Just 55% of Californians own a home, third-lowest level in US

”Survey says” looks at various rankings and scorecards judging geographic locations while noting these grades are best seen as a mix of artful interpretation and data.

Buzz: The share of Californians living in a house they own didn’t budge during the pandemic era. That stagnation happened despite historically cheap mortgages and a feeding frenzy for houses.

Source: My trusty spreadsheet’s review of Census Bureau homeownership stats and Zillow home value indexes, comparing 2022’s nine-month averages vs. pre-pandemic 2019 levels.

Topline

In 2022, 54.8% of Californians lived in a home they owned. That ranked third-lowest level in the nation, just like 2019.

Equally disappointing is that the 54.8% statewide

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