In April 2019, 83 percent of owners believed that owning was more affordable for them, down from 90 percent in September 2016. This trend shows that many American homeowners are finding owning to be increasingly less affordable than renting, which may have an impact on the overall homeownership rate.
Share of owners who believed renting or owning was more affordable for them in the United States from January 2016 to April 2019
Characteristic
Owning
Renting
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Freddie Mac. (June 26, 2019). Share of owners who believed renting or owning was more affordable for them in the United States from January 2016 to April 2019 [Graph]. In Statista. Retrieved July 03, 2024, from https://www.statista.com/statistics/1036237/homeowners-affordability-renting-versus-owning-usa/
Freddie Mac. "Share of owners who believed renting or owning was more affordable for them in the United States from January 2016 to April 2019." Chart. June 26, 2019. Statista. Accessed July 03, 2024. https://www.statista.com/statistics/1036237/homeowners-affordability-renting-versus-owning-usa/
Freddie Mac. (2019). Share of owners who believed renting or owning was more affordable for them in the United States from January 2016 to April 2019. Statista. Statista Inc.. Accessed: July 03, 2024. https://www.statista.com/statistics/1036237/homeowners-affordability-renting-versus-owning-usa/
Freddie Mac. "Share of Owners Who Believed Renting or Owning Was More Affordable for Them in The United States from January 2016 to April 2019." Statista, Statista Inc., 26 Jun 2019, https://www.statista.com/statistics/1036237/homeowners-affordability-renting-versus-owning-usa/
Freddie Mac, Share of owners who believed renting or owning was more affordable for them in the United States from January 2016 to April 2019 Statista, https://www.statista.com/statistics/1036237/homeowners-affordability-renting-versus-owning-usa/ (last visited July 03, 2024)
Share of owners who believed renting or owning was more affordable for them in the United States from January 2016 to April 2019 [Graph], Freddie Mac, June 26, 2019. [Online]. Available: https://www.statista.com/statistics/1036237/homeowners-affordability-renting-versus-owning-usa/