Monday, August 20, 2018

The Decline in Black Homeownership

Every race and Hispanic origin group has a lower homeownership rate today than in the early 2000s, but no group has seen a bigger decline in homeownership than Blacks. In 2017, just 42.3 percent of Black households owned their home—6.8 percentage points below the 49.1 percent peak of 2004. Hispanics saw their homeownership rate fall 3.5 percentage points from their peak, Asians experienced a 3.6 percentage-point loss, and the non-Hispanic White rate was down 3.7 percentage points.

Black homeownership rate
2017: 42.3%
2010: 45.4%
2004: 49.1% (peak)
2000: 47.2%

The gap in the homeownership rate of non-Hispanic White and Black households grew from 26.9 to 30.0 percent points between 2004 and 2017.

Source: Census Bureau, Housing Vacancies and Homeownership, Annual Statistics: 2017

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