Farmingdale borough: Homeownership Rate Trend
How Farmingdale borough's homeownership rate changed from 2017 to 2023, based on U.S. Census Bureau ACS 5-Year Estimates. The 2019 vintage reflects the pre-COVID peak; 2021 captures the immediate COVID-era disruption; 2022–2023 show the recovery.
2017
49.4%
2023
57.4%
Total change
+8.0 pp
% change
+16.2%
| Year | Homeownership Rate | Change |
|---|---|---|
| 2017 | 49.4% | — |
| 2019 | 49.9% | +0.5 pp (1%) |
| 2020 | 56.6% | +6.7 pp (13.4%) |
| 2021 | 59.3% | +2.7 pp (4.8%) |
| 2022 | 58.2% | -1.1 pp (-1.9%) |
| 2023 | 57.4% | -0.8 pp (-1.4%) |