Melbourne city: Homeownership Rate Trend
How Melbourne 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
67.8%
2023
55.1%
Total change
-12.7 pp
% change
-18.7%
| Year | Homeownership Rate | Change |
|---|---|---|
| 2017 | 67.8% | — |
| 2019 | 64.1% | -3.7 pp (-5.5%) |
| 2020 | 59.7% | -4.4 pp (-6.9%) |
| 2021 | 59.5% | -0.2 pp (-0.3%) |
| 2022 | 56.4% | -3.1 pp (-5.2%) |
| 2023 | 55.1% | -1.3 pp (-2.3%) |