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探花精选

Facts + Statistics: Homeowners and renters insurance

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Homeowners insurance premiums

The average homeowners insurance premium rose by 11.2 percent in 2022 from 2021, according to a May 2025 study by the , the latest data available. The average renters insurance premium rose by 0.6 percent in 2022 breaking seven consecutive annual declines.听

Home inventories

According to a 2023 Triple-I/Munich Re Consumer Survey, 47 percent of homeowners said they prepared an inventory of their possessions to help document losses for their insurers.

Causes of homeowners insurance losses

In 2021, 5.3 percent of insured homes had a claim, according to ISO. Property damage, including theft, accounted for 97.8 percent of homeowners insurance claims in 2022 (latest data available). Changes in the percentage of each type of homeowners loss from one year to another are partially influenced by large fluctuations in the number and severity of weather-related events such as hurricanes and winter storms. There are two ways of looking at losses: by the average number of claims filed per 100 policies (frequency) and by the average amount paid for each claim (severity). The loss category 鈥渨ater damage and freezing鈥 includes damage caused by mold, if covered.

Homeowners 探花精选 Losses, 2018-2022 (1)

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Year Claim frequency (2) Claim severity (3) Year Claim frequency (2) Claim severity (3)
2018 6.31 $14,579 2021 5.39 16,801
2019 5.39 14,090 2022 5.45 18,311
2020 6.45 15,053 Average (4) 5.79 15,749

(1) For homeowners multiple peril policies (HO-2, HO-3, HO-5 and HE-7 for North Carolina). Excludes tenants and condominium policies. Excludes Alaska, Texas and Puerto Rico.
(2) Claims per 100 house-years (policies). One house-year represents policy coverage on a dwelling for 12 months.
(3) Average amount paid per claim; based on accident year incurred losses, excluding loss adjustment expenses, i.e., indemnity costs per accident year incurred claims.
(4) Weighted average, 2018-2022.

Source: ISO庐, a Verisk Analytics庐 business.

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  • In 2022, 5.5 percent of insured homes experienced a claim, compared with 6.5 percent in 2020.听

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Homeowners 探花精选 Losses By Cause, 2018-2022 (1)

(Percent of losses incurred)

Cause of loss 2018 2019 2020 2021 2022
Property damage (2) 97.4% 96.7% 97.2% 97.0% 97.8%
听听听听 Wind and hail 40.5 38.3 48.3 39.8 40.7
听听听听 Water damage and freezing 24.0 29.0 19.6 23.4 27.6
听听听听 Fire and lightning听 25.4 21.1 21.1 23.3 21.9
听听听听 Theft 1.0 1.0 0.6 0.7 0.7
听听听听 All other property damage (3) 6.5 7.2 7.6 9.8 6.9
Liability (4) 2.5% 3.3% 2.8% 2.9% 2.1%
听听听听 Bodily injury and property damage 2.3 2.9 2.4 2.4 1.6
听听听听 Medical payments and other 0.2 0.4 0.4 0.5 0.5
Credit card and other (5) 0.1 0.1 0.1 0.1 0.1
Total 100.0% 100.0% 100.0% 100.0% 100.0%

(1) For homeowners multiple peril policies (HO-2, HO-3, HO-5 and HE-7 for North Carolina). Excludes tenants and condominium owners policies. Excludes Alaska, Texas and Puerto Rico.
(2) First party, i.e., covers damage to policyholder's own property.
(3) Includes vandalism and malicious mischief.
(4) Payments to others for which policyholder is responsible.
(5) Includes coverage for unauthorized use of various cards, forgery, counterfeit money and losses not otherwise classified.

Source: ISO庐, a Verisk Analytics庐 business.

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Average Homeowners Losses, 2018-2022 (1)

(Weighted average, 2018-2022)

Cause of loss Claim frequency (2) Claim severity (3)
Property Damage (4) 5.69 $15,570
听听听听 Fire and lightning 0.24 83,991
听听听听 Water damage and freezing 1.61 13,954
听听听听 Wind and hail 2.82 13,511
听听听听 Theft 0.14 5,024
听听听听 All other (5) 0.89 7,798
Liability (6) 0.09 $26,175
听听听听 Bodily injury and property damage 0.07 31,690
听听听听 Medical payments and other 0.03 13,081
听听听听 Credit card and other (7) (8) $34,183
Average (property damage
and liability), 2018-2022		 5.79 $15,747

(1) For homeowners multiple peril policies (HO-2, HO-3, HO-5 and HE-7 for North Carolina). Excludes tenants and condominium owners policies. Excludes Alaska, Texas and Puerto Rico.
(2) Claims per 100 house years (policies).
(3) Accident year incurred losses, excluding loss adjustment expenses, i.e., indemnity costs per accident year incurred claims.
(4) First party, i.e., covers damage to policyholder's own property.
(5) Includes vandalism and malicious mischief.
(6) Payments to others for which policyholder is responsible.
(7) Includes coverage for unauthorized use of various cards, forgery, counterfeit money and losses not otherwise classified.
(8) Less than 0.01.
(9) Claim severity for credit card and other is significantly lower than was shown in previous years due to a change in the companies surveyed to produce the data. The new selection of companies use different exclusions which have been applied throughout the five years used in this chart.

Source: ISO庐, a Verisk Analytics庐 business.

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  • In the five-year period, 2018-2022, 5.8 percent of insured homes had a claim. Wind and hail accounted for the largest share of claims, with 2.8 percent of insured homes having such a loss, followed by water damage and freezing with 1.6 percent of homes having a loss.

Homeowners 探花精选 Non-Catastrophe Fire Losses, Severity And Frequency, 2020-2024 (1)

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Year Claim frequency (2) Claim severity (3) Year Claim frequency (2) Claim severity (3)
2020 0.15 $99,613 2023 0.14 144,328
2021 0.15 115,785 2024 0.13 173,111
2022 0.16 127,316 Average (4) 0.14 $130,752

(1) For homeowners multiple peril policies (HO-2, HO-3, HO-5 and HE-7 for North Carolina). Excludes tenants and condominium policies. Excludes Alaska, Texas and Puerto Rico.
(2) Claims per 100 house-years (policies). One house-year represents policy coverage on a dwelling for 12 months.
(3) Average amount paid per claim; based on accident year incurred losses, excluding loss adjustment expenses, i.e., indemnity costs per accident year incurred claims.
(4) Weighted average, 2020-2024.

Source: ISO, a Verisk Analytics business.

Homeowners 探花精选 Claims Frequency*

Each year,

  • About one in 35 insured homes has a property damage claim related to wind or hail.听
  • About one in 60 insured homes has a property damage claim caused by water damage or freezing.听
  • About one in 425 insured homes has a property damage claim related to fire and lightning.听
  • About one in 700 insured homes has a property damage claim due to theft听
  • About one in 1,100 homeowners policies has a liability claim related to the cost of lawsuits for bodily injury or property damage that the policyholder or family members cause to others.听

*探花精选 Information Institute calculations, based on ISO庐, a Verisk Analytics庐 business, data for homeowners insurance claims from 2018-2020 (see table above).

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Consumer prices

To shed light on inflation, the Bureau of Labor Statistics maintains a consumer price index (CPI) which tracks monthly and annual changes in the average prices paid by urban consumers for a representative basket of goods and services. The Consumer Price Index for All Urban Consumers (CPI-U) represents data for 93 percent of the U.S. population not living in remove rural areas, institutions, or on military bases. The CPI-U rose 2.9 percent in 2024. The cost of motor vehicle insurance for these consumers increased 17.8 percent in 2024 while the cost of used cars and trucks decreased -6.0 percent.

Consumer Price Indices For 探花精选 And Related Items And Annual Rates Of Change, 2015-2024 (Cont'd)

(Base: 1982-84=100)

听 Used cars and trucks Tenants and
household insurance (3), (5)		 Repair of
household items (3), (6)		 Legal services (4) Existing single-
family homes
Year Index听 Percent change Index听 Percent change Index听 Percent change Index听 Percent change Median price ($000)听 Percent change
2015 147.1 -1.3% 146.4 3.2% 220.1 3.6% 323.6 1.6% 223.9 7.5%
2016 143.5 -2.5 147.7 0.9 226.3 2.8 334.5 3.4 235.5 5.2
2017 138.3 -3.6 148.8 0.7 239.3 5.8 346.4 3.6 248.8 5.6
2018 138.4 0.1 150.7 1.3 253.7 6.0 361.2 4.3 261.6 5.1
2019 139.8 1.0 151.8 0.7 268.7 5.9 364.8 1.0 274.6 5.0
2020 144.2 3.2 151.1 -0.5 270.0 0.5 368.7 1.1 300.2 9.3
2021 182.6 26.6 150.7 -0.3 NA NA 374.4 1.5 357.1 19.0
2022 205.9 12.7 150.5 -0.1 NA NA 399.4 6.7 392.8 10.0
2023 191.2 -7.1 153.3 1.8 352.6 NA 432.9 8.4 394.1 0.3
2024 179.8 -6.0 158.3 3.3 NA NA NA NA 412.4 4.6
Percent change
2015-2024		 听 22.2% 听 8.1% 听 NA 听 NA 听 84.2%

(1) December 1996=100.
(2) December 1983=100.
(3) December 1997=100.
(4) December 1986=100.
(5) Only includes insurance covering rental properties.
(6) Includes appliances, reupholstery and inside home maintenance.

NA = Data not available

Note: Percent changes are calculated from unrounded data.

Source: U.S. Department of Labor, Bureau of Labor Statistics; Copyright 漏2025 鈥淒ecember Existing Home Sales.鈥 NATIONAL ASSOCIATION OF REALTORS庐. All rights reserved. Reprinted with permission. February 7, 2025, .

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Premiums for homeowners and renters insurance

Average Premiums For Homeowners And Renters 探花精选, 2013-2022 (1)

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Year Homeowners (2) Percent change Renters (3)听 Percent change
2013 $1,096 6.0% $188 0.5%
2014 1,132 3.3 190 1.1
2015 1,173 3.6 188 -1.1
2016 1,192 1.6 185 -1.6
2017 1,211 1.6 180 -2.7
2018 1,249 3.1 179 -0.6
2019 1,272 1.8 174 -2.8
2020 1,311 3.1 173 -0.6
2021 1,411 7.6 170 -1.7
2022 1,569 11.2 171 0.6

(1) Includes state funds, residual markets and some wind pools.
(2) Based on the HO-3 homeowner package policy for owner-occupied dwellings, 1 to 4 family units. Provides all risks coverage (except those specifically excluded in the policy) on buildings and broad named-peril coverage on personal property, and is the most common package written.
(3) Based on the HO-4 renters insurance policy for tenants. Includes broad named-peril coverage for the personal property of tenants.

Source: National Association of 探花精选 Commissioners (NAIC). Further reprint or distribution strictly prohibited without written permission of NAIC.

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Average Premiums For Homeowners And Renters 探花精选 By State, 2022 (1)

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听 Homeowners Renters 听 Homeowners Renters
State Average
premium (2)		 Rank (3) Average
premium (4)		 Rank (3) State Average
premium (2)		 Rank (3) Average
premium (4)		 Rank (3)
Alabama $1,748 13 $219 3 Montana $1,639 17 $156 31
Alaska 1,129 38 186 9 Nebraska 1,869 9 144 45
Arizona 1,018 45 163 25 Nevada 948 49 174 16
Arkansas 1,740 14 205 5 New Hampshire 1,188 36 150 40
California (5) 1,492 23 169 22 New Jersey 1,417 26 151 37
Colorado 2,079 5 158 30 New Mexico 1,322 33 177 14
Connecticut 1,814 10 175 15 New York 1,628 18 169 22
Delaware 1,103 42 147 41 North Carolina 1,621 19 170 21
D.C. 1,384 28 153 35 North Dakota 1,325 32 123 51
Florida 2,677 1 181 11 Ohio 995 47 160 27
Georgia 1,655 16 205 5 Oklahoma 2,268 4 216 4
Hawaii 1,431 25 174 16 Oregon 893 51 155 32
Idaho 1,002 46 147 41 Pennsylvania 1,120 39 151 37
Illinois 1,343 30 151 37 Rhode Island 2,074 6 181 11
Indiana 1,191 35 168 24 South Carolina 1,571 22 186 9
Iowa 1,268 34 144 45 South Dakota 1,756 12 129 50
Kansas 1,583 21 159 28 Tennessee 1,492 23 187 8
Kentucky 1,359 29 159 28 Texas (6) 2,397 3 199 7
Louisiana 2,603 2 243 2 Utah 937 50 145 43
Maine 1,077 43 145 43 Vermont 1,109 41 154 34
Maryland 1,392 27 155 32 Virginia 1,332 31 152 36
Massachusetts 1,871 8 173 18 Washington 1,151 37 162 26
Michigan 1,056 44 180 13 West Virginia 1,113 40 173 18
Minnesota 1,774 11 135 49 Wisconsin 957 48 141 48
Mississippi 1,907 7 262 1 Wyoming 1,596 20 142 47
Missouri 1,668 15 173 18 United States $1,569 听 $171 听

(1) Includes state funds, residual markets and some wind pools.
(2) Based on the HO-3 homeowner package policy for owner-occupied dwellings, 1 to 4 family units. Provides all risks coverage (except those specifically excluded in the policy) on buildings and broad named-peril coverage on personal property, and is the most common package written.
(3) Ranked from highest to lowest. States with the same premium receive the same rank.
(4) Based on the HO-4 renters insurance policy for tenants. Includes broad named-peril coverage for the personal property of tenants.
(5) Data provided by the California Department of 探花精选.
(6) Texas data were obtained from the Texas Department of 探花精选.

Note: Average premium=Premiums/exposure per house years. A house year is equal to 365 days of insured coverage for a single dwelling. The NAIC does not rank state average premiums and does not endorse any conclusions drawn from this data.

Source: National Association of 探花精选 Commissioners (NAIC). Further reprint or distribution strictly prohibited without written permission of NAIC.

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Top 10 Most Expensive And Least Expensive States For Homeowners 探花精选 Premiums, 2022 (1)

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Rank (2) Most expensive states Average premium (3) Rank (2) Least expensive states Average premium (3)
1 Florida $2,677 1 Oregon $893
2 Louisiana 2,603 2 Utah 937
3 Texas (4) 2,397 3 Nevada 948
4 Oklahoma 2,268 4 Wisconsin 957
5 Colorado 2,079 5 Ohio 995
6 Rhode Island 2,074 6 Idaho 1,002
7 Mississippi 1,907 7 Arizona 1,018
8 Massachusetts 1,871 8 Michigan 1,056
9 Nebraska 1,869 9 Maine 1,077
10 Connecticut 1,814 10 Delaware 1,103

(1) Includes state funds, residual markets and some wind pools.
(2) Based on the HO-3 homeowner package policy for owner-occupied dwellings, 1 to 4 family units. Provides all risks coverage (except those specifically excluded in the policy) on buildings and broad named-peril coverage on personal property, and is the most common package written.
(3) Ranked from highest to lowest. States with the same premium receive the same rank.
(4) Texas data were obtained from the Texas Department of 探花精选.

Note: Average premium=Premiums/exposure per house years. A house year is equal to 365 days of insured coverage for a single dwelling. The NAIC does not rank state average premiums and does not endorse any conclusions drawn from this data.

Source: National Association of 探花精选 Commissioners (NAIC). Further reprint or distribution strictly prohibited without written permission of NAIC.

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Top 10 Writers Of Homeowners 探花精选 By Direct Premiums Written, 2024

($000)

Rank Group/company Direct premiums written (1) Market share (2)
1 State Farm $31,461,022 18.2%
2 Allstate Corp. 15,489,753 9.0
3 USAA 探花精选 Group 11,902,997 6.9
4 Liberty Mutual 10,610,141 6.1
5 Farmers 探花精选 Group of Companies 9,516,235 5.5
6 American Family 探花精选 Group 8,618,179 5.0
7 Travelers Companies Inc. 8,153,827 4.7
8 Chubb Ltd. 4,389,291 2.5
9 Nationwide Mutual Group 3,726,471 2.2
10 Auto-Owners 探花精选 3,331,923 1.9

(1) Before reinsurance transactions, includes state funds.
(2) Based on U.S. total, excluding territories.

Source: NAIC data, sourced from S&P Global Market Intelligence, 探花精选 Information Institute.

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Homeowners 探花精选 Industry Underwriting Expenses, 2024 (1)

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Expense Percent of premiums
Losses and related expenses (2) 听
Loss and loss adjustment expense (LAE) ratio 73.4%
听听听听Incurred losses 65.2
听听听听Defense and cost containment expenses incurred 1.5
听听听听Adjusting and other expenses incurred 6.6
Operating expenses (3) 听
Expense ratio 26.0%
听听听听Net commissions and brokerage expenses incurred 11.6
听听听听Taxes, licenses and fees 2.7
听听听听Other acquisition and field supervision expenses incurred 6.5
听听听听General expenses incurred 5.1
Dividends to policyholders (2) 0.4%
Combined ratio after dividends (4) 99.7%

(1) After reinsurance transactions.
(2) As a percent of net premiums earned ($135.6 billion in 2024).
(3) As a percent of net premiums written ($145.7 billion in 2024).
(4) Sum of loss and LAE, expense and dividends ratios. Calculated from unrounded data.听

Source: NAIC data, sourced from S&P Global Market Intelligence, 探花精选 Information Institute.听

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Home injuries

In 2022, 36.1 million Americans鈥痚xperienced an unintentional injury in the home鈥痶hat required aid from a medical professional, according to an analysis by the . There were 128,800 deaths from this type of injury in 2022, up 0.5 percent from 2021. The overall death rate remained at 38.6 deaths per 100,000 people in 2022, an increase from 28 deaths per 100,000 people in 1912.听 Poisonings and falls are driving the boom, making up a combined 87 percent of unintentional injury deaths.听

Unintentional Home Deaths And Injuries, 2022

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Deaths 128,800
Medically consulted injuries 36,100,000
Death rate per 100,000 population 38.6

Source:

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High-risk markets

A myriad of different programs across the United States provide insurance to owners of property in high-risk areas who may have difficulty obtaining coverage from the standard insurance market. Residual, shared or involuntary market programs make basic insurance coverage more readily available. Today, property insurance for the residual market is provided by Fair Access to 探花精选 Requirements (FAIR) plans, beach and windstorm plans, and two state-run insurance companies in Florida and Louisiana: Florida鈥檚 Citizens Property 探花精选 Corp. and Louisiana鈥檚 Citizens Property 探花精选 Corp. Established in the late 1960s to ensure the continued provision of insurance in urban areas, FAIR plans often provide property insurance in both urban and coastal areas. Beach and windstorm plans cover predominantly wind-only risks in designated coastal areas. Over the past four decades FAIR and beach and windstorm plans experienced explosive growth both in the number of policies and in exposure value.

探花精选 Provided By FAIR Plans, Fiscal Years 2015-2024 (1)

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听 Number of policies 听 听
State Habitational Commercial Total Exposure (2)
($000)		 Direct premiums
written ($000)
2015 1,728,423 51,443 1,779,866 $373,829,442 $2,198,182
2016 1,498,430 37,522 1,535,952 343,141,990 1,865,744
2017 1,449,312 29,641 1,478,953 327,209,703 1,747,336
2018 1,339,004 24,484 1,363,488 324,765,281 1,694,115
2019 1,370,999 25,776 1,396,775 350,545,986 1,506,609
2020 1,474,616 22,645 1,497,261 424,815,716 2,196,042
2021 1,729,208 24,352 1,753,560 556,808,169 3,012,193
2022 2,244,317 35,059 2,279,376 837,330,722 4,951,815
2023 2,657,457 47,593 2,705,050 1,068,082,544 7,379,977
2024 2,630,055 54,870 2,684,925 1,100,712,246 7,648,762

(1) Includes the Texas FAIR Plan; Florida鈥檚 Citizens Property 探花精选 Corporation, which includes FAIR and Beach Plans; the Louisiana Citizens Property 探花精选 Corporation, which includes FAIR and Beach Plans听and premiums written after 2007; and North Carolina after 2010.
(2) Exposure is the estimate of the aggregate value of all insurance in force in all FAIR Plans in all lines (except liability, where applicable, and crime) for 12 months ending September through December.

Source: Property 探花精选 Plans Service Office (PIPSO).

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探花精选 Provided By Fair Plans By State, Fiscal Year 2024 (1)

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听 Number of policies 听 听
State Habitational Commercial Total Exposure (2)
($000)		 Direct premiums
written ($000)
California 417,310 13,990 431,300 $429,840,251 $1,415,750
Connecticut听 1,187 53 1,240 304,240 1,842
Delaware 1,170 57 1,227 249,532 607
D.C. 116 18 134 70,977 194
Florida (3) 1,321,953 13,564 1,335,517 385,821,636 4,597,890
Georgia 8,778 638 9,416 2,200,620 16,250
Hawaii 2,402 (4) 2,402 928,919 5,565
Illinois 1,961 62 2,023 370,022 4,346
Indiana 810 30 840 1,817 1,767
Iowa 1,021 22 1,043 85,679 1,140
Kansas 11,507 209 11,716 949 9,412
Kentucky 4,102 175 4,277 206,094 2,551
Louisiana (3) 151,075 10,572 161,647 41,714,468 518,277
Maryland 678 44 722 326,557 854
Massachusetts 213,928 230 214,158 115,570,275 400,850
Michigan 15,981 293 16,274 2,599,502 13,850
Minnesota 4,160 101 4,261 457,440 4,542
Mississippi 2,237 (4) 2,237 137,658 1,769
Missouri 2,041 84 2,125 198,262 2,354
New Jersey 7,029 173 7,202 1,194,598 5,535
New Mexico 7,506 306 7,812 950,673 5,956
New York 20,669 1,556 22,225 7,633,000 32,265
North Carolina 235,990 10,165 246,155 57,330,647 278,203
Ohio 13,942 466 14,408 5,922,806 18,034
Oregon 2,377 170 2,547 840,983 3,067
Pennsylvania 8,982 984 9,966 1,327,698 5,345
Rhode Island 16,029 109 16,138 6,138,905 36,730
Texas 126,680 (4) 126,680 32,930,398 237,277
Virginia 22,622 503 23,125 4,291,002 20,855
Washington 306 55 361 176,330 858
West Virginia 260 43 303 30,032 274
Wisconsin 5,246 198 5,444 860,276 4,553
Total 2,630,055 54,870 2,684,925 $1,100,712,246 $7,648,762

(1) Excludes the FAIR Plans of Arkansas.
(2) Exposure is the estimate of the aggregate value of all insurance in force in all FAIR Plans in all lines (except liability, where applicable, and crime) for 12 months ending September through December.
(3) Citizens Property 探花精选 Corporation, which combined the FAIR and Beach Plans.
(4) The Hawaii, Mississippi and Texas FAIR Plans do not offer a commercial policy.

Source: Property 探花精选 Plans Service Office (PIPSO).听

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Renters and homeowners demographics

In 2023, 65.2 percent of occupied housing units were owner occupied and 34.8 percent were renter occupied, according to the latest U.S. Census figures.听

The nation's homeowners paid a median of $1,904 monthly housing costs in 2023, compared with $1,406 for renters, according to the latest American Community Survey from the U.S. Census Bureau.听

However, renters usually paid a higher percentage of their household income on these costs than did owners, 48.2 percent compared with 27.8 percent of homeowners who spent 30 percent or more of their income on housing costs in 2022.听

Percent Of Occupied Housing Units That Are Owner Occupied, 2023

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State Percent Rank (1) State Percent Rank (1)
Alabama 70.1% 14 Montana 69.2% 19
Alaska 66.3 32 Nebraska 66.3 32
Arizona 67.7 27 Nevada 60.4 48
Arkansas 66.2 35 New Hampshire 72.4 7
California 55.9 49 New Jersey 63.7 41
Colorado 65.7 37 New Mexico 69.3 18
Connecticut 65.7 37 New York 54.1 50
Delaware 73.6 3 North Carolina 66.3 32
D.C. 39.1 51 North Dakota 63.7 41
Florida 68.1 22 Ohio 67.1 30
Georgia 66.1 36 Oklahoma 65.1 39
Hawaii 62.4 46 Oregon 63.4 44
Idaho 72.5 6 Pennsylvania 69.5 16
Illinois 67.4 28 Rhode Island 64.0 40
Indiana 70.4 13 South Carolina 72.4 7
Iowa 71.8 10 South Dakota 69.4 17
Kansas 66.7 31 Tennessee 67.3 29
Kentucky 68.8 20 Texas 62.6 45
Louisiana 68.1 22 Utah 70.1 14
Maine 74.4 1 Vermont 73.2 5
Maryland 67.9 24 Virginia 67.8 26
Massachusetts 62.3 47 Washington 63.7 41
Michigan 73.7 2 West Virginia 73.5 4
Minnesota 72.0 9 Wisconsin 67.9 24
Mississippi 71.1 12 Wyoming 71.2 11
Missouri 68.8 20 United States 65.2% 听

(1) States with the same percentages receive the same rank.

Source: U.S. Department of Commerce, Census Bureau; American Community Survey.

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  • In 2023, West Virginia, Maine, Michigan, Delaware, and Vermont had the highest percentage of owner-occupied housing units.
  • The District of Columbia had the lowest percentage of owner-occupied units, followed by New York, California, and Nevada.听

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Percent Of Mortgaged Owners Occupied Units Spending 30 Percent Or More Of Their Income On Monthly Owner Costs, 2023

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State Percent (1) Rank (2) State Percent (1) Rank (2)
Alabama 23.2% 41 Montana 30.4% 10
Alaska 29.7 13 Nebraska 22.4 45
Arizona 27.6 23 Nevada 30.8 8
Arkansas 22.8 42 New Hampshire 28.1 21
California 38.4 2 New Jersey 31.7 5
Colorado 30.9 7 New Mexico 28.2 19
Connecticut 29.7 13 New York 33.7 4
Delaware 26.1 29 North Carolina 24.9 32
D.C. 23.3 40 North Dakota 19.4 51
Florida 36.2 3 Ohio 21.2 48
Georgia 27.0 24 Oklahoma 25.3 30
Hawaii 40.2 1 Oregon 31.6 6
Idaho 28.5 18 Pennsylvania 24.2 37
Illinois 26.8 25 Rhode Island 29.4 15
Indiana 21.0 49 South Carolina 24.3 35
Iowa 21.6 47 South Dakota 24.6 33
Kansas 24.3 35 Tennessee 24.6 33
Kentucky 22.7 44 Texas 30.2 12
Louisiana 28.8 16 Utah 26.5 28
Maine 28.8 16 Vermont 28.2 19
Maryland 26.7 26 Virginia 25.2 31
Massachusetts 30.7 9 Washington 30.4 10
Michigan 24.0 39 West Virginia 19.8 50
Minnesota 24.2 37 Wisconsin 22.8 42
Mississippi 26.7 26 Wyoming 27.8 22
Missouri 21.9 46 United States 28.5% 听

(1) Percent of mortgaged owner-occupied housing units spending 30 percent or more of household income on selected owner costs such as all mortgage payments (first mortgage, home equity loans, etc.), real estate taxes, property insurance, utilities, fuel and condominium fees if applicable.
(2) States with the same percentages receive the same rank.

Source: U.S. Department of Commerce, Census Bureau; American Community Survey.

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听
  • In 2023, Hawaii, California, New Jersey and Florida, and New York had the highest homeownership costs, based on the percentage of homes in which owners spent 30 percent or more of their income on homeowner-ownership related expenses.
  • North Dakota Ohio, Iowa, West Virginia, and Indiana had the lowest costs, based on the percentage of homes in which owners spent 30 percent of more of their income on homeowner-ownership expenses.

听

Percent Of Renter Occupied Units Spending 30 Percent Or More Of Their Income On Rent And Utilities, 2023

听

State Percent (1) Rank (2) State Percent (1) Rank (2)
Alabama 43.6% 35 Montana 41.8% 41
Alaska 40.5 46 Nebraska 40.9 44
Arizona 50.6 6 Nevada 54.0 2
Arkansas 41.2 43 New Hampshire 49.0 14
California 53.3 3 New Jersey 48.5 15
Colorado 50.7 5 New Mexico 44.0 33
Connecticut 49.8 10 New York 48.5 15
Delaware 47.5 18 North Carolina 44.8 28
D.C. 42.5 38 North Dakota 34.1 51
Florida 57.9 1 Ohio 44.2 32
Georgia 49.4 12 Oklahoma 42.8 37
Hawaii 52.1 4 Oregon 50.6 6
Idaho 45.6 22 Pennsylvania 45.5 23
Illinois 43.6 35 Rhode Island 45.0 26
Indiana 45.4 24 South Carolina 46.5 20
Iowa 40.6 45 South Dakota 38.1 49
Kansas 40.4 47 Tennessee 44.7 29
Kentucky 42.2 39 Texas 49.8 10
Louisiana 49.2 13 Utah 44.9 27
Maine 44.7 29 Vermont 44.7 29
Maryland 50.4 8 Virginia 45.7 21
Massachusetts 50.2 9 Washington 48.1 17
Michigan 47.0 19 West Virginia 38.7 48
Minnesota 45.2 25 Wisconsin 41.4 42
Mississippi 43.9 34 Wyoming 37.4 50
Missouri 42.1 40 United States 48.2% 听

(1) Percent of renter-occupied units spending 30 percent or more on rent and utilities such as electric, gas, water and sewer, and fuel (oil, coal, etc.) if paid by the renter.
(2) States with the same percentages receive the same rank.

Source: U.S. Department of Commerce, Census Bureau; American Community Survey.

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  • Nationwide, 48.2 percent of renters spent at least 30 percent of their household income on rent and utilities in 2023.
  • In 2023 North Dakota, South Dakota, Wyoming and West Virginia had the lowest percentage of rental units in which occupants spent 30 percent or more of their income on rent. Florida, Hawaii, California, Nevada and Colorado had the highest percentage.听

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