homes.
The median gross rent in Rhode Island is $1,254 per month.
The median monthly mortgage payment is $2,021.
The homeowner vacancy rate is 0.4%.
Rental vacancy is 3.4%.

South Carolina Homeowner vs. Renter Statistics

South Carolina households are 10.5%% more likely to own their homes; the median monthly mortgage payment in South Carolina is 22.4% lower than the median mortgage payment nationwide.

2.14 million total households in South Carolina have an average of 2.4 occupants.
1.54 million or 72.0% of households in South Carolina own their homes.
597,500 or 28.0% of households rent their homes.
The median gross rent in South Carolina is $1,084 per month.
The median monthly mortgage payment is $1,378.
The homeowner vacancy rate is 0.6%.
Rental vacancy is 10.7%.

South Dakota Homeowner vs. Renter Statistics

South Dakota households are 6.7% more likely to own their homes; the median monthly mortgage payment in South Dakota is 14.0% lower than the median mortgage payment nationwide.

368,300 total households in South Dakota have an average of 2.4 occupants.
256,300 or 69.6% of households in South Dakota own their homes.
112,000 or 30.4% of households rent their homes.
The median gross rent in South Dakota is $866 per month.
The median monthly mortgage payment is $1,526.
The homeowner vacancy rate is 0.3%.
Rental vacancy is 7.9%.

Tennessee Homeowner vs. Renter Statistics

Tennessee households are 3.1% more likely to own their homes; the median monthly mortgage payment in Tennessee is 18.8% lower than the median mortgage payment nationwide.

2.85 million total households in Tennessee have an average of 2.4 occupants.
1.91 million or 67.2% of households in Tennessee own their homes.
932,700 or 32.8% of households rent their homes.
The median gross rent in Tennessee is $1,096 per month.
The median monthly mortgage payment is $1,442.
The homeowner vacancy rate is 1.2%.
Rental vacancy is 7.0%.

Texas Homeowner vs. Renter Statistics

Texas households are 4.2% less likely to own their homes; the median monthly mortgage payment in Texas is 7.3% higher than the median mortgage payment nationwide.

11.1 million total households in Texas have an average of 2.7 occupants.
6.93 million or 62.5% of households in Texas own their homes.
4.16 million or 37.5% of households rent their homes.
The median gross rent in Texas is $1,290 per month.
The median monthly mortgage payment is $1,904.
The homeowner vacancy rate is 1.3%.
Rental vacancy is 9.0%.

Utah Homeowner vs. Renter Statistics

Utah households are 9.2% more likely to own their homes; the median monthly mortgage payment in Utah is 2.6% higher than the median mortgage payment nationwide.

1.13 million total households in Utah have an average of 2.9 occupants.
804,200 or 71.2% of households in Utah own their homes.
325,500 or 28.8% of households rent their homes.
The median gross rent in Utah is $1,372 per month.
The median monthly mortgage payment is $1,822.
The homeowner vacancy rate is 1.1%.
Rental vacancy is 6.0%.

Vermont Homeowner vs. Renter Statistics

Vermont households are 13.0% more likely to own their homes; the median monthly mortgage payment in Vermont is 1.4% lower than the median mortgage payment nationwide.

277,100 total households in Vermont have an average of 2.2 occupants.
204,100 or 73.7% of households in Vermont own their homes.
73,000 or 26.3% of households rent their homes.
The median gross rent in Vermont is $1,141 per month.
The median monthly mortgage payment is $1,750.
The homeowner vacancy rate is 0.3%.
Rental vacancy is 3.0%.

Virginia Homeowner vs. Renter Statistics

Virginia households are 3.4% more likely to own their homes; the median monthly mortgage payment in Virginia is 8.1% higher than the median mortgage payment nationwide.

3.38 million total households in Virginia have an average of 2.5 occupants.
2.28 million or 67.4% of households in Virginia own their homes.
1.10 million or 32.6% of households rent their homes.
The median gross rent in Virginia is $1,441 per month.
The median monthly mortgage payment is $1,919.
The homeowner vacancy rate is 0.4%.
Rental vacancy is 4.1%.

Washington Homeowner vs. Renter Statistics

Washington households are 1.6% less likely to own their homes; the median monthly mortgage payment in Washington is 25.5% higher than the median mortgage payment nationwide.

3.08 million total households in Washington have an average of 2.5 occupants.
1.98 million or 64.2% of households in Washington own their homes.
1.10 million or 35.8% of households rent their homes.
The median gross rent in Washington is $1,630 per month.
The median monthly mortgage payment is $2,227.
The homeowner vacancy rate is 0.6%.
Rental vacancy is 4.8%.

West Virginia Homeowner vs. Renter Statistics

West Virginia households are 14.2% more likely to own their homes; the median monthly mortgage payment in West Virginia is 34.6% lower than the median mortgage payment nationwide.

736,300 total households in West Virginia have an average of 2.3 occupants.
548,400 or 74.5% of households in West Virginia own their homes.
188,000 or 25.5% of households rent their homes.
The median gross rent in West Virginia is $795 per month.
The median monthly mortgage payment is $1,161.
The homeowner vacancy rate is 0.9%.
Rental vacancy is 6.4%.

Wisconsin Homeowner vs. Renter Statistics

Wisconsin households are 4.5% more likely to own their homes; the median monthly mortgage payment in Wisconsin is 13.0% lower than the median mortgage payment nationwide.

2.49 million total households in Wisconsin have an average of 2.3 occupants.
1.70 million or 68.1% of households in Wisconsin own their homes.
794,600 or 31.9% of households rent their homes.
The median gross rent in Wisconsin is $992 per month.
The median monthly mortgage payment is $1,545.
The homeowner vacancy rate is 0.7%.
Rental vacancy is 5.2%.

Wyoming Homeowner vs. Renter Statistics

Wyoming households are 11.5% more likely to own their homes; the median monthly mortgage payment in Wyoming is 11.9% lower than the median mortgage payment nationwide.

243,300 total households in Wyoming have an average of 2.3 occupants.
176,900 or 72.7% of households in Wyoming own their homes.
66,500 or 27.3% of households rent their homes.
The median gross rent in Wyoming is $895 per month.
The median monthly mortgage payment is $1,564.
The homeowner vacancy rate is 0.9%.
Rental vacancy is 4.7%.

Homeowners vs Renters Statistics