Federal Reserve Economic Data

Table Data - Homeownership Rate (5-year estimate) for Sumter County, SC

Title Homeownership Rate (5-year estimate) for Sumter County, SC
Series ID HOWNRATEACS045085
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 10:15 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 67.75974635283427
2010-01-01 66.63163071463700
2011-01-01 66.66023947708386
2012-01-01 66.28768253602748
2013-01-01 65.00744076010227
2014-01-01 64.50076074553061
2015-01-01 65.12687608578020
2016-01-01 64.87397671370776
2017-01-01 64.29904584150685
2018-01-01 64.52514501215614
2019-01-01 64.68410401020536
2020-01-01 66.69738597855408
2021-01-01 66.53827170052358
2022-01-01 67.15132720925243

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