Home ownership, the reporter notes, varies across demographic groups, and among regions within rural and small-town America. It is highest in the Midwest, at 74 percent, and lowest in the West, at 68 percent. "Delaware has the highest rural and small-town homeownership rate, at 77.8 percent, followed closely by Minnesota and Michigan, at 77 percent."
The biggest rural-urban disparity in the data was free and clear ownership. "Nearly 42 percent of homeowners in rural and small town America own their homes free and clear of mortgage debt, compared to roughly 27 percent of suburban and urban homeowners with no mortgage," George reports, offering possible reasons: a large number of manufactured homes with shorter loan terms and an older demographic; mortgage debt declines with age. (Read more)