Summary
A study by the National Association of Realtors (NAR) shows which jobs are most likely to own homes in the U.S. Management and business professionals have the highest homeownership rates, while service workers have the lowest. Factors like job location and housing costs also influence homeownership rates.
Key Facts
- Management and business professionals have around 72% homeownership in 2024.
- Education and social service workers have a 67.3% homeownership rate.
- STEM workers' homeownership dropped from 69.2% in 2014 to 67.2% in 2024 due to high housing costs.
- Health care workers’ homeownership increased to 62.2% in 2024.
- Sales and real estate workers saw their homeownership go up to 63.3%.
- Service workers have the lowest homeownership rate at 45.5% in 2024.
- Job location affects homeownership; affordable areas offer better opportunities.
- High homeownership rates for specific jobs are found in regions like Myrtle Beach, SC, and Ocala, FL.
