Red Bank borough: Homeownership Rate Trend
How Red Bank 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
46.9%
2023
50.1%
Total change
+3.2 pp
% change
+6.8%
| Year | Homeownership Rate | Change |
|---|---|---|
| 2017 | 46.9% | — |
| 2019 | 48.6% | +1.7 pp (3.6%) |
| 2020 | 48.1% | -0.5 pp (-1%) |
| 2021 | 51.0% | +2.9 pp (6%) |
| 2022 | 51.8% | +0.8 pp (1.6%) |
| 2023 | 50.1% | -1.7 pp (-3.3%) |