Michigan City-La Porte, IN Residents Among Most Likely to Own Home | State

The U.S. real estate market took off in the early months of the COVID-19 pandemic. The homeownership rate – or share of owner-occupied housing – jumped 2.6 percentage points between the first and second quarters of 2020, by far the biggest increase on record. At the end of 2020, there were 2.1 million more homeowners in the United States than there were a year earlier.

The surge in home sales has been fueled by several factors, including historically low mortgage rates and, as some experts speculate, the pandemic, which has led many Americans to reassess where and how they live. Here’s a look at the mortgage rate in America every year since 1972.

Nationally, the homeownership rate stands at 64.4%, according to the latest data from the US Census Bureau’s American Community Survey. However, this rate varies widely across the country, and in some major metropolitan areas, the homeownership rate is well above the national average.

In the Michigan City-La Porte metro area of ​​Indiana, the homeownership rate is 73.3%, well above the national average.

Home ownership can be expensive, but in areas where home values ​​are below average, home ownership may be more affordable for a larger portion of the population. In the Michigan City-La Porte metro area, the typical home is worth $139,900, lower than the national median of $229,800.


Indiana 5th best unemployment rate, number of claims down

All data used in this story are five-year estimates from the US Census Bureau’s 2020 American Community Survey.

Rank subway station Home ownership rate (%) Median home value ($) Median household income ($)
1 The Villages, Florida 88.6 267 100 59,618
2 Homosassa Springs, Florida 83.5 144 100 45,689
3 Punta Gorda, Florida 81.6 209,500 52,724
4 Monroe, MI 80.6 167,400 65,453
5 Sebastian-Vero Beach, Florida 80.0 220,700 57,945
6 Town of Barnstable, MA 79.6 414,000 76,863
seven Ocean City, New Jersey 78.0 306,200 72,385
8 Gettysburg, Pennsylvania 77.8 212,300 68,411
9 Midland, Michigan 77.3 145,900 64,078
ten East Stroudsburg, Pennsylvania 77.1 173,800 68,734
11 Daphne-Fairhope-Foley, AL 77.0 211,600 61,756
12 Sebring-Avon Park, Florida 77.0 120,500 43,708
13 Ogden-Clearfield, UT 76.6 284,500 78,680
14 Port St. Lucie, Florida 76.6 227,800 58,039
15 Muskegon, Mich. 76.2 126,400 53,478
16 Bay City, Michigan 76.1 106,400 48,290
17 Myrtle Beach-Conway-North Myrtle Beach, SC-NC 76.0 195,700 53,832
18 Beckley, West Virginia 75.7 104 100 43,444
19 Palm Bay-Melbourne-Titusville, FL 75.6 220,000 59,359
20 Cedar Rapids, Iowa 75.3 159,800 66,620
21 North Port-Sarasota-Bradenton, Florida 75.1 261 100 62,438
22 Rochester, Minnesota 75.0 218,500 76,787
23 Ocala, Florida 74.8 151,700 46,587
24 York-Hanover, Pennsylvania 74.8 183,300 68,940
25 Johnstown, Pennsylvania 74.7 94,900 47,644
26 Hilton Head Island-Bluffton, SC 74.6 295,000 67,723
27 Greeley, CO 74.5 326 100 74,332
28 Rolling, WV-OH 74.5 115,200 49,928
29 Naples-Marco Island, Florida 74.4 366,600 70 217
30 Jackson, Mich. 74.3 138,900 54,511
31 Salisbury, MD-DE 74.3 243,900 62,799
32 Houma-Thibodaux, LA 73.9 157,000 53,267
33 Decatur, AL 73.5 137,600 51,842
34 Kingsport-Bristol, TN-VA 73.5 140,800 46,685
35 Appleton, Wis. 73.4 180 300 70,261
36 Dubuque, Iowa 73.4 175,300 64,493
37 Hickory-Lenoir-Morganton, North Carolina 73.4 139 100 49,706
38 Grand Rapids-Kentwood, MI 73.4 186,500 66,297
39 Michigan City-La Porte, IN 73.3 139,900 57,010
40 Gadsden, AL 73.0 124,400 44,934
41 Parkersburg-Vienna, WV 72.8 123,800 48,369
42 Cape Coral-Fort Myers, Florida 72.7 235,300 59,608
43 Lewiston, ID-WA 72.7 207 200 55,657
44 Cheyenne, Wyoming 72.6 239,900 69,369
45 Prescott Valley-Prescott, AZ 72.6 273,300 53,329
46 Charleston, West Virginia 72.5 110 100 46,099
47 Duluth, MN-WI 72.3 162,700 58,729
48 Wausau-Weston, WI 72.3 158,200 62,237
49 Deltona-Daytona Beach-Ormond Beach, Florida 72.1 203,000 53,339
50 Portland – South Portland, ME 72.1 273 100 72,552

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