Q1 US Homeownership Rate Down Slightly

The US homeownership rate of during the first quarter was 65.1%, according to data from the US Census Bureau. This is slightly below the 65.7% rate in the fourth quarter of 2024 and the 65.6% rate in the first quarter of 2024.

The first quarter homeownership rate was highest in the Midwest (69.3%), followed by the South (67.1%), then the Northeast (61.0%) and the West (60.6%).

Along economic lines, the first quarter homeownership rate for households with family income greater than or equal to the median family income was 78.1%, while the rate for those households with family income less than the median family income was 52.1%. Along racial and ethnic lines, the first quarter 2025 homeownership rate for non-Hispanic White households was highest at 74.2%, followed by Asian households (62%), Hispanic households (47.8%) and Black households (44.7%).

Approximately 89.5% of the nation’s housing units were occupied in the first quarter and 10.5% were vacant. Owner-occupied housing units made up 58.2% of total housing units and renter-occupied units made up 31.2% of the inventory.

National vacancy rates in the first quarter were 7.1% for rental housing and 1.1% for homeowner housing. Vacant year-round units comprised 8.1% percent of total housing units, while 2.4% were vacant for seasonal use.