Right now, Americans are finding themselves navigating two different living situations: to buy or to rent. A significant portion of the U.S. population is renting for a longer period of time whether due to financial or personal factors. But in Buckeye, homeownership is king as the West Valley city leads the nation with the highest percentage of homeowners.
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A recent report on real estate breaks down U.S. Census Bureau data from more than 300 cities to show the areas across the country home to the most renters and those with the most homeowners.
- Hartford, Connecticut is home to the most renters across the U.S. Over 3 in 4 (76.5%) people living in Hartford are renting.
- Western and Southern cities show higher rates of homeownership, with Buckeye, Arizona topping the list at 85.8% homeowners.
- New York City leads in long-term renters, with 5,188 per 100,000 residents renting for 25+ years.
Using U.S. Census Bureau data from more than 300 cities, we found the areas across the country home to the most renters and those with the most homeowners. Similar to our 2022 report findings, the Northeast remains home to many renters.
While the Northeast dominates the top 10 cities with the most renters, California is also home to several in the Top 20. Glendale, CA ranks #11 with 66.7% of renters, and Inglewood, CA comes in at #13 with 66.2%. Los Angeles and Costa Mesa also made it into the ranking.
Compared to our 2022 study, Buckeye, AZ and Port St. Lucie, FL remain the #1 and #2 cities with the most homeowners. The other top cities for homeowners include Rio Rancho, NM; Menifee, CA, Sugar Land, Texas; Palm Coast, FL; Surprise, AZ; Centennial, CO; and Naperville, IL.
