Homeownership and Education: Highly Educated Households Are Not Immune to Homeownership Declines
Frisco, Texas has the largest homeownership gap between education levels
Written by Eric Scharnhorst on October 4, 2016
The gap in the rate of homeownership between households with a bachelor’s degree or higher and those that didn’t graduate high school widened nationwide from 14 percent to 21 percent between 1995 and 2005. This was due to the college-educated group increasing their rate of homeownership while the group that didn’t graduate high school decreased their rate of homeownership.
In the last 10 years the declining rate of homeownership in the U.S. has been steady across levels of education
After the gap set in, it held steady for the last 10 years, even as the rate declined in lockstep across education levels. It’s as if the architects and the carpet installers have been running down a hill holding hands; they’re both getting closer to renting and further from buying at about the same pace.
https://www.redfin.com/blog/2016/10/homeownership-and-education.html