Definition
A cross-tabulation showing whether a housing unit is owner-occupied or renter-occupied, categorized by the age group of the householder (the person in whose name the home is owned or rented).
Why It Matters
Reveals how homeownership or renting patterns vary across different life stages. It highlights transitions in housing status (e.g., young adults often rent, older adults own or downsize), influencing housing market dynamics and related services.
Specific Relevance for Professionals:
Marketers
Enables precise targeting for housing-related products and financial services based on both age and housing status (e.g., first-time homebuyer programs for young renters, reverse mortgages for older homeowners).
Researchers
Fundamental for studying housing affordability across generations, life-cycle effects on housing tenure, and the impact of economic trends on homeownership versus renting for different age groups.
Consultants
Crucial for advising real estate developers on demand for specific housing types (e.g., starter homes for young buyers, senior living for older renters), and for financial institutions on mortgage or rental-related products.
Public Policy Workers
Important for informing housing policies that address age-specific needs (e.g., affordable housing for young adults, senior housing options), and understanding housing tenure disparities across different age cohorts.
