That's not exactly what "home ownership rate" means. Home ownership rate is the proportion of occupied homes which are owned by their occupants. If your town ha

That's not exactly what "home ownership rate" means. Home ownership rate is the proportion of occupied homes which are owned by their occupants. If your town has one hundred occupied homes, then 67 of those occupied homes would be owned (or being paid for on mortgagee) by the people living inside. Adult children living at home, adults living in homes with roommates, people underwater on their mortgage, etc would all count towards a higher home ownership rate.