Homeownership Rate for Arkansas
ARHOWN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
66.60
Year-over-Year Change
0.91%
Date Range
1/1/1984 - 1/1/2024
Summary
The Homeownership Rate for Arkansas measures the percentage of occupied housing units in the state that are owner-occupied. This key metric provides insights into housing affordability and market dynamics.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Homeownership Rate tracks the proportion of Arkansas households that own their primary residence rather than renting. It is a vital indicator of housing market health and homebuyer trends in the state.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
Policymakers and analysts use the Homeownership Rate to evaluate housing policies and their impact on home-buying activity.
Key Facts
- Arkansas homeownership rate was 65.8% as of the latest data.
- Homeownership rates in Arkansas are higher than the national average.
- Ownership levels have fluctuated in recent years due to housing market changes.
FAQs
Q: What does this economic trend measure?
A: The Homeownership Rate for Arkansas measures the percentage of occupied housing units in the state that are owner-occupied versus renter-occupied.
Q: Why is this trend relevant for users or analysts?
A: The Homeownership Rate is a key indicator of housing affordability and market dynamics in Arkansas, providing insights for policymakers, real estate professionals, and consumers.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's American Community Survey.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the Homeownership Rate to evaluate housing policies and their impact on home-buying activity in Arkansas.
Q: Are there update delays or limitations?
A: The Homeownership Rate data is published regularly by the Census Bureau, but may have a lag of several months between the reference period and publication.
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Citation
U.S. Federal Reserve, Homeownership Rate for Arkansas (ARHOWN), retrieved from FRED.