The number of homeowner households in the United States dropped for the first time in nearly a decade.

What’s being called a “marginal decline " is a 0.1% year-over-year dip in homeownership to an estimated 86.2 million households nationwide in the second quarter of 2025, according to a new analysis posted Wednesday by Redfin, a Seattle-based online brokerage.

While the size of the dip is minimal, it’s the first decrease recorded since 2016.

At the same time, there’s been a jump in the number of renter households across the country. The 2.6% increase to an estimated 46.4 million renter households nationwide is “one of the largest increases in recent years,” Redfin said.

Not surprisingly, the high cost of home ownership was cited as a reason for the shift.

“America’s homeowner popu

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