Homeownership Rate for Oregon
ORHOWN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
63.00
Year-over-Year Change
-4.69%
Date Range
1/1/1984 - 1/1/2024
Summary
The Homeownership Rate for Oregon measures the percentage of Oregon households that own their homes. This statistic is a key indicator of housing market conditions and reflects economic and demographic trends in the state.
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 Oregon tracks the share of occupied housing units that are owner-occupied rather than renter-occupied. This metric provides insight into home affordability, housing demand, and the overall health of the state's real estate market.
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 monitor changes in Oregon's economy.
Key Facts
- The current Homeownership Rate for Oregon is 62.4%.
- Oregon's Homeownership Rate has declined from a high of 66.3% in 2006.
- Homeownership rates tend to be lower in urban areas compared to rural parts of the state.
FAQs
Q: What does the Homeownership Rate for Oregon measure?
A: The Homeownership Rate for Oregon tracks the percentage of occupied housing units in the state that are owner-occupied rather than renter-occupied.
Q: Why is the Homeownership Rate relevant for users or analysts?
A: The Homeownership Rate is a key indicator of housing market conditions and reflects broader economic and demographic trends in Oregon. It provides insight into home affordability, housing demand, and the overall health of the state's real estate market.
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 the Homeownership Rate used in economic policy?
A: Policymakers and analysts use the Homeownership Rate to evaluate housing policies and monitor changes in Oregon's economy.
Q: Are there update delays or limitations?
A: The Homeownership Rate data is updated annually, so there may be a delay of up to one year in the most recent figures.
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Citation
U.S. Federal Reserve, Homeownership Rate for Oregon (ORHOWN), retrieved from FRED.