The Housing Vacancies and Homeownership economic indicators data provide current information on the rental and homeowner vacancy rates and characteristics of available housing. It shows:
The first quarter 2022 homeownership rate was highest in the Midwest (70.0%), followed by the South (67.4%), Northeast (61.8%) and West (60.2%).
The homeownership rate in the Northeast was lower than the first quarter 2021 rate, while rates in all other regions were not statistically different from the first quarter 2021 rates.
The rental vacancy rate in the South (7.1%) was higher than the rate in the Midwest (5.9%), and both were higher than the rates in the Northeast (4.9%) and West (4.5%).
However, the rental vacancy rate in the Northeast was not statistically different from the West. The rates in the Northeast and Midwest were lower than their first quarter 2021 rates. The rates in the South and West were not statistically different from the first quarter 2021 rates.
Housing Cost and Condition
The American Housing Survey provides up-to-date information about housing conditions and cost of housing in the United States and major metropolitan areas. The most recent data is for 2019 and includes:
- Physical condition of homes and neighborhoods. Of the 124 million occupied households in the United States:
- 14.8 million saw signs of mice/rats inside the home in the last 12 months.
- 11.7 million reported water leakage from outside the home.
- 9.4 million reported water leakage from inside the home.
- Costs of financing and maintaining homes. Owners spent a median of $4,400 on improvements to their homes such as (median expenditures for selected projects):
- HVAC: $4,000.
- Kitchen remodels: $6,000.
- Flooring/paneling/ceiling tiles: $2,000.
- Characteristics of people who live in the homes, including those who need accessible homes the most:
- 48 million households (39%) have at least one person age 65 and over, one person(s) with a disability, or both.
- About 1 in 8 households have a household member who uses a mobility device for a long-term condition.