The U.S. homeownership rate hit its lowest level in five decades in 2020, falling by 2 percentage points in ten years' time, according to Census Bureau data released on Thursday. Slightly more than 80 million out of 126.8 million occupied housing units across the country were inhabited by homeowners in, putting the nation’s homeownership rate at 63.1 percent. This is the lowest homeownership rate since 1970. West Virginia and Maine had the highest homeownership rates in 2020 at 72.6 percent and 71 percent, respectively. But each of these states experienced a decline from the 2010 Census figures. New York, California, Nevada, Hawaii, and Rhode Island had the lowest homeowne
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