The latest homeownership rate declined to 65% in the second quarter of 2025, marking its lowest level since late 2019, according to the Census’s Housing Vacancy Survey (HVS). With mortgage interest rates remaining elevated and housing supply still tight, housing affordability is at a multidecade low. Compared to the peak of 69.2% in 2004, the homeownership rate is currently 4.2 percentage points lower and remains below the 25-year average rate of 66.3%.
Compared to the previous quarter, the homeownership rate dropped by 0.1 percentage point.[OD1] Additionally, homeownership rates dropped amongst almost all age groups. Householders aged 45-54 experienced the largest drop, declining by 1.9 percentage points from 71.1% to 69.2%. The 35-44 age group saw a 1.2 percentage point decrease, decreasing from 62.2% to 61%. Among younger households, the homeownership rate for those under 35 dropped 1percentage points to 36.4% in the second quarter of 2025, hovering near the lowest rate in the last 6 years. This age group, particularly sensitive to mortgage rates and the inventory of entry-level homes. However, homeownership rates for householders aged 55-64 and 65 years and over stayed unchanged from a year ago.
The national rental vacancy rate inched down to 7% for the second quarter of 2025, after steadily increasing since 2021. Meanwhile, the homeowner vacancy rate stayed at 1.1%, remaining near the survey’s 67-year low of 0.7%.
The housing stock-based HVS revealed that the count of total households increased to 132.5 million in the second quarter of 2025 from 131.3 million a year ago. This increase was driven entirely by renter household growth, which added 1.2 million new households. Meanwhile, the number of owner-occupied households declined by 39,000 over the same period.
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With its sophisticated and soothing blend of organic shapes, textures and materials, this neutral-toned living room embodies the earth element as well as the practical, grounded and patient astrological signs under its influence.
Steady Taurus treasures comfort, so you might find them spread out on the chaise in front of a roaring fire. The room’s efficient layout and floor-to-ceiling windows reinforce the order and clarity that Virgo craves. For Capricorn, who loves quiet luxury, the room boasts elegant furnishings, more of which you’ll see when clicking around the plan’s Dollhouse and Walkthrough views.
“We wanted to design a space that reflects the dependability and warmth of earth signs,” Foster Hurd says. “It’s a room where you can unwind, recharge and find comfort in timeless, natural materials.”
Foster Hurd created these and the other astrology-inspired spaces from scratch. But if you’re renovating an existing space, your designer or contractor can use the Houzz Pro app on their phone or tablet to scan the room (or rooms) and create a virtual model as a starting point for the new design. Pros then can adjust floor plans, create variations, share ideas and select products within the software. The latest AI-powered updates even allow pros to turn product photos into 3D models and use them in 3D floor plans.
Tour the floor plan