Cities Where the Most People Own Their Homes

More than 80% of Missouri City, Texas, homes are owned by their residents, as compared to just 62.0% of Texan homes. Most Missouri City households have an annual income of over $88,000 — well above the U.S. median household income of $57,562. Yet the city’s median home value of $171,000 is lower than the U.S. median home value of $193,500.

Sugar Land, Texas, like Missouri City, is a Houston-area city in which more than 80% of occupied homes are owned by their occupants. Area residents are likely better able to pay off their mortgages as indicators point to favorable economic conditions in the area. The annual unemployment rate in Sugar Land of 3.0% is below the national rate, and the median annual household income of $109,000 is nearly double the national median.

Half the houses in Fishers, Indiana, are worth less than $240,000. A quarter of homes, however, have a value between $300,000 and $500,000, and 8.3% are worth $500,000 or more. Fishers residents tend to have much higher incomes than across Indiana. The city’s $101,469 median annual household income is nearly double the state’s median of $52,182.

Bolingbrook, Illinois, is a suburb southwest of Chicago. Its residents have access to higher-paying jobs in the major city. Access to high-paying jobs in Chicago help explain Bolingbrook’s median household income of over $83,000 annually, as compared to the state median income of just over $61,000. These higher incomes make it easier to afford homes, which may explain why nearly 81% of Bolingbrook occupied homes are owned by their residents, as compared to Illinois’ home ownership rate of 66.1%.

Centennial, Colorado, homes are among the largest in the country, with a median of 7.6 rooms per home. The median U.S. home has 5.5 rooms. Residents of Centennial are likely able to buy homes because financial strain is relatively uncommon. Just 4.3% of residents live in poverty, compared to 14.6% nationwide, and the median annual household income is over $100,000.

Residents of O’Fallon tend to be much better off financially than those in Missouri as a whole, allowing them the financial flexibility to purchase their own homes instead of renting. The St. Louis-area city’s median annual household income of $84,580 is $33,000 higher than the state’s median.

Bowie, Maryland’s proximity to Washington, D.C. provides its residents access to many high-paying government and contracting positions. The city’s annual median household income is $108,637, more than $50,000 higher than the U.S. median. This financial flexibility allows residents to make large purchases, like a home.

The median home price in Yorba Linda, California, is nearly $800,000 — more than four times the median nationwide. Despite these high prices, homeownership is very high in Yorba Linda — 82.6% of homes in the city are occupied by their owner. Homeownership rates are likely boosted by the area’s relatively high median household income of $123,962, more than double the U.S. median.

Tinley Park is one of three Illinois cities in which more than 80% of occupied homes are lived in by their owner. Each of these cities is relatively close to Chicago and the lucrative jobs available there. At $223,100, the median home in Tinley Park is more expensive than the median home in Illinois, which is $179,700.

Nearly 85% of Bartlett, Tennessee, homes are owned by their residents, one of the highest homeownership rates in the country. In Bartlett, financial struggles are much less common than in Tennessee overall. The poverty rate of 6.7% is a full 10 percentage points lower than the state’s, and the median annual household income of $82,213 is well above Tennessee’s median of $48,700.

Nearly 85% of occupied homes in Livonia, Michigan, are owned by their residents, one of the highest homeownership rates in the country. Unlike the other cities on this list, very few of the homes in Livonia were built in 2000 or later, at just 4.0%. A very high share of Livonia’s homes, 31.6%, were built in the 1950s.

Maple Grove, Minnesota, residents are much less likely to experience economic hardships than those in most other cities. The poverty rate is just 4.2%, less than half of the 10.5% poverty rate in Minnesota and the 14.6% poverty rate in the United States. Also, most households in the city earn over $100,000 a year, which likely explains why most houses have over seven rooms. Nationwide, the median home has 5.5 rooms.

Estero, Florida, is one of just eight major cities in the United States in which more than 85% of occupied homes are owned by their residents. But unlike the rest of this list, Estero has a lot of vacant homes. Of the city’s 23,746 housing units, 38.7% sit vacant. It is important to note, however, that vacant homes are not considered when calculating the homeownership rate.

Generally, in the cities where the most homes are owned by their residents, the median home value is relatively high. This is not the case in Mentor, Ohio, where most homes sell for under $170,000, as compared to the U.S. median home value of $193,500. Mentor’s median home value, however, is still higher than the median home value across Ohio as a whole of $135,100.

Blaine, Minnesota, residents are among the most likely people in America to own the home they live in. The city seems to have a strong economy, with a median annual household income exceeding $80,000 and a poverty rate of 5.5%, both of which are highly favorable compared to national and state figures.

The median annual household income of Sammamish, Washington, of $157,271 is over $100,000 higher than the U.S. median. This is likely one of the reasons why Sammamish has a high homeownership rate of 86.3%, even though the value of homes in the area is much higher than the typical U.S. home.

Housing units in Flower Mound, Texas, are among the largest in the country, with a median of nearly eight rooms. This Dallas-area city has a median annual household income of $128,426, more than double the U.S. median of $57,562.

Just south of the Twin Cities, Lakeville, Minnesota, has a median annual household income of nearly $103,000, well above the state’s median of $65,699. Nearly 87% of Lakeville occupied homes are occupied by their owners, one of the highest homeownership rates in the country. Homes in this city tend to be larger and more expensive than American homes, with a $276,500 median value and a 7.5 room per home median. Nationwide, the typical home has a value of $193,500 and 5.5 rooms.

Residents of Rowlett, Texas, are much less likely to struggle financially than Texans as a whole. The city’s 6.7% poverty rate is well below the Texas poverty rate of 16.0%. Like many of the other cities on this list, Rowlett has very few new homes being built. Just 2.8% of Rowlett homes were built since 2010, but nearly 24% of homes in the city were built from 2000 to 2009.

Nearly 90% of all occupied homes in Orland Park, Illinois, are owned by their occupants, by far the highest homeownership rate in the country. Orland Park’s close proximity to Chicago allows residents access to the city’s numerous high-paying jobs. The median annual household income in the city of $85,802 is much higher than Illinois’ median of $61,229.