These Counties in New Jersey Had the Biggest Increase in Homeownership, Study Says

Between rising real estate costs and high interest rates, owning a home is getting harder and harder. In New Jersey, you can add high property taxes to the list of challenges facing homeowners. Not surprisingly, a new ranking of all 50 states placed New Jersey 44th when it comes to the increase in homeownership between 2020 and 2024.

Using data from County Health Rankings, TurboDebt analyzed four years of homeownership data to determine which areas of the country have experienced the most significant changes in homeownership rates. By focusing on county-level data, they were able to identify areas with the greatest increases and decreases in homeownership since 2020.

In 2020 there were 2.05 million homeowners in New Jersey, compared to 2.19 million in 2024, a change of 80,000 homeowners, or 0 percent. Sussex County made the greatest gains over the past four years at 3 percent.

The top 5 performing counties when it comes to increases in home ownership in New Jersey over the past 4 years are:

Sussex: 3%
Cumberland: 2%
Monmouth: 2%
Atlantic: 1%
Bergen: 1%

The top 10 states in the U.S. when it comes to increases in homeownership over the past four years are:

Hawaii
Idaho
Rhode Island
Wyoming
Alaska
Arizona
Florida
Georgia
Louisiana
Nevada

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