Garwood borough: Homeownership Rate Trend
How Garwood 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
61.8%
2023
54.8%
Total change
-7.0 pp
% change
-11.3%
| Year | Homeownership Rate | Change |
|---|---|---|
| 2017 | 61.8% | — |
| 2019 | 58.9% | -2.9 pp (-4.7%) |
| 2020 | 57.4% | -1.5 pp (-2.5%) |
| 2021 | 54.3% | -3.1 pp (-5.4%) |
| 2022 | 51.1% | -3.2 pp (-5.9%) |
| 2023 | 54.8% | +3.7 pp (7.2%) |