West Virginia Ranks #1 With the Highest Percent Homeowners

The Census Bureau has released the latest estimates from the American Community Survey. They have crunched the numbers and the rankings are in. Below are the top five states with the highest percent homeowners,

#1 West Virginia, Previously 72.3%             72.4%
#2 Maine, Previously 71.0%                         71.9%
#3 Minnesota, Previously 70.9%                  71.3%
#4 Iowa, Previously #7 at 70.7%                  70.6%
#5 Michigan, Previously #8 at 70.4%           70.3%

Click to see the rest of the states with the highest percent homeowners, and the lowest percent homeowners states at the bottom of the list. Even though the housing markets have fluctuated wildly over the last decade, owning a home can be one method to building long-term wealth.

A recent study by Florida Atlantic University, Florida International University, and the University of Wyoming concluded that renting can also build long-term wealth if the renter can save and re-invest any money saved by not owning a home. Of course, many renters choose to spend the extra funds on consumer goods which is the least desirable for building long-term wealth.

The national percent homeowners from the latest estimates is 63.1% and has risen 0.1% from 63.0%. This year saw several big changes. Iowa rose from #7 to #4, Michigan rose from #8 to #5, New Hampshire fell from #4 to #6, Utah rose from #10 to #7, and Delaware fell from #5 to #8. North Dakota saw the biggest percentage increase in percent homeowners at 2.5%, and Connecticut saw the largest percentage descrease at -2.1%.

If you are searching for a home, farm, or land in Lewisburg, WV, Greenbrier County or surrounding areas, contact Realtor® Rebecca Gaujot.  All types of homes can be found in Lewisburg from historic homes, to log cabins. Homes from small to estate homes with small lots to hundreds of acres. When it comes to real estate, there is much to chose from in Lewisburg.