Census Bureau: Homeownership rates declined in 41 states from 2010-2012

The homeownership rates in the U.S. dropped in 41 states, down 1.7 percentage points to 64.7 percent in the three-year period spanning 2010-2012 from the previous three-year span, according to the U.S. Census Bureau’s American Community Survey data released today.

The other nine U.S. states saw no appreciable change in homeownership rates in the period.

West Virginia had the highest homeownership rate of any state at 72.9 percent and the lowest median home value of $98,300 in the period. Washington, D.C., and New York had the lowest homeownership rates at 41.6 percent and 53.9 percent, respectively.

Source: Wall Street Jounal