Michigan: Homeownership Rate Trend
How Michigan'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
71.0%
2023
72.9%
Total change
+1.9 pp
% change
+2.7%
| Year | Homeownership Rate | Change |
|---|---|---|
| 2017 | 71.0% | — |
| 2019 | 71.2% | +0.2 pp (0.3%) |
| 2020 | — | — |
| 2021 | 72.2% | — |
| 2022 | 72.5% | +0.3 pp (0.4%) |
| 2023 | 72.9% | +0.4 pp (0.6%) |