this post was submitted on 16 Jan 2026
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Home ownership rate is the percentage of homes occupied, not the percentage of people who own their homes (or even have positive equity in them).
From what I could find, 1/3rd of the adult population rents, another 3rd have mortgages with negative equity, and 1/3rd have positive or paid off mortgages. I couldn't find the number who fully own their homes.
Either way all of the above categories could still be house-poor, meaning you're spending most of your income on housing and upkeep, and could still be a paycheck away from homelessness, unable to pay rent/mortgage. I had a relative who fully owned her home, but was unable to pay the property tax and her house was seized.