Federal Reserve Economic Data

Table Data - Homeownership Rate (5-year estimate) for Knox County, IL

Title Homeownership Rate (5-year estimate) for Knox County, IL
Series ID HOWNRATEACS017095
Source U.S. Census Bureau
Release Homeownership Rate (Not a Press Release)
Seasonal Adjustment Not Seasonally Adjusted
Frequency Annual
Units Rate
Date Range 2009-01-01 to 2022-01-01
Last Updated 2023-12-07 10:20 AM CST
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 for a more thorough clarification.
DATE VALUE
2009-01-01 71.78571428571429
2010-01-01 71.35929372267009
2011-01-01 70.98769262591789
2012-01-01 70.33596756175265
2013-01-01 70.81449840335090
2014-01-01 69.89664618960650
2015-01-01 69.65719063545150
2016-01-01 68.06423210766845
2017-01-01 68.26861871419479
2018-01-01 67.51683591662213
2019-01-01 67.91668470965227
2020-01-01 67.95954997154490
2021-01-01 69.92404068625311
2022-01-01 70.50871965647183

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