New research has named the states where the homeownership rates have changed the most in the last five years.
Using US Census data on the percentage of homeownership, states were ranked in order of which experienced the highest rise and fall in rates.
According to the findings, homeownership in North Carolina has seen the fourth-largest decrease, dropping 4.65% over the past five years. South Carolina saw the seventh-largest decrease, dropping 3.37% over the same time period.
Homeownership in the state was at its highest in 2019, at 65.6%, however, it is now at only 59%.
The 10 states with the largest percentage decrease from 2019 to 2024:
|
Rank |
State |
Percentage decrease in homeownership from 2019 to 2024 |
|
1. |
Rhode Island |
-10.06% |
|
2. |
Oklahoma |
-5.64% |
|
3. |
Kansas |
-5.19% |
|
4. |
North Carolina |
-4.65% |
|
5. |
Oregon |
-4.26% |
|
6. |
Kentucky |
-3.87% |
|
7. |
South Carolina |
-3.73% |
|
8. |
New Hampshire |
-3.16% |
|
9. |
Hawaii |
-1.82% |
|
10. |
Utah |
-0.99% |
