Gallup, NM Micro Area: Homeownership Rate Trend
How Gallup, NM Micro Area'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
71.5%
2023
68.8%
Total change
-2.7 pp
% change
-3.8%
| Year | Homeownership Rate | Change |
|---|---|---|
| 2017 | 71.5% | — |
| 2019 | 70.9% | -0.6 pp (-0.8%) |
| 2020 | 68.0% | -2.9 pp (-4.1%) |
| 2021 | 70.6% | +2.6 pp (3.8%) |
| 2022 | 71.9% | +1.3 pp (1.8%) |
| 2023 | 68.8% | -3.1 pp (-4.3%) |