The majority of U.S. cities with high rates of homeownership are located in the South, Southwest, the Mountain states, and on the West Coast, according to Forbes. These regions are also prime destinations for migrating Americans searching for affordability and space, especially as remote work becomes more prevalent during the pandemic. Four of the top 20 cities with the greatest increase in homeownership are located in Texas, five are in Florida, and three are in California.
A small city 40 miles north of Houston, Conroe, Texas reported a growth in homeownership of 59% from 2014 to 2019 with a high percentage of owner-occupied homes over a five-year period. In 2014, less than half of Conroe homes were owner-occupied, but by 2019, 53.1% of homes were owned and occupied by their tenants.
Across the U.S., rates of homeownership have fluctuated over the years, with some major cities seeing historic declines, while other, small yet still substantial cities witnessing impressive growth.
Geographically, many of the top cities where homeownership and homeownership rates have grown the most display patterns of being located in the U.S. South, Southwest, the Mountains states, and some on the West Coast. Not surprisingly, these regions are also the ones that have been drawing migrants within the U.S. from other states.
For the full list of the cities with the highest homeownership rates ...