The American Community Survey Homeownership Rate is computed by dividing the number of households who own their residence by the total number of occupied housing units.
A housing unit is classified as occupied if (i) it is the current place of residence of the person or group of persons living in it at the time of interview or (ii) the occupants are only temporarily absent from the residence for two months or less (e.g., on vacation or a business trip). If all those staying in the unit at the time of the interview plan to stay there for two months or less, the unit is considered to be temporarily occupied and classified as “vacant.”
The date of the data is the end of the 5-year period. For example, a value dated 2015 represents data from 2010 to 2015. HideRead More