Homeownership varies greatly by race and Hispanic origin. According to the Census Bureau's Housing Vacancy Survey, the gap in the homeownership rate of non-Hispanic Whites and Blacks is fully 30 percentage points...
Homeownership rate in 2017
Asian: 57.2%
Black: 42.3%
Hispanic: 46.2%
Non-Hispanic White: 72.3%
The 30 percentage-point gap in 2017 was even bigger than the gap in 2000 (26.6 percentage points) as Black homeownership fell more than non-Hispanic White in the aftermath of the Great Recession. Because housing equity accounts for the largest share of household wealth, the wealth gap between Blacks and non-Hispanic Whites has grown. Between 2001 and 2016, the median net worth of non-Hispanic White households rose 2.8 percent to $171,000, after adjusting for inflation. The median net worth of Black households fell 33 percent to just $17,600.
Source: Census Bureau, Housing Vacancy Survey; and Federal Reserve Board, Survey of Consumer Finances
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