Paramus borough: Homeownership Rate Trend
How Paramus 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
87.4%
2023
81.7%
Total change
-5.7 pp
% change
-6.5%
| Year | Homeownership Rate | Change |
|---|---|---|
| 2017 | 87.4% | — |
| 2019 | 85.9% | -1.5 pp (-1.7%) |
| 2020 | 82.6% | -3.3 pp (-3.8%) |
| 2021 | 81.4% | -1.2 pp (-1.5%) |
| 2022 | 81.5% | +0.1 pp (0.1%) |
| 2023 | 81.7% | +0.2 pp (0.2%) |