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owner-occupied
[ oh-ner-ok-yuh-pahyd ]
adjective
- (of a home, apartment, etc.) used as a residence by the owner.
Other Words From
- owner-occu·pier noun
Word History and Origins
Origin of owner-occupied1
Example Sentences
Today, nearly three-quarters of Norwalk’s homes are owner-occupied and its median household income, though far below Beverly Hills’, is higher than the county average.
Damp is more common in the privately rented sector than in owner-occupied homes, those provided by local authorities, or housing associations.
Last year, premium rates for owner-occupied housing were up 11.3 percent on average nationally, based on data from S&P Global Market Intelligence.
Still, around 64% of the state’s population was classified as owner-occupied housing, according to the Census Bureau.
Various restrictions apply, but the main ones are that aid is available only for owner-occupied homes and that an applicant’s total household income must be no more than 150% of the area median income.
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