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MortgagePoint » Your Trusted Source for Mortgage Banking and Servicing News 78 May 2024 J O U R N A L » Percentage growth in median home value from 2019 to 2022: 28.00% » Percentage growth in median home value from 2012 to 2022: 111.27% 2. Minneapolis » Total number of occupied housing units: 1,483,453 » Share of housing units that were own- er-occupied in 2022: 70.54% » Share of housing units that were rent- er-occupied in 2022: 29.46% » Increase in share of owner-occupied housing units from 2019 to 2022: 0.38 percentage points » Increase in share of owner-occupied housing units from 2012 to 2022: 1.11 percentage points » Median home value: $359,800 » Percentage growth in median home value from 2019 to 2022: 26.47% » Percentage growth in median home value from 2012 to 2022: 76.63% 3. Pittsburgh » Total number of occupied housing units: 1,021,314 » Share of housing units that were own- er-occupied in 2022: 70.45% » Share of housing units that were rent- er-occupied in 2022: 29.55% » Increase in share of owner-occupied housing units from 2019 to 2022: 2.26 percentage points » Increase in share of owner-occupied housing units from 2012 to 2022: 1.00 percentage points » Median home value: $209,800 » Percentage growth in median home value from 2019 to 2022: 26.46% » Percentage growth in median home value from 2012 to 2022: 68.79% Top 10 Metros With the Lowest Homeownership Rates: 1. Los Angeles 2. New York 3. San Diego 4. San Jose, CA 5. San Fransisco 6. Las Vegas 7. Austin, TX 8. Seattle 9. Miami 10. Milwaukee Metros With the Lowest Homeownership Rates: 1. Los Angeles » Total number of occupied housing units: 4,500,951 » Share of housing units that were own- er-occupied in 2022: 47.94% » Share of housing units that were rent- er-occupied in 2022: 52.06% » Decrease in share of owner-occupied housing units from 2019 to 2022: -0.27 percentage points » Decrease in share of owner-occupied housing units from 2012 to 2022: -0.49 percentage points » Median home value: $847,400 » Percentage growth in median home value from 2019 to 2022: 27.07% » Percentage growth in median home value from 2012 to 2022: 97.76% 2. New York » Total number of occupied housing units: 7,478,571 » Share of housing units that were own- er-occupied in 2022: 51.72% » Share of housing units that were rent- er-occupied in 2022: 48.28% » Increase in share of owner-occupied housing units from 2019 to 2022: 0.87 percentage points » Increase in share of owner-occupied housing units from 2012 to 2022: 0.36 percentage points » Median home value: $578,800 » Percentage growth in median home value from 2019 to 2022: 19.86% » Percentage growth in median home value from 2012 to 2022: 44.70% 3. San Diego » Total number of occupied housing units: 1,172,343 » Share of housing units that were own- er-occupied in 2022: 54.53% » Share of housing units that were rent- er-occupied in 2022: 45.47% » Increase in share of owner-occupied housing units from 2019 to 2022: 0.70 percentage points » Increase in share of owner-occupied housing units from 2012 to 2022: 1.41 percentage points » Median home value: $846,600 » Percentage growth in median home value from 2019 to 2022: 36.70% » Percentage growth in median home value from 2012 to 2022: 119.10% Even While Facing Affordability Challenges, Homeowners Are Here to Stay According to LendingTree research, most of the country's main metro areas now have higher homeownership rates