Homeownership Rate Comparison
Housing

Massachusetts vs New Jersey: Homeownership Rate

New Jersey has a higher homeownership rate than Massachusetts.

Massachusetts flag
Massachusetts
MA • Northeast
62.8%
Share of occupied housing units that are owner-occupied.
New Jersey flag
New Jersey
NJ • Northeast
Winner
64.0%
Share of occupied housing units that are owner-occupied.

Visual Comparison

Massachusetts 62.8%
New Jersey 64.0%

Difference: 1.20 percentage points — New Jersey leads.

National Rankings

Where They Rank Nationally

See where both states fall among all 50 states for homeownership rate.

Massachusetts #44 · 62.8%
New Jersey #40 · 64.0%
Lowest Highest

Top 10 States — Homeownership Rate

#1 West Virginia flag West Virginia
77.0%
#2 Minnesota flag Minnesota
75.8%
#3 Mississippi flag Mississippi
74.6%
#4 Michigan flag Michigan
74.2%
#5 Delaware flag Delaware
74.0%
#6 Iowa flag Iowa
72.7%
#7 South Carolina flag South Carolina
72.5%
#8 Maine flag Maine
72.2%
#9 Indiana flag Indiana
72.0%
#10 Vermont flag Vermont
71.8%
Selected states
#44 Massachusetts flag Massachusetts
62.8%
#40 New Jersey flag New Jersey
64.0%

Massachusetts ranks 44th and New Jersey ranks 40th nationally for homeownership rate.

Related Context

Homeownership Factors

High or low ownership isn't inherently better — it reflects prices, income, and local preferences.

Metric
Massachusetts
New Jersey
Median Home Value
$510,400
$400,900
Median Gross Rent
$1,678/mo
$1,576/mo
Median Household Income
$96,505
$97,126
Property Tax Rate
1.07%
2.11%

What This Means

Massachusetts vs New Jersey: Homeownership Rate in context

New Jersey has a homeownership rate of 64.0%, compared with 62.8% in Massachusetts. Share of occupied housing units that are owner-occupied.

Massachusetts
62.8%
New Jersey
64.0%
Difference
1.20 percentage points

People Also Ask

Massachusetts vs New Jersey Homeownership Rate — Common Questions

Q What is Massachusetts's homeownership rate?

Massachusetts's homeownership rate is 62.8%.

Q What is New Jersey's homeownership rate?

New Jersey's homeownership rate is 64.0%.

Q Which state has a higher homeownership rate — Massachusetts or New Jersey?

New Jersey has a higher homeownership rate than Massachusetts.

More Comparisons: Massachusetts vs New Jersey

Grouped tabs keep the deep-dive links tighter and easier to scan.

Median Housing Value Median Gross Rent Median Monthly Owner Costs With Mortgage Owner Costs Without Mortgage Home Value to Income Ratio Rent to Income Ratio Owner Costs to Income
Full Comparison

Explore Each State

Massachusetts flag Massachusetts Symbols New Jersey flag New Jersey Symbols Compare Other States

Sources: Core demographic data comes from the 2020 U.S. Census, with land area from U.S. Census Bureau TIGER files. Income, housing, affordability, and tax fields are maintained in our comparison dataset; purchasing-power figures use BEA Regional Price Parities. Minimum wage data comes from the U.S. Department of Labor, gas prices from AAA, and electricity rates from the U.S. Energy Information Administration. Political control and election fields use 2024 presidential results together with National Conference of State Legislatures data. Gun-law labels use the Giffords scorecard, alcohol system data comes from NABCA, and marijuana status uses NCSL's state cannabis laws tracker.