Homeownership Rate for Mississippi
MSHOWN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
75.80
Year-over-Year Change
2.16%
Date Range
1/1/1984 - 1/1/2024
Summary
The Homeownership Rate for Mississippi measures the percentage of occupied housing units in Mississippi that are owner-occupied. This metric is a key indicator of housing and economic conditions within the state.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Homeownership Rate for Mississippi represents the share of housing units in the state that are occupied by their owner. This statistic is widely used by economists, policymakers, and real estate analysts to assess housing market trends and the overall affordability of home ownership.
Methodology
The data is collected through the U.S. Census Bureau's Current Population Survey and American Community Survey.
Historical Context
Trends in the Mississippi homeownership rate are closely monitored for their implications on consumer spending, construction activity, and broader economic health.
Key Facts
- Mississippi's homeownership rate was 70.1% as of the latest data.
- Homeownership rates tend to be higher in the South than other U.S. regions.
- The rate has declined from a peak of 75.3% in 2005 due to the housing crisis.
FAQs
Q: What does this economic trend measure?
A: The Homeownership Rate for Mississippi measures the percentage of occupied housing units in the state that are owner-occupied, as opposed to renter-occupied.
Q: Why is this trend relevant for users or analysts?
A: The homeownership rate is a key indicator of housing market conditions and the overall affordability of home ownership within Mississippi. It has implications for consumer spending, construction activity, and broader economic health.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Current Population Survey and American Community Survey.
Q: How is this trend used in economic policy?
A: Trends in the Mississippi homeownership rate are closely monitored by economists, real estate analysts, and policymakers for insights into consumer behavior, housing affordability, and the broader state economy.
Q: Are there update delays or limitations?
A: The homeownership data for Mississippi is published quarterly with a lag of several months, so the most recent figures may not fully reflect the current housing market conditions.
Related Trends
Gross Domestic Product: Manufacturing (31-33) in Mississippi
MSMANNGSP
Management of Companies and Enterprises Wages and Salaries in Mississippi
MSWMAN
Residential Carbon Dioxide Emissions, Natural Gas for Mississippi
EMISSCO2TOTVRCNGMSA
Coefficient for Industrial Carbon Dioxide Emissions, Distillate Fuel for Mississippi
EMISSCO2CDFICBMSA
Rental Vacancy Rate for Mississippi
MSRVAC
90% Confidence Interval Lower Bound of Estimate of People Under Age 5 in Poverty for Mississippi
PECILB0T4MS28000A647NCEN
Citation
U.S. Federal Reserve, Homeownership Rate for Mississippi (MSHOWN), retrieved from FRED.