Hermantown city: Homeownership Rate Trend
How Hermantown city'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
70.6%
2023
75.0%
Total change
+4.4 pp
% change
+6.2%
| Year | Homeownership Rate | Change |
|---|---|---|
| 2017 | 70.6% | — |
| 2019 | 76.3% | +5.7 pp (8.1%) |
| 2020 | 74.0% | -2.3 pp (-3%) |
| 2021 | 73.5% | -0.5 pp (-0.7%) |
| 2022 | 76.2% | +2.7 pp (3.7%) |
| 2023 | 75.0% | -1.2 pp (-1.6%) |