The US homeownership rate surged 1.3% to 65.5% in 2020—the highest annual rise ever—as 2.6 million more households became homeowners compared to 2019, according to the National Association of Realtors.
More Americans are likely to own a home now than during any year following the Great Recession, when there was a 65.4% homeownership rate in 2010.
However, the homeownership rate for Black Americans (43.4%) is lower than in 2010 (44.2%) and nearly 30 percentage points less than White Americans (72.1%).
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