Homeownership Rate for Montana
MTHOWN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
71.90
Year-over-Year Change
6.05%
Date Range
1/1/1984 - 1/1/2024
Summary
The Homeownership Rate for Montana measures the percentage of housing units in Montana that are owner-occupied. This key metric provides insights into the state's housing market and economic conditions.
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 Montana tracks the proportion of occupied housing units that are owned by the resident, rather than rented. This statistic is closely monitored by economists and policymakers to understand home affordability, mortgage trends, and broader real estate activity in the state.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
Homeownership rates are a valuable indicator for housing policy, urban planning, and consumer lending analysis.
Key Facts
- Montana's homeownership rate is currently 68.3%.
- Homeownership rates tend to be higher in rural areas of the state.
- Rates have remained relatively stable over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Homeownership Rate for Montana measures the percentage of occupied housing units in the state that are owner-occupied versus rented.
Q: Why is this trend relevant for users or analysts?
A: Homeownership rates provide important insights into housing affordability, mortgage market activity, and broader economic conditions in Montana.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's American Community Survey.
Q: How is this trend used in economic policy?
A: Homeownership rates are closely monitored by policymakers, urban planners, and lending institutions to understand housing market dynamics and support policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually, with a several-month lag from the end of the reference period.
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Citation
U.S. Federal Reserve, Homeownership Rate for Montana (MTHOWN), retrieved from FRED.