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Homeownership Rate (5-year estimate) for Somerset County, NJ (HOWNRATEACS034035)

Observations

2023: 77.07922
Updated: Dec 12, 2024 9:19 AM CST
2023:  77.07922  
2022:  77.85381  
2021:  77.91075  
2020:  78.11574  
2019:  78.62684  

Units:

Rate,
Not Seasonally Adjusted

Frequency:

Annual

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Notes

Title Release Dates
Homeownership Rate (5-year estimate) for Somerset County, NJ 2017-01-04 2024-12-12
 
Source    
U.S. Census Bureau 2017-01-04 2024-12-12
 
Release    
Homeownership Rate 2017-01-04 2024-12-12
 
Units    
Rate 2017-01-04 2024-12-12
 
Frequency    
Annual 2017-01-04 2024-12-12
 
Seasonal Adjustment    
Not Seasonally Adjusted 2017-01-04 2024-12-12
 
Notes    
The homeownership rate is computed by dividing the estimated total population in owner-occupied units by the estimated total population (ACS 5-year variables B25008_002E and B25008_001E from table B25008, respectively).

A housing unit is owner-occupied if the owner or co-owner lives in the unit, even if it is mortgaged or not fully paid for. A housing unit is classified as occupied if it is the current place of residence of the person or group of people living in it at the time of interview, or if the occupants are only temporarily absent from the residence for two months or less (e.g., on vacation or a business trip). If all the people staying in the unit at the time of the interview are staying there for two months or less, the unit is considered to be temporarily occupied and classified as "vacant."

Multiyear estimates from the American Community Survey (ACS) are "period" estimates derived from a data sample collected over a period of time, as opposed to "point-in-time" estimates such as those from past decennial censuses. ACS 5-year estimate includes data collected over a 60-month period. The date of the data is the end of the 5-year period. For example, a value dated 2014 represents data from 2010 to 2014. However, they do not describe any specific day, month, or year within that time period.

Multiyear estimates require some considerations that single-year estimates do not. For example, multiyear estimates released in consecutive years consist mostly of overlapping years and shared data. The 2010-2014 ACS 5-year estimates share sample data from 2011 through 2014 with the 2011-2015 ACS 5-year estimates. Because of this overlap, users should use extreme caution in making comparisons with consecutive years of multiyear estimates.

Please see "Section 3: Understanding and Using ACS Single-Year and Multiyear Estimates" on publication page 13 (file page 19) of the 2018 ACS General Handbook (https://www.census.gov/content/dam/Census/library/publications/2018/acs/acs_general_handbook_2018.pdf) for a more thorough clarification.

2017-01-04 2024-12-12

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Somerset County, NJ Homeownership New York New Jersey American Community Survey 5-Year Housing Census Rate County or County Equivalent Annual Public Domain: Citation Requested United States of America Not Seasonally Adjusted