diff --git a/tests/parsers/data.py b/tests/parsers/data.py
new file mode 100644
index 00000000..caf98a77
--- /dev/null
+++ b/tests/parsers/data.py
@@ -0,0 +1,33 @@
+OWNED_PLAYLIST = {
+    "thumbnailRenderer": {"musicThumbnailRenderer": {"thumbnail": {"thumbnails": []}}},
+    "title": {
+        "runs": [
+            {
+                "text": "Family playlist",
+                "navigationEndpoint": {"browseEndpoint": {"browseId": "VLPL_family"}},
+            }
+        ]
+    },
+    "subtitle": {
+        "runs": [
+            {
+                "text": "Owner",
+                "navigationEndpoint": {"browseEndpoint": {"browseId": "UC_owner"}},
+            },
+            {"text": " • "},
+            {"text": "1 track"},
+        ]
+    },
+    "menu": {
+        "menuRenderer": {
+            "items": [
+                {
+                    "menuNavigationItemRenderer": {
+                        "text": {"runs": [{"text": "Edit playlist"}]},
+                        "navigationEndpoint": {"playlistEditorEndpoint": {"playlistId": "PL_family"}},
+                    }
+                }
+            ]
+        }
+    },
+}
diff --git a/tests/parsers/test_browsing.py b/tests/parsers/test_browsing.py
index db43198b..662829b8 100644
--- a/tests/parsers/test_browsing.py
+++ b/tests/parsers/test_browsing.py
@@ -1,9 +1,29 @@
+from copy import deepcopy
+
 import pytest
 
+from tests.parsers.data import OWNED_PLAYLIST
 from ytmusicapi.navigation import MRLIR, MTRIR
 from ytmusicapi.parsers.browsing import parse_content_list, parse_playlist
 
 
+def test_parse_playlist_marks_playlist_with_editor_endpoint_as_owned():
+    playlist = parse_playlist(OWNED_PLAYLIST)
+
+    assert playlist["owned"] is True
+
+
+def test_parse_playlist_marks_playlist_without_editor_endpoint_as_not_owned():
+    saved_playlist = deepcopy(OWNED_PLAYLIST)
+    saved_playlist["menu"]["menuRenderer"]["items"][0]["menuNavigationItemRenderer"]["navigationEndpoint"] = {
+        "watchPlaylistEndpoint": {"playlistId": "PL_family"}
+    }
+
+    playlist = parse_playlist(saved_playlist)
+
+    assert playlist["owned"] is False
+
+
 def _playlist_item(thumbnail_renderer: dict) -> dict:
     return {
         "title": {
diff --git a/ytmusicapi/mixins/library.py b/ytmusicapi/mixins/library.py
index b102f8a7..9c837604 100644
--- a/ytmusicapi/mixins/library.py
+++ b/ytmusicapi/mixins/library.py
@@ -23,15 +23,16 @@ def get_library_playlists(self, limit: int | None = 25) -> JsonList:
         Retrieves the playlists in the user's library.
 
         :param limit: Number of playlists to retrieve. ``None`` retrieves them all.
-        :return: List of owned playlists.
+        :return: List of playlists in the user's library.
 
         Each item is in the following format::
 
             {
                 'playlistId': 'PLQwVIlKxHM6rz0fDJVv_0UlXGEWf-bFys',
                 'title': 'Playlist title',
-                'thumbnails: [...],
-                'count': 5
+                'thumbnails': [...],
+                'count': '5',
+                'owned': True
             }
         """
         self._check_auth()
diff --git a/ytmusicapi/parsers/browsing.py b/ytmusicapi/parsers/browsing.py
index 2f69f45b..d171eb3d 100644
--- a/ytmusicapi/parsers/browsing.py
+++ b/ytmusicapi/parsers/browsing.py
@@ -165,14 +165,30 @@ def parse_video(result: JsonDict) -> JsonDict:
 
 
 def parse_playlist(data: JsonDict) -> JsonDict:
+    playlist_id = nav(data, TITLE + NAVIGATION_BROWSE_ID)[2:]
+    menu_items = nav(data, ["menu", "menuRenderer", "items"], True) or []
     playlist = {
         "title": nav(
             data,
             TITLE_TEXT,
             none_if_absent=True,  # rare but possible for playlist title to be missing
         ),
-        "playlistId": nav(data, TITLE + NAVIGATION_BROWSE_ID)[2:],
+        "playlistId": playlist_id,
         "thumbnails": nav(data, THUMBNAIL_RENDERER, True),
+        "owned": any(
+            nav(
+                item,
+                [
+                    "menuNavigationItemRenderer",
+                    "navigationEndpoint",
+                    "playlistEditorEndpoint",
+                    "playlistId",
+                ],
+                True,
+            )
+            == playlist_id
+            for item in menu_items
+        ),
     }
     subtitle = data["subtitle"]
     if "runs" in subtitle: