Richmond city: Homeownership Rate Trend
How Richmond 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
58.4%
2023
56.4%
Total change
-2.0 pp
% change
-3.4%
| Year | Homeownership Rate | Change |
|---|---|---|
| 2017 | 58.4% | — |
| 2019 | 56.3% | -2.1 pp (-3.6%) |
| 2020 | 56.1% | -0.2 pp (-0.4%) |
| 2021 | 57.2% | +1.1 pp (2%) |
| 2022 | 59.9% | +2.7 pp (4.7%) |
| 2023 | 56.4% | -3.5 pp (-5.8%) |