Minnesota has one of the highest rates of home ownership in the nation

There has been talk of homeownership rates declining as owning a home is no longer the essential part of the American Dream it once was. However, as you can see in the map below from Keeping Current Matters, homeownership is strong in much of the country. All of the 'blue' states below have homeownership rates above the current national average of 62.9%… and Minnesota is tied with New Hampshire for third place in the U.S. with a 70.9% homeownership rate.

Homeownership rate by state

Homeownership in the U.S. reached an all-time high in December 2004 when it hit 69.4%, but Minnesota is higher than that now, at 70.9%. When you look at it by decade, national homeownership has been in the 60 percent range since the 1960s.

Homeownership rate by decade

Sharlene Hensrud, RE/MAX Results - Minneapolis-St. Paul Realtor

HomesMSP Team - SharleneJohnAngela Minneapolis-St. Paul Relocation

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I love what I do! Highly insightful, analytical and creative, there is nothing I love more than helping you find the right solution for your real estate transition. My mission is to serve my clients with honesty and integrity, exceeding their expectations in service and support… and to help others by donating a portion of every transaction to Habitat for Humanity.

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