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Bakersfield Ranked 5th in the U.S. for Homeownership Rates Among Young Residents

Commercial Real Estate Services » Bakersfield Ranked 5th in the U.S. for Homeownership Rates Among Young Residents

On February 17th, 2021

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News & Media

Bakersfield Ranked 5th in the U.S. for Homeownership Rates Among Young Residents

The homeownership rate in America peaked at a little more than 69% in 2004 before falling to 63.7% in 2016, according to U.S. Census data. Despite the fact that it has rebounded to a little more than 65% in 2019 overall, only 36.4% of Americans younger than 35 own their homes. It may be easier in some places, though, for this young cohort to buy homes. To that end, SmartAsset crunched the numbers to find the cities where people younger than the age of 35 are most likely to own their own home – and to see where this number has gone up in recent years.

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