Federal Reserve Economic Data

Table Data - Homeownership Rate (5-year estimate) for Hardeman County, TN

Title Homeownership Rate (5-year estimate) for Hardeman County, TN
Series ID HOWNRATEACS047069
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 11:04 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 76.48564713782106
2010-01-01 75.67280753884032
2011-01-01 74.07391869782272
2012-01-01 72.35500655696096
2013-01-01 69.68581457067032
2014-01-01 69.37834428155044
2015-01-01 69.18208373904577
2016-01-01 68.24988723500226
2017-01-01 66.30400000000000
2018-01-01 70.26152850937991
2019-01-01 69.37526283818514
2020-01-01 69.19964240342540
2021-01-01 71.78126442085832
2022-01-01 72.84865112025606

Subscribe to the FRED newsletter


Follow us

Back to Top