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Rent or Buy? See How Sierra Madre Home Ownership Rates Compare

The map below shows the percentage of a city's population that owns a home.

Proponents of home ownership argue that it ties people more closely to a community and makes people more invested in taking care of a neighborhood.  

There are many factors that determine how much of a community is made up of homeowners vs. renters - age of the community, income, whether a town is mostly single-family housing or multi-family housing. 

The Patch-created map above shows the percentage of the town's population that owns a home, based on figures from the 2010 census.  A full window view of the map is available here.

Sierra Madre, as the map shows, has a fairly strong rate of home ownership with 67.7 percent of the population living in a home they own. Nearby neighbors have similar or lower rates - 71.7 percent in Altadena, 66.7 percent in Arcadia, 48.1 percent in Pasadena and 50.7 percent in Monrovia.

With the above map on left you can compare the different home ownership rates across L.A. County - the redder cities have the lowest rate, the greener the highest and the shades of orange and yellow are in between.

Do you think a high level of home ownership is important in a community?  Share your views with us in the comments section.

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Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors. Write a new post... What's up? Make an announcement, speak your mind, or sell something
LarKat May 19, 2013 at 12:04 am
What are these "organizations that can assist educators in providing an additional incomeRead More source for school supplies?" What are the other "big retailers" besides Staples that are helping teachers with rewards programs? This is a great subject but there is little detail here beyond a link to the Staples program. Would love to read a follow up piece with more useful information.