Homeownership Rate for Missouri
MOHOWN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
70.50
Year-over-Year Change
-0.42%
Date Range
1/1/1984 - 1/1/2024
Summary
The Homeownership Rate for Missouri tracks the percentage of occupied housing units in the state that are owner-occupied. This metric provides insight into housing market trends and the financial well-being of Missouri residents.
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 for Missouri measures the share of total occupied housing units in the state that are owned by the residents, rather than rented. It is an important indicator of housing affordability, household wealth, and economic stability.
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 assess the health of Missouri's housing market and broader economic conditions.
Key Facts
- The Homeownership Rate for Missouri was 68.1% as of the latest data.
- Missouri's homeownership rate is slightly higher than the national average.
- Homeownership is an important component of household wealth and economic security.
FAQs
Q: What does the Homeownership Rate for Missouri measure?
A: The Homeownership Rate for Missouri tracks the percentage of occupied housing units in the state that are owner-occupied, rather than rented.
Q: Why is the Homeownership Rate relevant for users or analysts?
A: The Homeownership Rate provides insight into housing affordability, household wealth, and the overall health of Missouri's housing market and economy.
Q: How is the Homeownership Rate data collected or calculated?
A: The data is collected through the U.S. Census Bureau's American Community Survey.
Q: How is the Homeownership Rate used in economic policy?
A: Policymakers and analysts use the Homeownership Rate to assess the state of Missouri's housing market and broader economic conditions.
Q: Are there any update delays or limitations with this data?
A: The Homeownership Rate data is published regularly by the U.S. Census Bureau, but may be subject to typical survey data limitations and update schedules.
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Citation
U.S. Federal Reserve, Homeownership Rate for Missouri (MOHOWN), retrieved from FRED.