Dictionary of Business Terms: homeownership rate
homeownership rate
the percentage ratio of owner-occupied dwelling units to total occupied dwelling units in an area. In 2005, the homeownership rate for the United States was 69.1%, indicating the proportion of all households owning the home in which they lived. Within the population, the rate varies greatly by age and type of household, with higher incidence for married and older households than for young singles.
Dictionary of Real Estate Terms: homeownership rate
homeownership rate
the percentage ratio of owner-occupied dwelling units to total occupied dwelling units in an area.
Example: In the first quarter of 2003, the homeownership rate for the United States was 68%, indicating the proportion of all households owning the home in which they lived. Within the population, the rate varies greatly by age and type of household.
