Los Angeles and Orange counties last year had the nation’s lowest homeownership rate for the third time in a row while the Inland Empire hit an 11-year high. Census stats, highlighting long-running home affordability challenges, show 48.5% of L.A.-O.C. households living in residences they owned.
|Persons per household, 2015-2019||2.80|
|Living in same house 1 year ago, percent of persons age 1 year+, 2015-2019||88.4%|
|Language other than English spoken at home, percent of persons age 5 years+, 2015-2019||58.9%|
This measure looks at the number of renting households in Los Angeles County as a fraction of total Los Angeles County households. In 2019 54.58% of households were renters according to Census ACS data.
Especially in Los Angeles, where home prices are about three times higher than the national average, renting is significantly less expensive, as nearly 75% of the average home-owning Angelenos’ paychecks go toward mortgage payments. This is likely—or at least part of—why the majority of people living in LA are renters.
|Ethnic Origin||2010 Census|
|Hispanic or Latino||4,687,889||100.00%|
|Persons 65 years and over, percent|| 14.8%|
|Female persons, percent|| 50.3%|
|Race and Hispanic Origin|
|White alone, percent|| 71.9%|
|Female persons, percent|| 50.7%|
|Race and Hispanic Origin|
|White alone, percent|| 70.7%|
|Black or African American alone, percent(a)|| 9.0%|
|Total Vehicles In Urbanized Area||Vehicles per Person|
- Cincinnati, Ohio. Percentage of renters: 62.0. …
- Rochester, New York. Percentage of renters: 62.1. …
- Athens-Clarke County, Georgia. Percentage of renters: 62.2. …
- El Cajon, California. …
- El Monte, California. …
- Gainesville, Florida. …
- Cambridge, Massachusetts. …
- San Franciso, California.
College Station-Bryan, Texas tops the list with a renter population of 59.1%, followed by Athens-Clarke County, Ga. at 57.5% and Killeen, Texas at 56.0%.
There are 79.36 million owner-occupied homes in the US.
|Rank||Square footage (Square meterage)||Owner|
|1||178,926 sq ft (16,622.8 m2)||The Biltmore Company|
|2||109,000 sq ft (10,100 m2)||Gary Melius|
|3||105,000 sq ft (9,800 m2)||Nile Niami|
|4||100,000 sq ft (9,300 m2)||(demolished in 1980)|
Annual SalaryWeekly PayTop Earners$95,292$1,83275th Percentile$78,351$1,506Average$68,118$1,30925th Percentile$52,410$1,007
The typical home value of homes in Los Angeles is $921,494. This value is seasonally adjusted and only includes the middle price tier of homes. Los Angeles home values have gone up 15.9% over the past year.
RegularMidYesterday Avg.$4.675$4.859Week Ago Avg.$4.679$4.865Month Ago Avg.$4.716$4.900Year Ago Avg.$3.212$3.376
In fact, farms and ranches occupy roughly 90 percent of its lands. So, it should come as no surprise that homeowners put down roots here (literally and figuratively). Roughly 48 percent (47.9, to be exact) of all owner-occupied homes are mortgage-free.
California’s average homeownership rate decreased slightly to 54.8% in 2019. This was down from the homeownership rate of 55.2% experienced in the prior year. After trending down from its 60.7% peak in 2006 to its present level near 55%, the homeownership rate has finally stabilized at a normative level for the state.
The racial makeup of the county is 48.7% White 11.0% African American, 0.8% Native American, 10.0% Asian, 0.3% Pacific Islander, 23.5% from other races, and 4.9% from two or more races. 44.6% of the population are Hispanic or Latino of any race.
According to 2018 US Census Bureau estimates, California’s population was 59.5% White (36.6% Non-Hispanic White), 14.7% Asian, 13.8% Some Other Race, 5.8% Black or African American, 0.8% Native American and Alaskan Native, 0.4% Pacific Islander and 5.1% from two or more races.
New York city had the largest number of people reporting as Black with about 2.3 million, followed by Chicago, 1.1 million, and Detroit, Philadelphia and Houston, which had between 500,000 and 1 million each.
The Latino population in California (84%) and Texas (83%) is overwhelmingly Mexican. There is also a Central American presence in these two states (9% and 5%, respectively), however it is much smaller.
Texas Demographics According to the most recent ACS, the racial composition of Texaswas: White: 73.97% Black or African American: 12.13% Other race: 5.82%
Most minority groups in the United States experience homelessness at higher rates than Whites, and therefore make up a disproportionate share of the homeless population: African Americans make up more than 40% of the homeless population, but represent 13 percent of the general population.
Among the religions practiced in Los Angeles, Christianity is the most common (65%). … Catholic followers account for 32% whereas Protestants account for 30% of the Christian population. A considerable percentage of people do not affiliate themselves with any religion with 4% identifying as atheists and 4% as agnostics.
There are more cars than people in Los Angeles. … According to FBI figures, there were 228 million guns in the US in 1998, and only 208 million cars.
In January, Mayor Eric Garcetti identified 62,851 EVs registered within the city, less than 1% of the vehicle population. The city has already committed to going to an all-electric fleet of government vehicles by 2028.
Most Expensive City for Rent in the US Los Angeles is the most expensive city in the United States for rent, with the average rent price of $2,600. Angelinos also pay the highest percentage of their income on rent at 23.9%. Additionally, four of the top five most expensive cities for rent are in California.
New York City is now the most expensive rental market in the nation, finally surpassing San Francisco. The median rent for a one-bedroom apartment in New York City is now $2,810, and in San Francisco it is $2,800. Since January, New York rents have jumped nearly 20%, but San Francisco rent is up by only about 5%.
RankCityAverage 1BR Rent1Culver City, CA$5,2072New York, NY$4,5103Ventura, CA$4,3414Hollywood, CA$4,167
- Mississippi. Cost of Living Index: 84.8 Grocery Cost Index: 93.1. …
- Oklahoma. Cost of Living Index: 86.8 Grocery Cost Index: 94.1. …
- Arkansas. Cost of Living Index: 87.8 Grocery Cost Index: 90.7. …
- Kansas. …
- Missouri. …
- Georgia. …
- Alabama. …
- New Mexico.
- Mississippi. Mississippi is the cheapest state to buy a home in with a median home value of $114,500. …
- West Virginia. West Virginia is the second-cheapest state to buy a home. …
- Arkansas. Arkansas’s median home value is about $123,300, the third-lowest in the country. …
- Oklahoma. …
- Kentucky. …
- Indiana. …
- Alabama. …
RankCity1BR Average Rent1Lawton, OK$5502Terre Haute, IN$5573Elyria, OH$5824Brownsville, TX$585
How many households are there in the US? As of 2020, there were 128.45 million households in the US. If the average growth rate holds, the number of US households would be around 132 million by the end of 2021.
According to our real-life studies, turns out most people can expect to own three homes during their lifetimes. Home #1: Statistics show the average age at which Americans purchase their first home is 27.
The homeownership rate among Americans under 35 years was 37.8 percent in the second quarter of 2021. In contrast, almost 80 percent of those aged 65 and older owned their home. The homeownership rate is the proportion of occupied households which are occupied by the owners.