Shrinking homeownership rate tests Ruto housing plan

 President William Ruto during the inspection of the on-going construction of the 220 affordable housing units in Bomet County.

Photo credit: PCS

The share of Kenyan households owning homes has shrunk by at least three percentage points over a decade, a new survey has revealed, as more people moving to urban areas prefer to rent houses.

Fresh data by the Kenya National Bureau of Statistics (KNBS) shows that the share of households that own homes dipped to 61 percent in 2024, from 64 percent 11 years ago, while the number of those living in rentals exceeded homeowners.

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Note: The results are not exact but very close to the actual.