Housing in Ohio
Owning a home has long been regarded as a sound method of gaining financial stability because housing values tend to be less volatile than stock prices and resilient during economic downturns. Data from the 2000 census reveal that a higher share of individuals owned their homes in the Midwest (which includes Ohio) than in any other area of the U.S. Historically, Ohio’s homeownership rates have exceeded the national average. While the 2000 census reported the highest homeownership rate on record for the nation as a whole, Ohio’s historical high point was the 1980 census. For Ohio, the 2000 census showed a higher homeownership rate than the 1990 census, but the latest rate is still 2 percentage points lower than in 1980.
Suggested citation: "Housing in Ohio," Federal Reserve Bank of Cleveland, Economic Trends, no. 02-09, pp. 14-15, 09.01.2002.