Homeowners vs Renters Statistics

Last Updated: October 17, 2021

Report Highlights. Homeowner vs. renter statistics reflect a decline in homeownership, with 36% of American households renting their home.

  • 78.7 million out of a total 122.8 million households are homeowning.
  • 44.1 million households rent their homes.
  • 2.7% of occupied housing units are second homes.
  • 11% of all housing units are vacant.
  • In the first financial quarter of 2021, the homeownership rate was 65.4%.

See related: Average Rent by Year | Renting Statistics | Rental Vacancy Rate | Public Housing and Section 8

Homeowners vs. Renters
Homeowners Renters
Number of Households 78,716,628 44,086,224
Share of Households 64.1% 35.9%
Average Monthly Payments $1,297 mortgage* $1,149 rent
Total Monthly Housing Costs† $1,510 $1,301
Vacancy Rate 0.9% 6.2%
Median Household Wealth $254,900 ($98,500 excluding home equity) $6,270

*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 3,965% higher than it is among renters.
  • Excluding home equity, household wealth among homeowners is 1,469% higher than it is among renters.
  • Renters are 89.9% more likely than homeowners to be behind on housing payments (rent vs. mortgage payments).
  • The renter:owner ratio is 50.1%, its lowest since 2010 (49.56%).
  • Historically, the lowest renter:owner ratio was 44.9% in 2004.
  • The renter:owner ratio hit its 182.1% historic high in 2019.
  • Among military veterans, the renter:owner ratio is 45.0%.

Line Graph of Homeownership Rates Since 1965

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 38 million or 31% 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%.
  • 54% of renters spend over 30% of their household income on rent.
  • 25% of renters spend more than 50% of their income on rent.
  • 28% of homeowners spend more than 30% of their household income on mortgage payments.

Housing Vacancy Among Homeowners vs. Renters

Vacant does not necessarily mean availabile. Just 23.4% of vacancies are identified as available for rent or for sale.

  • Homeowner vacancy is 0.9%.
  • Rental vacancy is 6.2%, which is 85.5% higher than homeowner vacancy.
  • The annual average homeowner vacancy rate declined 7.7% from 2020 to 2021.
  • From 2019 to 2020, the average annual homeowner vacancy rate declined 29.09%.
  • The annual average renter vacancy rate increased 3.2% from 2020 to 2021.
  • From 2019 to 2020, the average annual rental vacancy rate declined 6.7%.
  • 9.3% of all housing units are vacant.
  • 20% of vacant units have been vacant for two years or more.
  • 2.9% of vacant units have never been occupied.
  • 89% of all housing units are occupied year-round.
  • 1.9% are seasonally occupied, 74% of which are suitable for year-round use.

Homeowner vs. Renter Demographics

Renter households are more likely to be singles.

  • 16.9 million or 38.3% of renting households are single occupant.
  • 4 million renters (9.1%) and 48.2 million homeowners (61.2%) are married with both spouses present.
  • Married couples include 195,000 renters (0.4%) and 499,000 homeowners (0.6%) who are same-sex married couples.
  • 4 million renters and 3.6 million homeowners are unmarried couples with both partners present.
  • 253,000 rentersand 221,000 homeowners were same-sex unmarried couples.
  • 8 million veterans are homeowners compared to 3.6 million veterans who rent their homes.
  • 585,000 active duty servicemembers owned their homes, compared to 533,000 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 $6,270 or 5.1% of the median wealth among all households.
  • The median household wealth among homeowners is $254,900 or 109% higher than the median household income among all households.
  • Excluding home equity, the median wealth among homeowners is $98,500.
  • 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.

  • 82.5 million or 65.4% of occupied housing units are owner-occupied.
  • The homeownership rate outside of metropolitan statistical areas may be as high as 77%.
  • In 2021, the nationwide homeownership rate declined 3.7% year-over-year (YoY).
  • The number of owner-occupied units declined 4.0% YoY.
  • $309,800 is the median home price.
  • 63% 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 79.6%. down 0.1% YoY.
  • Homeownership among 35- to 50-year-olds averages 63.1%, down 4.8% YoY.
  • 37.8% of people under 35 years old are homeowners, down 6.9% YoY.
  • 23.7% of people under the age of 25 years are homeowners, down 16.0% YoY.
  • 60% of homeowning householders are married couples.
  • 23.5% of homeowners are single women; 15% are single men.
  • 75% of homeowners are white.
  • Homeowners 30 years old and younger live in 33% of owner-occupied housing units.
  • Homeownership rates are highest among 70- to 74-year-olds, with 82.3% owning homes.
  • The 45- 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 33.9% ownership rate.
  • 24.3% 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.

  • 40.7 million or 34.6% of occupied housing units are renter-occupied.
  • Rental vacancy is 6.2%.
  • 17% of renter households were behind on their rental payments in 2021’s first financial quarter.
  • 20.4 million or 46% of renters spend more than 30% of their household income on rent.
  • 10.5 million or 24% of renters pay more than 50% of their household income to rent their home.
  • 28% of renter-occupied homes are detached single family units.
  • 42% of renters live in single family homes.
  • 17.5% of renters live in 2- to 4-unit buildings.
  • 65% of single family home renters live in a house with 1 or 2 bedrooms; 25% 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.

  • 5.4 million aparment households are single women.
  • 26% of renting householders are married couples.
  • 42.5% of renters are single women; 31.5% are single men.
  • $36,000 is the median annual household income among renting households.
  • 51% of renters are white.
  • Renters 30 years old and younger live in 49% of renter-occupied units.
  • 37% of renting households are single-person.
  • 32% of renting households include children.
  • 10% 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%

National Map: Share of Households that are Homeowning, Homeowner vs Renter Statistics

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 $1,063.
  • Florida has the lowest difference at $228.
  • 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 March 2021, North Dakota, Arizona, Indiana, Colorado, and Michigan had the highest rate of renters and homeowners facing the likelihood of eviction or foreclosure.

National Map: Share of Households that Rent, by state, Homeowner vs Renter Statistics

Homeowners vs. Renters by State
State Total Households %Owning : %Renting‡
Alabama 1,897,576 69% : 31%
Alaska 252,199 65% : 35%
Arizona 2,670,441 65% : 35%
Arkansas 1,163,647 66% : 35%
California 13,157,873 55% : 45%
Colorado 2,235,103 66% : 34%
Connecticut 1,377,166 65% : 35%
Delaware 376,239 70% : 30%
D.C. 291,570 42% : 59%
Florida 7,905,832 66% : 34%
Georgia 3,852,714 64% : 36%
Hawaii 465,299 60% : 40%
Idaho 655,859 72% : 28%
Illinois 4,866,006 66% : 34%
Indiana 2,597,765 69% : 31%
Iowa 1,287,221 71% : 30%
Kansas 1,138,329 67% : 34%
Kentucky 1,748,732 67% : 33%
Louisiana 1,741,076 67% : 34%
Maine 573,618 72% : 28%
Maryland 2,226,767 67% : 33%
Massachusetts 2,650,680 62% : 38%
Michigan 3,969,880 72% : 28%
Minnesota 2,222,568 72% : 28%
Mississippi 1,100,229 67% : 33%
Missouri 2,458,337 67% : 33%
Montana 437,651 67% : 33%
Nebraska 771,444 66% : 34%
Nevada 1,143,557 57% : 43%
New Hampshire 541,396 71% : 29%
New Jersey 3,286,264 63% : 37%
New Mexico 793,420 68% : 32%
New York 7,446,812 54% : 47%
North Carolina 4,046,348 65% : 35%
North Dakota 323,519 61% : 39%
Ohio 4,730,340 66% : 34%
Oklahoma 1,495,151 66% : 35%
Oregon 1,649,352 63% : 37%
Pennsylvania 5,119,249 68% : 32%
Puerto Rico 1,170,982 69% : 31%
Rhode Island 407,174 62% : 38%
South Carolina 1,975,915 70% : 30%
South Dakota 353,799 68% : 32%
Tennessee 2,654,737 67% : 34%
Texas 9,985,126 62% : 38%
Utah 1,023,855 71% : 29%
Vermont 262,767 71% : 29%
Virginia 3,191,847 66% : 34%
Washington 2,932,477 63% : 37%
West Virginia 728,175 73% : 27%
Wisconsin 2,386,623 67% : 33%
Wyoming 233,128 72% : 28%

Percentages may not total 100 due to rounding.

Alabama

1.90 million total households have an average of 2.6 occupants.

  • 1,305,532 million or 68.8% are homeowner households.
  • 592,044 or 31.2% are renting households.
  • The median gross rent is $807.00 per month.
  • The median monthly mortgage payment is $1,147.
  • The homeowner vacancy rate is 1.3%.
  • Rental vacancy is 12.8%.

Alaska

252,199 total households have an average of 2.9 occupants.

  • 163,173 or 64.7% are homeowner households.
  • 89,026 or 35.3% are renting households.
  • The median gross rent is $1,201 per month.
  • The median monthly mortgage payment is $1,907.
  • The homeowner vacancy rate is 0.7%.
  • Rental vacancy is 3.9%.

Arizona

2.67 million total households have an average of 2.7 occupants.

  • 1,743,798 or 65.3% are homeowner households.
  • 926,643 or 34.7% are renting households.
  • The median gross rent is $1,101 per month.
  • The median monthly mortgage payment is $1,394.
  • The homeowner vacancy rate is 1.0%.
  • Rental vacancy is 4.7%.

Arkansas

1.16 million total households have an average of 2.6 occupants.

  • 762,189 or 65.5% are homeowner households.
  • 401,458 or 34.5% are renting households.
  • The median gross rent is $742.00 per month.
  • The median monthly mortgage payment is $1,071.
  • The homeowner vacancy rate is 0.8%.
  • Rental vacancy is 6.8%.

California

13.16 million total households have an average of 3.0 occupants.

  • 7,223,672 or 54.9% are homeowner households.
  • 5,934,201 or 45.1% are renting households.
  • The median gross rent is $1,614 per month.
  • The median monthly mortgage payment is $2,282.
  • The homeowner vacancy rate is 0.8%.
  • Rental vacancy is 4.8%.

Colorado

2.24 million total households have an average of 2.6 occupants.

  • 1,472,933 or 65.9% are homeowner households.
  • 762,170 or 34.1% are renting households.
  • The median gross rent is $1,681 per month.
  • The median monthly mortgage payment is $1,681.
  • The homeowner vacancy rate is 1.2%.
  • Rental vacancy is 4.1%.

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

Connecticut

1.38 million total households have an average of 2.6 occupants.

  • 895,158 or 65.0% are homeowner households.
  • 482,008 or 35.0% are renting households.
  • The median gross rent is $1,777 per month.
  • The median monthly mortgage payment is $2,096.
  • The homeowner vacancy rate is 0.6%.
  • Rental vacancy is 5.4%.

Delaware

376,239 total households have an average of 1.9 occupants.

  • 264,496 or 70.3% are homeowner households.
  • 111,743 or 29.7% are renting households.
  • The median gross rent is $1,116 per month.
  • The median monthly mortgage payment is $1,563.
  • The homeowner vacancy rate is 1.0%.
  • Rental vacancy is 3.8%.

District of Columbia

291,570 total households have an average of 3.3 occupants.

  • 121,002 or 41.5% are homeowner households.
  • 170,568 or 58.5% are renting households.
  • The median gross rent is $1,603 per month.
  • The median monthly mortgage payment is unavailable.
  • The homeowner vacancy rate is 1.1%.
  • Rental vacancy is 11.0%.

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

Florida

7.91 million total households have an average of 2.7 occupants.

  • 5,233,661 or 66.2% are homeowner households.
  • 2,672,171 or 33.8% are renting households.
  • The median gross rent is $1,238 per month.
  • The median monthly mortgage payment is $1,466.
  • The homeowner vacancy rate is 1.0%.
  • Rental vacancy is 7.5%.

Georgia

3.85 million total households have an average of 2.8 occupants.

  • 2,469,590 or 64.1% are homeowner households.
  • 1,383,124 or 35.9% are renting households.
  • The median gross rent is $1,049 per month.
  • The median monthly mortgage payment is $1,383.
  • The homeowner vacancy rate is 0.9%.
  • Rental vacancy is 5.5%.

Hawaii

465,299 total households have an average of 3.0 occupants.

  • 280,110 or 60.2% are homeowner households.
  • 185,189 or 39.8% are renting households.
  • The median gross rent is $1,651 per month.
  • The median monthly mortgage payment is $2,350.
  • The homeowner vacancy rate is 0.6%.
  • Rental vacancy is 6.8%.

Idaho

655,859 total households have an average of 2.7 occupants.

  • 469,595 or 71.6% are homeowner households.
  • 186,264 or 28.4% are renting households.
  • The median gross rent is $880.00 per month.
  • The median monthly mortgage payment is $1,228.
  • The homeowner vacancy rate is 0.7%.
  • Rental vacancy is 4.0%.

Illinois

4.87 million total households have an average of 2.6 occupants.

  • 3,211,564 or 66.0% are homeowner households.
  • 1,654,442 or 34.0% are renting households.
  • The median gross rent is $1,020 per month.
  • The median monthly mortgage payment is $1,668.
  • The homeowner vacancy rate is 1.1%.
  • Rental vacancy is 8.0%.

Indiana

2.60 million total households have an average of 2.6 occupants.

  • 1,800,251 or 69.3% are homeowner households.
  • 797,514 or 30.7% are renting households.
  • The median gross rent is $840.00 per month.
  • The median monthly mortgage payment is $1,130.
  • The homeowner vacancy rate is 0.8%.
  • Rental vacancy is 7.8%.

Iowa

1.29 million total households have an average of 2.5 occupants.

  • 907,491 or 70.5% are homeowner households.
  • 379,730 or 29.5% are renting households.
  • The median gross rent is $808.00 per month.
  • The median monthly mortgage payment is $1,234.
  • The homeowner vacancy rate is 1.1%.
  • Rental vacancy is 7.6%.

Kansas

1.14 million total households have an average of 2.6 occupants.

  • 756,989 or 66.5% are homeowner households.
  • 381,340 or 33.5% are renting households.
  • The median gross rent is $862.00 per month.
  • The median monthly mortgage payment is $1,349.
  • The homeowner vacancy rate is 0.5%.
  • Rental vacancy is 8.3%.

Kentucky

1.75 million total households have an average of 2.6 occupants.

  • 1,171,650 or 67.0% are homeowner households.
  • 577,082 or 33.0% are renting households.
  • The median gross rent is $773.00 per month.
  • The median monthly mortgage payment is $1,158.
  • The homeowner vacancy rate is 1.0%.
  • Rental vacancy is 6.8%.

Louisiana

1.74 million total households have an average of 2.7 occupants.

  • 1,157,816 or 66.5% are homeowner households.
  • 583,260 or 33.5% are renting households.
  • The median gross rent is $866.00 per month.
  • The median monthly mortgage payment is $1,267.
  • The homeowner vacancy rate is 1.2%.
  • Rental vacancy is 6.1%.

Maine

573,618 total households have an average of 2.3 occupants.

  • 414,152 or 72.2% are homeowner households.
  • 159,466 or 27.8% are renting households.
  • The median gross rent is $870.00 per month.
  • The median monthly mortgage payment is $1.381.
  • The homeowner vacancy rate is 1.1%.
  • Rental vacancy is 2.5%.

Maryland

2.23 million total households have an average of 2.7 occupants.

  • 1,487,480 or 66.8% are homeowner households.
  • 739,287 or 33.2% are renting households.
  • The median gross rent is $1,401 per month.
  • The median monthly mortgage payment is $1,987.
  • The homeowner vacancy rate is 0.5%.
  • Rental vacancy is 4.8%.

Massachusetts

2.65 million total households have an average of 2.6 occupants.

  • 1,648,723 or 62.2% are homeowner households.
  • 1,001,957 or 37.8% are renting households.
  • The median gross rent is $1,360 per month.
  • The median monthly mortgage payment is $2,165.
  • The homeowner vacancy rate is 0.9%.
  • Rental vacancy is 4.5%.

Michigan

3.97 million total households have an average of 2.5 occupants.

  • 2,842,434 or 71.6% are homeowner households.
  • 1,127,446 or 28.4% are renting households.
  • The median gross rent is $888.00 per month.
  • The median monthly mortgage payment is $1,279.
  • The homeowner vacancy rate is 0.6%.
  • Rental vacancy is 5.9%.

Minnesota

2.22 million total households have an average of 2.5 occupants.

  • 1,598,026 or 71.9% are homeowner households.
  • 624,542 or 28.1% are renting households.
  • The median gross rent is $1,016 per month.
  • The median monthly mortgage payment is $1,547.
  • The homeowner vacancy rate is 0.5%.
  • Rental vacancy is 8.9%.

Mississippi

1.10 million total households have an average of 2.7 occupants.

  • 740,454 or 67.3% are homeowner households.
  • 359,775 or 32.7% are renting households.
  • The median gross rent is $777.00 per month.
  • The median monthly mortgage payment is $1,134.
  • The homeowner vacancy rate is 1.4%.
  • Rental vacancy is 10.1%.

Missouri

2.46 million total households have an average of 2.5 occupants.

  • 1,649,544 or 67.1% are homeowner households.
  • 808,793 or 32.9% are renting households.
  • The median gross rent is $834.00 per month.
  • The median monthly mortgage payment is $1,254.
  • The homeowner vacancy rate is 0.6%.
  • Rental vacancy is 10.4%.

Montana

437,651 total households have an average of 2.4 occupants.

  • 301,542 or 68.9% are homeowner households.
  • 136,109 or 31.1% are renting households.
  • The median gross rent is $831.00 per month.
  • The median monthly mortgage payment is $1,386.
  • The homeowner vacancy rate is 0.6%.
  • Rental vacancy is 4.3%.

Nebraska

771,444 total households have an average of 2.5 occupants.

  • 511,467 or 66.3% are homeowner households.
  • 259,977 or 33.7% are renting households.
  • The median gross rent is $859.00 per month.
  • The median monthly mortgage payment is $1,352.
  • The homeowner vacancy rate is 1.1%.
  • Rental vacancy is 5.2%.

Nevada

1.14 million total households have an average of 2.7 occupants.

  • 647,253 or 56.6% are homeowner households.
  • 496,304 or 43.4% are renting households.
  • The median gross rent is $1,168 per month.
  • The median monthly mortgage payment is $1,469.
  • The homeowner vacancy rate is 0.8%.
  • Rental vacancy is 4.2%.

New Hampshire

541,396 total households have an average of 2.5 occupants.

  • 384,391 or 71.0% are homeowner households.
  • 157,005 or 29.0% are renting households.
  • The median gross rent is $1,147 per month.
  • The median monthly mortgage payment is $1,917.
  • The homeowner vacancy rate is 0.7%.
  • Rental vacancy is 3.0%.

New Jersey

3.29 million total households have an average of 2.7 occupants.

  • 2,080,205 or 63.3% are homeowner households.
  • 1,206,059 or 36.7% are renting households.
  • The median gross rent is $1,376 per month.
  • The median monthly mortgage payment is $2,439.
  • The homeowner vacancy rate is 0.7%.
  • Rental vacancy is 3.5%.

New Mexico

793,420 total households have an average of 2.6 occupants.

  • 540,319 or 68.1% are homeowner households.
  • 253,101 or 31.9% are renting households.
  • The median gross rent is $847.00 per month.
  • The median monthly mortgage payment is $1,262.
  • The homeowner vacancy rate is 1.1%.
  • Rental vacancy is 6.5%.

New York

7.45 million total households have an average of 2.6 occupants.

  • 3,984,044 or 53.3% are homeowner households.
  • 3,462,768 or 46.5% are renting households.
  • The median gross rent is $1,309 per month.
  • The median monthly mortgage payment is $2,114.
  • The homeowner vacancy rate is 1.4%.
  • Rental vacancy is 6.8%.

North Carolina

4.05 million total households have an average of 2.6 occupants.

  • 2,642,265 or 65.3% are homeowner households.
  • 1,404,083 or 34.7% are renting households.
  • The median gross rent is $931.00 per month.
  • The median monthly mortgage payment is $1,290.
  • The homeowner vacancy rate is 0.8%.
  • Rental vacancy is 4.4%.

North Dakota

323,519 total households have an average of 2.4 occupants.

  • 198,317 or 61.3% are homeowner households.
  • 125,202 or 38.7% are renting households.
  • The median gross rent is $804.00 per month.
  • The median monthly mortgage payment is $1,389.
  • The homeowner vacancy rate is 1.7%.
  • Rental vacancy is 12.9%.

Ohio

4.73 million total households have an average of 2.5 occupants.

  • 3,122,024 or 66.0% are homeowner households.
  • 1,608,316 or 34.0% are renting households.
  • The median gross rent is $813.00 per month.
  • The median monthly mortgage payment is $1,269.
  • The homeowner vacancy rate is 0.4%.
  • Rental vacancy is 6.5%.

Oklahoma

1.50 million total households have an average of 2.6 occupants.

  • 979,324 or 65.5% are homeowner households.
  • 515,827 or 34.5% are renting households.
  • The median gross rent is $814.00 per month.
  • The median monthly mortgage payment is $1,214.
  • The homeowner vacancy rate is 1.0%.
  • Rental vacancy is 5.4%.

Oregon

1.65 million total households have an average of 2.6 occupants.

  • 1,037,442 or 62.9% are homeowner households.
  • 611,910 or 37.1% are renting households.
  • The median gross rent is $1,185 per month.
  • The median monthly mortgage payment is $1,647.
  • The homeowner vacancy rate is 0.6%.
  • Rental vacancy is 4.7%.

Pennsylvania

5.12 million total households have an average of 2.5 occupants.

  • 3,501,566 or 68.4% are homeowner households.
  • 1,617,683 or 31.6% are renting households.
  • The median gross rent is $951.00 per month.
  • The median monthly mortgage payment is $1,474.
  • The homeowner vacancy rate is 0.5%.
  • Rental vacancy is 6.5%.

Puerto Rico

1.17 million total households have an average of 2.7 occupants.

  • 803,460 or 68.6% are homeowner households.
  • 367,522 or 31.4% are renting households.
  • The median gross rent is unavailable.
  • The median monthly mortgage payment is unavailable.
  • The homeowner vacancy rate is unavailable.
  • Rental vacancy is unavailable.

Rhode Island

407,174 total households have an average of 2.6 occupants.

  • 251,226 or 61.7% are homeowner households.
  • 155,948 or 38.3% are renting households.
  • The median gross rent is $1,043 per month.
  • The median monthly mortgage payment is $1,838.
  • The homeowner vacancy rate is 0.7%.
  • Rental vacancy is 2.2%.

South Carolina

1.98 million total households have an average of 2.6 occupants.

  • 1,389,068 or 70.3% are homeowner households.
  • 586,847 or 29.7% are renting households.
  • The median gross rent is $922.00 per month.
  • The median monthly mortgage payment is $1,227.
  • The homeowner vacancy rate is 0.7%.
  • Rental vacancy is 6.6%.

South Dakota

353,799 total households have an average of 2.5 occupants.

  • 239,876 or 67.8% are homeowner households.
  • 113,923 or 32.2% are renting households.
  • The median gross rent is $769.00 per month.
  • The median monthly mortgage payment is $1,298.
  • The homeowner vacancy rate is 0.9%.
  • Rental vacancy is 8.7%.

Tennessee

2.65 million total households have an average of 2.6 occupants.

  • 1,765,400 or 66.5% are homeowner households.
  • 889,337 or 33.5% are renting households.
  • The median gross rent is $904.00 per month.
  • The median monthly mortgage payment is $1,224.
  • The homeowner vacancy rate is 0.9%.
  • Rental vacancy is 7.6%.

Texas

9.99 million total households have an average of 2.9 occupants.

  • 6,180,793 or 61.9% are homeowner households.
  • 3,804,333 or 38.1% are renting households.
  • The median gross rent is $1,091 per month.
  • The median monthly mortgage payment is $1,549.
  • The homeowner vacancy rate is 1.2%.
  • Rental vacancy is 7.9%.

Utah

1.02 million total households have an average of 3.1 occupants.

  • 722,842 or 70.6% are homeowner households.
  • 301,013 or 29.4% are renting households.
  • The median gross rent is $1,098 per month.
  • The median monthly mortgage payment is $1,497.
  • The homeowner vacancy rate is 0.7%.
  • Rental vacancy is 4.6%.

Vermont

262,767 total households have an average of 2.4 occupants.

  • 186,302 or 70.9% are homeowner households.
  • 76,465 or 29.1% are renting households.
  • The median gross rent is $980.00 per month.
  • The median monthly mortgage payment is $1,594.
  • The homeowner vacancy rate is 0.4%.
  • Rental vacancy is 1.8%.

Virginia

3.19 million total households have an average of 2.7 occupants.

  • 2,109,811 or 66.1% are homeowner households.
  • 1,082,036 or 33.9% are renting households.
  • The median gross rent is $1,254 per month.
  • The median monthly mortgage payment is $1,767.
  • The homeowner vacancy rate is 0.8%.
  • Rental vacancy is 4.4%.

Washington

2.93 million total households have an average of 2.6 occupants.

  • 1,850,393 or 63.1% are homeowner households.
  • 1,082,084 or 36.9% are renting households.
  • The median gross rent is $1,359 per month.
  • The median monthly mortgage payment is $1,826.
  • The homeowner vacancy rate is 0.8%.
  • Rental vacancy is 5.3%.

West Virginia

728,175 total households have an average of 2.5 occupants.

  • 534,480 or 73.4% are homeowner households.
  • 193,695 or 26.6% are renting households.
  • The median gross rent is $727.00 per month.
  • The median monthly mortgage payment is $1,023.
  • The homeowner vacancy rate is 0.7%.
  • Rental vacancy is 0.6%.

Wisconsin

2.39 million total households have an average of 2.4 occupants.

  • 1,603,811 or 67.2% are homeowner households.
  • 782,812 or 32.8% are renting households.
  • The median gross rent is $867.00 per month.
  • The median monthly mortgage payment is $1,418.
  • The homeowner vacancy rate is 0.2%.
  • Rental vacancy is 3.5%.

Wyoming

233,128 total households have an average of 2.5 occupants.

  • 167,619 or 71.9% are homeowner households.
  • 65,509 or 28.1% are renting households.
  • The median gross rent is $822.00 per month.
  • The median monthly mortgage payment is $1,428.
  • The homeowner vacancy rate is 1.0%.
  • Rental vacancy is 7.5%.

Sources

  1. U. S. Census Bureau, American Housing Survey
  2. Census, American Community Survey
  3. Housing Vacancies and Homeownership (CPS/HVS) – Housing Vacancies and Homeownership – People and Households – US
  4. Joint Center for Housing Studies of Harvard University, The State of the Nation’s Housing 2021
  5. National Association of Realtors, Research and Statistics
  6. National Multifamily Housing Council, Research & Insight
  7. Move.org, Is It More Common to Rent or Own in Each State?
  8. RentCafe, Renters vs Owners: Renting Dips Over the Decade, But Claims Majority in 23 Cities, Including Seattle & Pittsburgh
  9. Research and Statistics National Association of Realtors
  10. 2020 Census Group Quarters
  11. High-Frequency COVID Economic Impact Data