New York’s Staten Island — According to recently released data from the U.S. Census Bureau, Staten Islanders are not as likely as they once were to own their homes, defying a nationwide trend of increased home ownership rates.
According to data from the U.S. Census Bureau’s 2019–2023 American Community Survey (ACS) 5-year Estimates, an increasing number of Americans are home owners.
According to the data, there were 82.9 million owner-occupied housing units in the US in 2019–2023, up 8.4% from 76.4 million in 2014–2018.
Owners inhabited about 65% of all occupied dwelling units nationwide, with renters occupying the remaining 35%.
These figures are higher than the ACS 5-year Estimates for 2014–2018, which showed that 36.2% of units were occupied by renters and 63.8% of units were owned.
But according to the recently disclosed data, Staten Island seems to be moving in the opposite direction, with a growing percentage of units occupied by renters.
Notably, however, the borough’s house ownership rate is still marginally higher than the national average even if it is dropping.
The 2014-2018 ACS 5-year Estimates showed that roughly 69.7% of all occupied housing units on Staten Island were occupied by their owners, nearly six percentage points above the national average. Thirty-three percent were occupied by renters.
According to the most recent data, the borough’s house ownership rate fell to 67.9% between 2019 and 2023, while the renter-occupied rate rose to 32.1%. This indicates a recent movement of about two percentage points in favor of renters.
One possible explanation for the minor trend toward renting on Staten Island is that housing values have significantly increased, making it more expensive for borough residents to own their homes.
The median home value on Staten Island was $478,600 in the 2014–2018 ACS, but it increased by almost 38% to $658,500 in the 2019–2023 ACS.
According to data, the median home value increased by over 38%, which was far more than the national average, which increased by 21.7% from $249,400 to $303,400 during the same time period.
More Data Stories:
-
NYC has most expensive homes per square foot of any U.S. city, data shows
-
Deadliest cars on the road: Did your vehicle make the list?
-
This graph shows rising rent prices of Staten Island apartments, by number of bedrooms
-
Rent prices spiked nearly 60% in these Staten Island neighborhoods over past decade, data shows
-
Private health insurance costs in New York to jump nearly 20% in 2025, data shows
Note: Every piece of content is rigorously reviewed by our team of experienced writers and editors to ensure its accuracy. Our writers use credible sources and adhere to strict fact-checking protocols to verify all claims and data before publication. If an error is identified, we promptly correct it and strive for transparency in all updates, feel free to reach out to us via email. We appreciate your trust and support!
+ There are no comments
Add yours