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Title:               Homeownership Rate (5-year estimate) for Alger County, MI
Series ID:           HOWNRATEACS026003
Source:              U.S. Census Bureau
Release:             Homeownership Rate (Not a Press Release)
Seasonal Adjustment: Not Seasonally Adjusted
Frequency:           Annual
Units:               Rate
Date Range:          2009-01-01 to 2022-01-01
Last Updated:        2023-12-07 10:20 AM CST
Notes:               The homeownership rate is computed by dividing the estimated total
                     population in owner-occupied units by the estimated total population
                     (ACS 5-year variables B25008_002E and B25008_001E from table B25008,
                     respectively).
                     
                     A housing unit is owner-occupied if the owner or co-owner lives in the
                     unit, even if it is mortgaged or not fully paid for. A housing unit is
                     classified as occupied if it is the current place of residence of the
                     person or group of people living in it at the time of interview, or if
                     the occupants are only temporarily absent from the residence for two
                     months or less (e.g., on vacation or a business trip). If all the
                     people staying in the unit at the time of the interview are staying
                     there for two months or less, the unit is considered to be temporarily
                     occupied and classified as "vacant."
                     
                     Multiyear estimates from the American Community Survey (ACS) are
                     "period" estimates derived from a data sample collected over a period
                     of time, as opposed to "point-in-time" estimates such as those from
                     past decennial censuses. ACS 5-year estimate includes data collected
                     over a 60-month period. The date of the data is the end of the 5-year
                     period. For example, a value dated 2014 represents data from 2010 to
                     2014. However, they do not describe any specific day, month, or year
                     within that time period.
                     
                     Multiyear estimates require some considerations that single-year
                     estimates do not. For example, multiyear estimates released in
                     consecutive years consist mostly of overlapping years and shared data.
                     The 2010-2014 ACS 5-year estimates share sample data from 2011 through
                     2014 with the 2011-2015 ACS 5-year estimates. Because of this overlap,
                     users should use extreme caution in making comparisons with
                     consecutive years of multiyear estimates.
                     
                     Please see "Section 3: Understanding and Using ACS Single-Year and
                     Multiyear Estimates" on publication page 13 (file page 19) of the 2018
                     ACS General Handbook
                     (https://www.census.gov/content/dam/Census/library/publications/2018/acs/acs_general_handbook_2018.pdf)
                     for a more thorough clarification.

DATE                    VALUE
2009-01-01  85.10271866158199
2010-01-01  85.08113344635505
2011-01-01  84.22551928783383
2012-01-01  84.22114129790010
2013-01-01  83.59180774239375
2014-01-01  85.77004968062457
2015-01-01  85.92434483576426
2016-01-01  87.54337680985999
2017-01-01  87.61858428606179
2018-01-01  88.14660455994117
2019-01-01  87.21489335470349
2020-01-01  85.05391002602552
2021-01-01  85.59128893390732
2022-01-01  86.02865916069601