Table 12. Homeownership Rates by Area: 1960 to 2006 1960 1961 1962 1963 1964 1965 1966 1967 1968 United States................... 62.1 62.4 63.0 63.1 63.1 63.3 63.4 63.6 63.9 Inside Metropolitan Statistical Areas\1......... (NA) (NA) (NA) (NA) (NA) 59.7 60.0 60.2 60.5 In principal cities\1....... (NA) (NA) (NA) (NA) (NA) 48.0 48.3 48.3 48.6 Not in principal cities\1 (suburbs)................... (NA) (NA) (NA) (NA) (NA) 72.0 72.0 71.6 71.8 Outside Metropolitan Statistical Areas\1......... (NA) (NA) (NA) (NA) (NA) 69.1 69.9 70.0 70.3 Northeast..................... 55.5 (NA) (NA) (NA) (NA) 57.7 57.7 58.1 59.1 Midwest....................... 66.4 (NA) (NA) (NA) (NA) 68.6 68.5 68.7 68.9 South......................... 63.4 (NA) (NA) (NA) (NA) 64.4 65.3 65.1 65.0 West.......................... 62.2 (NA) (NA) (NA) (NA) 59.3 60.5 61.0 60.6 1969 1970 1971 1972 1973 1974 1975 1976 1977 United States................... 64.3 64.2 64.2 64.4 64.5 64.6 64.6 64.7 64.8 Inside Metropolitan Statistical Areas\1......... 60.6 60.3 60.2 60.7 60.7 61.0 61.1 61.3 61.0 In principal cities\1....... 48.9 48.9 48.9 49.8 49.4 49.7 49.5 49.5 49.0 Not in principal cities\1 (suburbs)................... 71.6 70.6 70.2 70.6 70.9 70.9 70.9 71.0 70.8 Outside Metropolitan Statistical Areas\1......... 71.4 71.6 71.8 72.2 72.8 72.6 72.1 72.2 73.0 Northeast..................... 58.8 58.1 58.5 58.7 54.8 58.8 59.2 59.8 60.3 Midwest....................... 69.7 69.5 69.4 69.3 70.5 70.4 70.2 69.7 69.4 South......................... 65.5 66.0 66.5 66.4 66.5 66.3 66.0 66.4 67.1 West.......................... 61.2 60.0 60.2 61.0 60.3 60.6 60.8 60.9 59.8 1978 1979 1980 1981 1982 1983 1984 1985 1986 United States................... 65.0 65.6 65.6 65.4 64.8 64.6 64.5 63.9 63.8 Inside Metropolitan Statistical Areas........... 61.2 61.7 61.6 61.5 61.0 60.9 60.8 60.2 61.2 In principal cities\1....... 49.4 49.7 49.6 49.4 49.1 49.2 49.0 47.7 48.5 Not in principal cities\1 (suburbs)................... 70.7 71.2 70.8 70.8 70.0 69.8 69.7 69.1 70.8 Outside Metropolitan Statistical Areas\1......... 73.0 73.8 74.1 73.8 73.0 72.9 72.3 71.9 72.3 Northeast..................... 60.6 60.7 60.8 60.8 61.1 61.5 61.2 60.8 61.4 Midwest....................... 69.3 69.6 69.8 69.7 69.4 69.3 68.4 66.9 66.9 South......................... 67.9 68.6 68.7 68.2 66.7 67.0 67.0 66.4 66.1 West.......................... 59.2 60.3 60.0 60.2 59.4 58.2 58.5 59.0 58.3 Table 12. Homeownership Rates by Area: 1960 to 2006 1987 1988 1989 1990 1991 1992 1993 1993\r 1994 1995 United States................... 64.0 63.8 63.9 63.9 64.1 64.1 64.5 64.0 64.0 64.7 Inside Metropolitan Statistical Areas\1......... 61.4 61.3 61.3 61.3 61.4 61.6 62.0 61.5 61.7 62.7 In principal cities\1....... 48.7 48.3 48.7 48.7 48.7 49.3 49.2 48.6 48.5 49.5 Not in principal cities\1 (suburbs)................... 70.8 70.6 70.2 70.1 70.2 70.1 70.7 70.3 70.3 71.2 Outside Metropolitan Statistical Areas\1......... 72.8 72.6 72.8 73.2 73.2 72.8 72.9 72.6 72.0 72.7 Northeast..................... 61.7 61.3 62.0 62.6 62.3 62.5 62.4 61.8 61.5 62.0 Midwest....................... 67.3 67.5 67.7 67.5 67.2 67.2 67.4 67.1 67.7 69.2 South......................... 66.3 65.8 65.9 65.7 66.1 65.8 66.1 65.7 65.6 66.7 West.......................... 58.4 58.5 57.8 58.0 58.6 59.3 60.4 59.9 59.4 59.2 Table 12. Homeownership Rates by Area: 1960 to 2006 1996 1997 1998 1999 2000 2001 2002 2002\r 2003 2004 United States................... 65.4 65.7 66.3 66.8 67.4 67.8 67.9 67.9 68.3 69.0 Inside Metropolitan Statistical Areas\1......... 63.4 63.7 64.2 64.7 65.5 66.1 66.1 66.1 66.5 67.3 In principal cities\1....... 49.7 49.9 50.0 50.4 51.4 51.9 51.8 51.7 52.3 53.1 Not in principal cities\1 (suburbs)................... 72.2 72.5 73.2 73.6 74.0 74.6 74.7 74.7 75.0 75.7 Outside Metropolitan Statistical Areas\1......... 73.5 73.7 74.7 75.4 75.2 75.0 75.3 75.4 75.6 76.3 Northeast..................... 62.2 62.4 62.6 63.1 63.4 63.7 64.3 64.3 64.4 65.0 Midwest....................... 70.6 70.5 71.1 71.7 72.6 73.1 73.1 73.1 73.2 73.8 South......................... 67.5 68.0 68.6 69.1 69.6 69.8 69.7 69.7 70.1 70.9 West.......................... 59.2 59.6 60.5 60.9 61.7 62.6 62.5 62.5 63.4 64.2 2005 2006 United States................... 68.9 68.8 Inside Metropolitan Statistical Areas\1......... 67.4 67.4 In principal cities\1....... 54.2 54.3 Not in principal cities\1 (suburbs)................... 76.4 76.1 Outside Metropolitan Statistical Areas\1......... 76.3 75.9 Northeast..................... 65.2 65.2 Midwest....................... 73.1 72.7 South......................... 70.8 70.5 West.......................... 64.4 64.7 \r Revised. NA Not available. Note: The term 'Central Cities' was changed to 'Principal Cities' in 2005. \1 Approximately every 10 years, metropolitan/nonmetropolitan area definitions are redefined by the Office of Management and Budget. Therefore metropolitan/nonmetropolitan data for 1986 to 1994, 1995 to 2004, and 2005 and later are not comparable to each other. See Source and Accuracy section for explanation.