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Story summary
- Minneapolis Federal Reserve researchers estimate nearly 14% of U.S. adults live in owner-occupied homes without owning them.
- The Census Bureau’s 65% homeownership rate contrasts with the Fed’s people-first adult ownership rate of about 53%.
- In 2024, adults under 35 headed households with a 37% unit-based ownership rate versus a 22% rate.
- Hawaii shows the largest gap—62% owner-occupied units versus 43% adult owners—while North Dakota’s gap is under 4 points, reflecting affordability.
