Number of owner occupied homes in the U.S. 1975-2018

Number of owner occupied housing units in the United States from 1975 to 2018 (in millions)

by Jennifer Rudden, last edited Aug 9, 2019
Number of owner occupied homes in the U.S. 1975-2018 Following a period of stagnation over most of the 2010’s, the number of owner occupied housing units in the United States has recently started growing again, increasing to 79.36 million in 2018.
‘Owner occupied housing’

Owner occupied housing is where the person who owns a property – either outright or through a mortgage – also resides in the property. Excluded are therefore rental properties, employer-provided housing and social housing. When all forms of housing are included there were 138.45 million housing units in the U.S. in 2018, of which roughly one third were renter-occupied.

‘Owning vs renting’

In general it is cheaper to rent in the U.S., with more renters than owners having monthly housing expenses of less than 1,500 U.S. dollars in 2017. However this situation is gradually changing, with the ratio of house prices. However, the house prices have been rising faster than the cost of rent, meaning that it is increasingly more affordable to own a house than to rent.
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Number of owner occupied housing units in the United States from 1975 to 2018 (in millions)

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