Financial Security
Homeownership Rates


Homeownership Rate

What does this measure?

The percentage of all occupied housing units (not vacant) that are owner-occupied (not rented).

Why is this important?

Homeownership is an important factor for neighborhood stability and civic participation. A home is a vital financial asset for a family and an investment in both the local neighborhood and surrounding community.

How is our region doing?

In 2014-18, the homeownership rate in the MetroWest region was 65%, one percentage point above 2000. The rate was 1 point higher than the nation and 3 points higher than the state. Although the rate in MetroWest has remained steady overall, homeownership rates varied greatly among local communities. The lowest homeownership rates were in Waltham (50%), Framingham (55%) and Marlborough (57%). The highest rates were in the towns of Dover (92%), Carlisle (94%) and Harvard and Sherborn (94% and 93%, respectively).

Notes about the data

Multiyear figures are from the Census Bureau's American Community Survey. The bureau combined five years of responses to the survey to provide estimates for smaller geographic areas and increase the precision of its estimates. The survey provides data on characteristics of the population that used to be collected only during the decennial census. However, because the information came from a survey, the samples responding to the survey were not always large enough to produce reliable results, especially in small geographic areas.

CGR has noted on data tables the estimates with relatively large margins of error. Estimates with three asterisks have the largest margins, plus or minus 50% or more of the estimate. Two asterisks mean plus or minus 35%-50%, and one asterisk means plus or minus 20%-35%. For all estimates, the confidence level is 90%, meaning there is 90% probability the true value (if the whole population were surveyed) would be within the margin of error (or confidence interval). Data for this indicator are released annually in December.

Homeownership Rate
United States66%65%64%
Acton town, Middlesex County76%76%73%
Ashland town, Middlesex County80%81%82%
Bedford town, Middlesex County80%73%74%
Bellingham town, Norfolk County84%82%83%
Boxborough town, Middlesex County71%80%71%
Carlisle town, Middlesex County94%91%94%
Concord town, Middlesex County81%79%75%
Dedham town, Norfolk County80%71%70%
Dover town, Norfolk County95%95%92%
Framingham city, Middlesex County55%55%55%
Franklin town, Norfolk County79%81%
Groton town, Middlesex County84%87%87%
Harvard town, Worcester County91%93%94%
Holliston town, Middlesex County86%85%90%
Hopkinton town, Middlesex County91%89%83%
Hudson town, Middlesex County71%75%74%
Lexington town, Middlesex County83%82%82%
Lincoln town, Middlesex County61%69%60%
Littleton town, Middlesex County83%86%85%
Marlborough city, Middlesex County61%59%57%
Maynard town, Middlesex County70%65%77%
Medfield town, Norfolk County86%91%87%
Medway town, Norfolk County84%85%89%
Milford town, Worcester County65%65%68%
Millis town, Norfolk County77%78%83%
Natick town, Middlesex County71%73%71%
Needham town, Norfolk County81%84%83%
Sherborn town, Middlesex County93%88%93%
Southborough town, Worcester County88%90%90%
Stow town, Middlesex County87%90%88%
Sudbury town, Middlesex County92%94%92%
Walpole town, Norfolk County86%81%83%
Waltham city, Middlesex County46%50%50%
Wayland town, Middlesex County92%89%89%
Wellesley town, Norfolk County83%84%82%
Westborough town, Worcester County64%63%62%
Westford town, Middlesex County92%92%87%
Weston town, Middlesex County86%87%87%
Westwood town, Norfolk County89%88%85%

Source: U.S. Census Bureau
Notes: Multiyear results are from rolling American Community Survey. * Margin of error between 20% & 35% of estimate; ** margin of error between 35% & 50%; *** margin of error greater than 50%.

Number of Owner-occupied Housing Units
United States69,816,51375,075,70076,444,810
Acton town, Middlesex County5,7006,4046,483
Ashland town, Middlesex County4,5545,4275,456
Bedford town, Middlesex County3,7063,6133,871
Bellingham town, Norfolk County4,6625,0785,340
Boxborough town, Middlesex County1,3071,7161,617
Carlisle town, Middlesex County1,5171,5931,718
Concord town, Middlesex County4,8035,1545,073
Dedham town, Norfolk County6,9446,8057,026
Dover town, Norfolk County1,7551,7871,857
Framingham city, Middlesex County14,51414,60115,541
Franklin town, Norfolk County8,7369,476
Groton town, Middlesex County2,7403,3553,510
Harvard town, Worcester County1,6381,7491,739
Holliston town, Middlesex County4,1394,1604,742
Hopkinton town, Middlesex County4,0464,5154,976
Hudson town, Middlesex County4,9595,7835,705
Lexington town, Middlesex County9,1669,4809,648
Lincoln town, Middlesex County1,7151,5231,600
Littleton town, Middlesex County2,4612,9223,034
Marlborough city, Middlesex County8,8479,2068,980
Maynard town, Middlesex County3,0022,8323,262
Medfield town, Norfolk County3,4443,7603,613
Medway town, Norfolk County3,5203,7924,197
Milford town, Worcester County6,7426,8727,589
Millis town, Norfolk County2,3112,2852,482
Natick town, Middlesex County9,30610,03510,233
Needham town, Norfolk County8,5848,8488,948
Sherborn town, Middlesex County1,3201,2541,452
Southborough town, Worcester County2,5992,9473,125
Stow town, Middlesex County1,8112,1152,270
Sudbury town, Middlesex County5,0605,4615,875
Walpole town, Norfolk County6,9017,0607,378
Waltham city, Middlesex County10,67011,85911,880
Wayland town, Middlesex County4,2364,5424,420
Wellesley town, Norfolk County7,1407,1357,102
Westborough town, Worcester County4,2114,3824,232
Westford town, Middlesex County6,2586,9367,231
Weston town, Middlesex County3,2033,2663,288
Westwood town, Norfolk County4,5694,7034,646

Source: U.S. Census Bureau
Notes: Multiyear results are from rolling American Community Survey. * Margin of error between 20% & 35% of estimate; ** margin of error between 35% & 50%; *** margin of error greater than 50%.

Early Prenatal Care by Mother's Race/Ethnicity Not Applicable
Children Living in Poverty Not Applicable
Children Living in Poverty, by Race/Ethnicity Not Applicable
Single-Parent Families Not Applicable
Single-Parent Families by Race/Ethnicity Not Applicable
Disengaged Youth Not Applicable
Reports of Domestic Violence Not Applicable
Arts, Entertainment and Recreation Establishments Not Applicable
Households Without Vehicles Not Applicable
Means of Transportation to Work Not Applicable
Average Travel Time to Work Not Applicable
Households With Internet Access Not Applicable
Voter Participation Rate Not Applicable
Average Charitable Contribution Not Applicable
Protected Land Not Applicable
Drug Poisoning Mortality Rate Not Applicable
Crimes Against People Not Applicable
Incarceration Rates, by Race/Ethnicity Not Applicable
Change in Total Population Not Applicable
Change in Population by Race/Ethnicity Not Applicable
Foreign-Born Population Not Applicable
Language Diversity Not Applicable
Population by Age Not Applicable
Change in Population by Age/Gender Not Applicable
Seniors Living Alone Not Applicable
People with Disabilities Not Applicable
Change in Total Jobs by Sector Not Applicable
Unemployment Rate Not Applicable
Average Salary by Sector Not Applicable
High-Tech Jobs Not Applicable
Female to Male Earnings Ratio Not Applicable
Prekindergarten Participation Not Applicable
Student Performance on Grade 3 English, by Student Subgroup Not Applicable
Chronically Absent Students Not Applicable
High School Cohort Graduation Rate by Student Group Not Applicable
Education Levels of Adults Not Applicable
Education Levels of Adults, by Race/Ethnicity Not Applicable
People Living in Poverty Not Applicable
People Living in Poverty, by Education Level Not Applicable
People Living in Poverty, by Race/Ethnicity Not Applicable
Household Receiving Temporary Assistance Not Applicable
Participation in Food Assistance by Race/Ethnicity Not Applicable
Median Household Income Not Applicable
Median Household Income, by Race/Ethnicity Not Applicable
Living Wage Not Applicable
80/20 Income Ratio Not Applicable
Access to Financial Services, by Race/Ethnicity Not Applicable
Homeownership Rates Not Applicable
Homeownership Rates, by Race/Ethnicity Not Applicable
Cost of Homeownership Not Applicable
Cost of Rent Not Applicable
Homelessness Not Applicable