Main reasons non-owners do not currently own a home U.S. 2023

Published by Statista Research Department, Sep 30, 2024

According to a November 2023 survey, the high cost of living is the leading reason preventing U.S. homeowners from pursuing homeownership. Other factors standing in the way of becoming a homeowner included having sufficient savings for a down payment (45 percent) and enough income (39 percent). In 2023, the homeownership rate in the U.S. was nearly 66 percent.

Reasons why non-owners currently do not own a home in the United States in 2023

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Release date

January 2024

Region

United States

Survey time period

November 28 to November 30, 2023

Number of respondents

2,617 respondents

Age group

18 years and older

Special properties

non-homeowners.

Method of interview

Online survey

Supplementary notes

Multiple responses were possible.

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