Owning a home has traditionally been the bedrock of the “American Dream,” conveying prosperity, financial security, and upward mobility. The United States is largely a nation of homeowners and homeownership is more prevalent in rural areas. But many rural households still face challenges in accessing, attaining and affording the purchase of a home. Lack of available stock, affordability and high cost loans are barriers to homeownership.
This Rural Research Brief examines the state of homeownership in rural America.