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Homeownership Rate

 
Business Dictionary: Homeownership Rate

The percentage ratio of owner-occupied dwelling units to total occupied dwelling units in an area. In 1989, the homeownership rate for the United States was 63.9%, indicating the proportion of all households owning the home in which they lived. Within the population, the rate varies greatly by age and type of household, with higher incidence for married and older households than for young singles.

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Business Dictionary. Dictionary of Business Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved.  Read more