'homeowner' originates from the combination of 'home' and 'owner', where 'home' meant 'a place where one lives' and 'owner' meant 'one who possesses something'.

'homeowner' evolved from the Old English word 'hām' meaning 'dwelling' and 'āgen' meaning 'possessor', eventually becoming the modern English word 'homeowner'.

Initially, it meant 'one who possesses a dwelling', and this meaning has largely remained the same in modern usage.