The overall homeownership rate was lower in 2020 than in 2000, according to the Census Bureau's Housing Vacancy Survey. But a look at homeownership rates by race and Hispanic origin reveals that Blacks lost ground between 2000 and 2020 while Asians, Hispanics, and non-Hispanic whites made gains...
Homeownership rate by race and Hispanic origin of householder, 2000 and 2020
| 2020 | 2000 | change | |
|---|---|---|---|
| Total households | 66.6% | 67.4% | -0.8 |
| Asians | 60.3 | 52.8 | 7.5 |
| Blacks | 45.3 | 47.2 | -1.9 |
| Hispanics | 50.1 | 46.3 | 3.8 |
| Non-Hispanic whites | 75.0 | 73.8 | 1.2 |
Black homeownership peaked during the housing bubble at 49.1 percent in 2004. The rate fell to a post-Great Recession low of 41.6 percent in 2016—a 7.5 percentage point loss in the aftermath of the Great Recession and much greater than the Great Recession losses experienced by Asians (-4.4), Hispanics (-2.1), or non-Hispanic whites (-4.1).
Source: Demo Memo analysis of the Census Bureau's Housing Vacancy Survey
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