These are the U.S. cities with lowest homeownership rates. See where Miami ranks
For the first time in nearly a decade, homeownership in the United States has dipped year-over-year, albeit just slightly.
New data from the Census Bureau and analysis by the real estate brokerage and technology firm Redfin show the major U.S. metro areas where residents are most and least able to purchase homes.
Florida cities made both the top and bottom 10. Miami has the ninth-lowest rate of homeownership of the country’s 75 largest metropolitan areas. Roughly 58% of Miamians own their homes, down from 63% a year ago.
Meanwhile, the cities of North Port and Cape Coral in Southwest Florida had the highest and fourth-highest rates, respectively, of homeownership in the country.
READ MORE: Miami ranks low for homeownership among big U.S. cities. Here’s why
This story was produced with financial support from supporters including The Green Family Foundation Trust and Ken O’Keefe, in partnership with Journalism Funding Partners. The Miami Herald maintains full editorial control of this work.
