Monday, May 25, 2015

Homeownership Rate of Married Couples

Married couples are far more likely than other household types to own their home. In 2014, fully 80.3 percent of couples were homeowners versus 64.5 percent of all households. Married couples are more likely to be homeowners because two incomes are often needed to afford a downpayment and other costs of home buying and homeownership.

Even married couples are less likely to be homeowners than they once were. Over the past 10 years, the homeownership rate of married couples fell 3.7 percentage points. In some age groups, the decline was much larger...

Married-couple homeownership rate in 2014 (and percentage-point decline since 2004)
Total couples: 80.3% (-3.7)
Under age 35: 55.6% (-7.5)
Aged 35 to 44: 73.9% (-9.1)
Aged 45 to 54: 84.1% (-5.5)
Aged 55 to 64: 89.6% (-2.4)
Aged 65-plus: 91.5% (-1.2)

Source: Census Bureau, Housing Vacancies and Homeownership

No comments: