Description of Indicator
This indicator compares the percentage of owners versus the percentage of renters for each county and Pennsylvania as a whole.
Why is it Important?
Housing tenure refers to the breakdown of people who own their homes versus those who rent. Housing tenure serves as a valuable tool for understanding evolving housing preferences as well as potential affordability challenges.
How is the region performing?
Lackawanna County homeowners have increased in number from 2021 to 2022 (by 0.1 percent), following a 6.8 percent decline from 2010 to 2020. The share of Luzerne County homeowners has slightly decreased from 2021 to 2022 (by 0. 3 percent). The county has seen a decrease of 5.6 percent of owners from 2010 to 2020.
Wayne County homeowners have increased slightly in number from 2021 to 2022 (by 1.2 percent), but overall has the largest share of homeowners within the study area. From 2010 to 2020, Wayne County has seen the smallest decrease of homeowners (2.9 percent).
Pennsylvania homeowners have held steady from 2021 to 2022 (at 69.2 percent). From 2010 to 2020, the Commonwealth has experienced a 5.8 percent decrease of owners.
