Livermore, Pleasanton, Danville, Short Sale Specialist
  

If you’re looking to buy a home, Michigan might be a good place to start — and California might be a place to avoid.

The Midwestern state boasts three metropolitan areas in the top 10 for highest homeownership rates in the nation, according to a recent report by the National Association of Home Builders. The metro areas of Holland-Grand Haven, Bay City and Monroe all reported more than 77 percent homeownership, compared to the national average of 64.7 percent.

California, meanwhile, has six metro areas in the NAHB list of 10 places with the lowest homeownership rates.

“As one might expect, the homeownership rate is linked to affordability,” the NAHB report says. “In general, homeownership rates are higher when homes are more affordable. Eight of the top 10 metropolitan areas have median home values below the national median home value of $171,900.” 

The NAHB calculated the homeownership rate by taking the total number of owner-occupied units divided by the total number of occupied units for a chosen geography. Occupied units can either be rented or owned, so a high homeownership rate implies a low renter rate.

Here’s a look at the 10 markets with the highest homeownership rates and what’s for sale there.

NOTE: All descriptive information comes from listings on realtor.com. Properties were on the market and listed as available at the time of publication in April 2014 unless noted otherwise.

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RE/MAX Accord Office Locations

 

RE/MAX Accord 1841 4th Street, Livermore CA 94550 925-373-7011

 

RE/MAX Accord 5950 StoneRidge Dr, Pleasanton CA 94588 925-373-7011

 

RE/MAX Accord 350 Montgomery Street San Ramon, CA 94583 925-373-7011

 

RE/MAX Accord 313 Sycamore Valley Road West, Danville, CA 94526 925-373-7011