Memphis city: Homeownership Rate Trend
How Memphis 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
59.3%
2023
71.8%
Total change
+12.5 pp
% change
+21.1%
| Year | Homeownership Rate | Change |
|---|---|---|
| 2017 | 59.3% | — |
| 2019 | 62.8% | +3.5 pp (5.9%) |
| 2020 | 64.6% | +1.8 pp (2.9%) |
| 2021 | 66.3% | +1.7 pp (2.6%) |
| 2022 | 67.3% | +1.0 pp (1.5%) |
| 2023 | 71.8% | +4.5 pp (6.7%) |