Frederick Reese

Best affordable place to live in every state

Homeownership in the United States is hovering around 65%, according to the Federal Reserve Bank of St. Louis. After making a mild rebound in 2016 following a 50-year low of 63%, the homeownership rate is once again on a post-COVID-19 pandemic downward trend.

Traditionally, homeownership was a key component of the American Dream, along with getting a good job and being able to raise a successful family. However, the realities of a decline in social mobility, a lack of real wage growth, mounting debts, and inflating property prices have led many to rethink the modern American Dream. Yet owning a home still equates to success in America for three in four Americans, according to a 2024 survey by Realtor.com , and 59% still bel

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