Black Homeownership Lower in 2019 than in 1999

The 2019 homeownership rate in the United States was 2.2 percentage points below the rate in 1999, according to the Census Bureau. The Black homeownership rate was 4.2 percentage points lower than it was two decades ago. Asians and Hispanics had higher rates in 2019 than in 1999, and the non-Hispanic White rate was about the same.

Homeownership Rate by Race and Hispanic Origin, 1999 to 2019

	total	Asian	Black	Hispanic	NH White
2019	64.6%	57.7%	42.1%	47.5%	73.3%
2010	66.9	58.9	45.4	47.5	74.4
2004	69.0	59.8	49.1	48.1	76.0
1999	66.8	53.1	46.3	45.5	73.2
1999 to 2019	-2.2	4.6	-4.2	2.0	0.1

The U.S. homeownership rate peaked in 2004 at 69.0 percent. Between 2004 and 2019, the Black rate fell 7.0 percentage points, much greater than the decline in the homeownership rate of Asians (-2.1), Hispanics (-0.6), or non-Hispanic Whites (-2.7).

Source: Census Bureau, Housing Vacancies and Homeownership, 2019 Annual Statistics