MERIC NEWS LETTER

Missouri Ranks High Among Border States in Home Ownership

Missouri home ownership has risen since 2000 with more than seven out of ten homes being owned by their occupants in 2008. Home ownership in Missouri ranked 17th in the nation outpacing the national average and all but one of the border states.

Among its border states, Missouri ranked second with a 70.1 percent home ownership rate in 2008. Only Iowa (72.9%) had higher rate of home ownership.
 
 

Home Ownership Percentages Among Missouri's Border States
 Area 2008 % Ownership 2007 % Ownership 2000 % Ownership
Iowa 72.90% 73.70% 70.80%
Missouri 70.10% 70.70% 69.60%
Tennessee 69.80% 69.90% 68.60%
Kentucky 69.50% 70.70% 69.80%
Kansas 69.40% 70.20% 69.10%
Nebraska 69.30% 68.80% 66.30%
Illinois 69.30% 70.10% 66.70%
Arkansas 67.40% 67.70% 67.70%
Oklahoma 67.20% 68.20% 69.60%
United States 66.60% 67.20% 65.30%


Except for 2003 and 2004, Missouri home ownership has remained well above the national average.
 Homeownerchart US and Missouri Comparison
Missouri counties surveyed in 2007 and 2008 include some of the larger counties in the state. Jefferson County had the highest percentage of home ownership with 84.4 percent, followed by St. Charles County (82.5%). Others which ranked high included Christian (79.0%), Franklin (76.5%), and Cass (76.1%).

The largest increase in home ownership from 2007 to 2008 was Cole County with a 5.5 percent increase followed by Christian (3.7%) and Cape Girardeau (2.3%).


2007 -2008 Home Ownership 
 Area 2008 Total 2008 Owner Occupied % Home Ownership 2008 2007 Total 2007 Owner Occupied % Home Ownership 2007 %Change 07-08
United States 113,101,329 75,373,053 66.6% 112,377,977 75,515,104 67.2% -0.6%
Missouri 2,330,040 1,633,448 70.1% 2,309,626 1,632,012 70.7% -0.6%
Boone County 63,220 35,133 55.6% 63,938 37,286 58.3% -2.7%
Buchanan County 33,021 21,807 66.0% 33,671 22,984 68.3% -2.2%
Cape Girardeau County 29,288 20,011 68.3% 29,260 19,315 66.0% 2.3%
Cass County 36,455 27,728 76.1% 36,061 28,913 80.2% -4.1%
Christian County 27,796 21,950 79.0% 27,606 20,771 75.2% 3.7%
Clay County 80,708 58,290 72.2% 79,558 58,499 73.5% -1.3%
Cole County 29,532 20,156 68.3% 29,769 18,690 62.8% 5.5%
Franklin County 38,665 29,563 76.5% 37,322 27,992 75.0% 1.5%
Greene County 113,969 69,784 61.2% 111,316 71,794 64.5% -3.3%
Jackson County 275,542 175,845 63.8% 274,421 176,420 64.3% -0.5%
Jasper County 44,821 29,145 65.0% 43,354 29,056 67.0% -2.0%
Jefferson County 82,121 69,329 84.4% 79,481 66,801 84.0% 0.4%
Platte County 33,325 23,047 69.2% 32,842 22,275 67.8% 1.3%
St. Charles County 131,187 108,287 82.5% 127,197 107,739 84.7% -2.2%
St. Louis city 142,299 72,813 51.2% 141,559 71,725 50.7% 0.5%
St. Louis County 404,845 295,203 72.9% 401,493 298,122 74.3% -1.3%

Source: Us Census Bureau, American Community Survey


 

                               

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