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Home ownership rate in Mayo at seventy five per cent

Fri, Apr 21, 2017

Mayo has a home ownership rate of 75 per cent according to the latest figures released by the Central Statistics Office following the Census taken last year, while 22.9 per cent of all households in the county were in rented accommodation. The figures show that the home ownership rate in the county is almost 10 per cent higher in Mayo than nationally, with the home ownership rate in the country being 67.6 per cent and 70.8 per cent in Connacht. The 11,166 households in rented accommodation in Mayo was just under seven per cent less than the national figure of 29.3 per cent and 3.6 per cent lower than the figure for the whole of Connacht.

In total there were 48,745 permanent households recorded in Mayo, an increase on the 2011 figure which was 47,932, a 1.7 per cent rise. The rate of increase at 1.7 per cent was considerably slower than the 2006-2011 rate of 10.9 per cent. The number of permanent households with a mortgage or home loan in Mayo stood at 13,762, a decrease from a figure of 15,000 recorded five years previously.

In Mayo, 11,166 households were in rental accommodation in 2016, compared with 10,610 in 2011. The average weekly rent paid to private landlords was €116.94, a decline on the 2011 figure which was €120.21. The average weekly rent paid to the local authority in the county did go up from €54.57 in 2011 to €59.24 in 2016.


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