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Housing markets

20 cities with the highest homeownership rates

By NMN Staff
Published October 7, 2024 5:00 AM
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Updated October 7, 2024 9:56 AM
1 Min Read
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According to data from LendingTree, the top five cities with the highest homeownership rates boasted an average owner-occupied housing unit rate of 70.32% in 2022. Most cities saw growth in their rate of owner-occupied housing units over three years, with Cleveland seeing the largest increase of 2.38%.

Read more about the 20 cities with the highest homeownership rates.

Rank Metro Rate of housing units that were owner-occupied in 2022 3 year percent change in rate of owner-occupied housing units Total occupied housing units
20 Buffalo, NY 66.12% 0.47% 505,423
19 Hartford, CT 66.47% 0.59% 494,046
18 Atlanta, GA 66.50% 2.22% 2,311,639
17 Cleveland, OH 66.57% 2.38% 891,430
16 Phoenix, AZ 66.73% 2.18% 1,890,835
15 Philadelphia, PA 66.91% 0.22% 2,483,863
14 Tampa, FL 67.00% 0.27% 1,329,075
13 Jacksonville, FL 67.21% 1.20% 672,026
12 Baltimore, MD 67.27% 0.88% 1,126,216
11 Indianapolis, IN 67.51% 2.34% 852,384
10 Richmond, VA 67.63% 1.31% 538,478
9 Salt Lake City, UT 67.65% -0.54% 448,172
8 Raleigh, NC 67.80% 2.22% 559,173
7 Cincinnati, OH 69.10% 2.15% 916,246
6 Louisville, KY 69.18% 1.97% 535,884
5 Birmingham, AL 69.46% 1.74% 443,821
4 St. Louis, MO 69.67% 0.49% 1,168,546
3 Pittsburgh, PA 70.45% 2.26% 1,021,314
2 Minneapolis, MN 70.54% 0.38% 1,483,453
1 Detroit, MI 71.49% 1.87% 1,762,104
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Buffalo, New York ranked 20th with a 66.12% rate of housing units that were owner-occupied in 2022.
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Hartford, Connecticut ranked 19th with a 66.47% rate of housing units that were owner-occupied in 2022.
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Atlanta, Georgia ranked 18th with a 66.50% rate of housing units that were owner-occupied in 2022.
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Cleveland, Ohio ranked 17th with a 66.57% rate of housing units that were owner-occupied in 2022.
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Phoenix, Arizona ranked 16th with a 66.73% rate of housing units that were owner-occupied in 2022.
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Philadelphia, Pennsylvania ranked 15th with a 66.91% rate of housing units that were owner-occupied in 2022.
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Tampa, Florida ranked 14th with a 67.00% rate of housing units that were owner-occupied in 2022.
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Jacksonville, Florida ranked 13th with a 67.21% rate of housing units that were owner-occupied in 2022.
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Baltimore, Maryland ranked 12th with a 67.27% rate of housing units that were owner-occupied in 2022.
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Indianapolis, Indiana ranked 11th with a 67.51% rate of housing units that were owner-occupied in 2022.
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Richmond, Virginia ranked 10th with a 67.63% rate of housing units that were owner-occupied in 2022.
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Salt Lake City, Utah ranked 9th with a 67.65% rate of housing units that were owner-occupied in 2022.
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Raleigh, North Carolina ranked 8th with a 67.80% rate of housing units that were owner-occupied in 2022.
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Cincinnati, Ohio ranked 7th with a 69.10% rate of housing units that were owner-occupied in 2022.
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Louisville, Kentucky ranked 6th with a 69.18% rate of housing units that were owner-occupied in 2022.
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Birmingham, Alabama ranked 5th with a 69.46% rate of housing units that were owner-occupied in 2022.
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St. Louis, Missouri ranked 4th with a 69.67% rate of housing units that were owner-occupied in 2022.
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Pittsburgh, Pennsylvania ranked 3rd with a 70.45% rate of housing units that were owner-occupied in 2022.
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Minneapolis, Minnesota ranked 2nd with a 70.54% rate of housing units that were owner-occupied in 2022.
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Detroit, Michigan ranked 1st with a 71.49% rate of housing units that were owner-occupied in 2022.

NMN Staff
Housing markets
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