Two Measures of Homeownership, 2006-2024

Owner-occupancy rate and homeowners-to-population ratio: Knoxville, TN metro area

The owner-occupancy rate, commonly understood as the homeownership rate, is the share of occupied housing units where the owner is a resident. Alternatively, the homeowners-to-population ratio, or HPOP, reflects the share of the adult population that owns their home.
Chart: Hancen SaleSource: Hembre, E., Horowitz, B., & Xu, M. (2026). New homeownership measure puts people first. Federal Reserve Bank of Minneapolis. Accessed July 2026.Download imageCreated with Datawrapper