Home ownership rate by race U.S. 2021 | Statista (2024)

FAQs

What is the homeownership rate by race 2021? ›

The homeownership rate for White Americans in 2021 was 72.7%, but the rate for Black Americans was 44%, according to NAR's analysis of the most recent data. The homeownership rate for Asian Americans was 62.8% and for Hispanic Americans it was 50.6%.

The Black American homeownership rate – 44% – increased less than half of 1 percentage point (43.6% in 2011) and continues to lag well behind Hispanic Americans (50.6%), Asian Americans (62.8%) and White Americans (72.7%).

The 2019 statistics show that just 41% of Black families own their homes compared to 68% of White families. Note: Data above is from the 2019 homeownership data collected by the U.S. Census.

In 2019, the homeownership rate among white non-Hispanic Americans was 73.3%, compared to 42.1% among Black Americans. This 31.2 percentage point difference was the largest gap since the Census' time series began in 1994.

Homeowner rates by race and ethnicity

Homeownership statistics by race show that the highest rates of homeownership are held by White households.

According to Center tabulations of the American Community Survey, fully 71.7 percent of white households owned their homes in the US in 2015–2019 compared to 47.0 percent of households of color, representing a 24.6 percentage point racial homeownership gap.

Asian Americans, with a population of around 1.8 crore, are the highest-earning ethnic group in the USA. The median household income for Asian-Americans stands at $87,243. However, Indians are the leading ethnic group among Asian-Americans.

Despite affordability challenges, the Hispanic homeownership rate reached 48.6% in 2022, the eighth consecutive year of growth.

Millionaires by Race and Ethnicity

White people, who are not Hispanic or Latino, make up about 60% of the U.S. population. 8% of millionaires in the U.S. are Black. Black people make up about 14% of the U.S. population.

Who Owns the Land? Of all private U.S. agricultural land, Whites account for 96 percent of the owners, 97 percent of the value, and 98 percent of the acres.

What gender buys more houses? ›

Single women own roughly 10.7 million homes, compared to 8.1 million for single men, according to a recent analysis from LendingTree that looked at 2021 Census data.

Some of the most successful entrepreneurs in the world have built their wealth through real estate. In fact, it's estimated that 90% of all millionaires invest in some form of real estate. There are several reasons for this, but in today's article, we'll share seven reasons why millionaires invest in real estate.

Leading apartment owners in the U.S. 2022, by units owned

Starwood Capital Group, which was the largest owner in 2022 with 115,000 units, is a private investment firm headquartered in Miami, Florida.

The 2022 Land Report 100, compiled each year by The Land Report magazine, released its annual list of landowners who own the most acres in the United States. The nation's largest private landowners are the Emmerson family in California who own over 2.4 million acres.

As has long been the case, White Americans accounted for a large majority (86%) of firms whose ownership was classifiable by race and ethnicity in 2020. These firms brought in 93% of all revenue from classifiable companies that year.

Baby boomers now make up 39% of home buyers – the most of any generation – an increase from 29% last year. Generation Z now makes up 4% of buyers, with 30% of Gen Z moving directly from a family member's home into homeownership.

Homeownership rates in California are the second lowest in the country, according to 2016-2020 estimates from the American Community Survey. Statewide, only 56% of households own the home they live in, compared to 65% in the rest of the country. Only New York has a lower rate (55%).

By race, the highest national poverty rates were for American Indians and Alaska Natives (27.0 percent) and Blacks or African Americans (25.8 percent). Native Hawaiians and Other Pacific Islanders had a national poverty rate of 17.6 percent.

Twice as many Black and Hispanic men are in poverty as white men. Line graph of official poverty rates for men by race and ethnicity since 1990, showing that the rates of Black and Hispanic men in poverty are consistently double the rate of white men.

Country Life Acres, a village in Missouri, is the most affluent place in the US. That's based on five years of data from the Census Bureau's American Community Survey covering 2017 to 2021.

What percentage of Americans own a home free and clear? ›

The country with the highest free-and-clear homeownership rate in the list above was Lithuania at 83%. In the U.S., the free-and-clear homeownership rate was 23%.

How many homes are there in the United States? There are more than 110 million residences in the United States, including both households and vacant homes, which means that 2.39% of all residences in the United States are used solely as second homes.

Highlights from this year's report: Nationwide, millennials have finally passed 50 percent homeownership, but they have purchased homes slower than previous generations. For instance, when Gen X was the same age as millennials today, their homeownership rate was 58 percent.

In 2021, White workers made up 63% of the total U.S. working population but 67% of the home-based workforce (Figure 2). Asian workers were also overrepresented, making up 6% of all workers but 10% of the home-based workforce. Black workers made up 11% of all workers but 10% of home-based workers in 2021.

In fact, the average American household earns a median income of under $70,000, but in some places, the top 1% can earn as much as $955,000. Those annual earnings can seem far out of reach in a country where less than 10% of all households earn more than $200,000, according to the U.S. Census Bureau.

The median household income for Black U.S. households in 2021 is $46,400, which means half of households headed by a Black person earn more than that and half earn less. Broader analysis shows that 52% of Black U.S. households earn less than $50,000, while 48% make $50,000 or more.

For the last eight years, Latinos have remained the outstanding cohort, posting continuous homeownership growth throughout that period. In 2022, Hispanic homeowners added 349,000 homes to their owned properties, increasing their homeownership rate to nearly 49 percent.

Immigrant homeownership rates in the United States remain below the rate of native born households (46.5 percent vs. 62.9 percent), but the gap has fallen from 22.2 percentage points to 16.4 percentage points.

Who is the richest Black family in America? ›

Robert F.

Smith is America's richest Black person. He is the founder of Vista Equity Partners, a private equity firm that focuses exclusively on investing in software companies. Vista has $92 billion in assets and is one of the world's best-performing private equity firms.

Unclaimed by any country, the Bir Tawil stands alone as terra nullius. On the border of Egypt and Sudan lies one of history's most peculiar regions. Bigger than London and New York, this patch of desert has presented a problem for international lawmakers for over sixty years.

A realtor is a member of the National Association of Realtors (NAR), a trade association.

New research has found that women are more generous than men. They're more likely to be giving because their brains find it more rewarding, the study suggests. There's another reason to be thankful for women on International Women's Day.

In 2022, the average age of first-time homebuyers was 36, according to the National Association of Realtors (NAR). This is up from 33 in 2021. A more notable stat, however, is that only 26% of homebuyers in 2022 were first-time homebuyers — the lowest percentage since the NAR started tracking the metric.

And one crucial detail to note: Millionaire status doesn't equal a sky-high salary. “Only 31% averaged $100,000 a year over the course of their career,” the study found, “and one-third never made six figures in any single working year of their career.”

1. Donald Bren. Donald Bren began his career as a typical real estate agent, making his first investment in a real estate company that purchased over 90,000 acres of land.

Consider what it would take to make $1 million in gross commissions your first year selling real estate (before expenses and taxes). It would involve selling approximately $50 million of real property with an average salesperson commission of 2%.

Homeowner vs.

In the under-35 age group, 65% of American households are rented. Meanwhile, in the 65+ age group (senior citizens), 79.3% own a home. The median age of homebuyers is 47 years old, while the median age of renters is 38 years old. A whopping 64% of millennials who own homes regret their purchase of a home.

What state has the most house for the money? ›

After California comes New York at 1.7 million and Pennsylvania at 1.5 million. Yet no-mortgage owners in California are only 33% of all homeowners – and only four places have a smaller share: D.C. at 24%, Maryland at 28% and Colorado and Utah at 30%.

China owns roughly 384,000 acres of U.S. agricultural land, according to a 2021 report from the Department of Agriculture.

King Ranch, largest ranch in the United States, composed of a group of four tracts of land in southeastern Texas, totaling approximately 825,000 acres (333,800 hectares). The King Ranch was established by Richard King, a steamboat captain born in 1825 in Orange county, New York.

Black applicants are 2 percentage points more likely, Asian applicants 1.4 percentage points more likely, and Hispanic applicants 1 percentage point more likely to be denied than comparable white applicants.

Using 2019 ACS data, we calculate that the white homeownership rate is 30 percentage points higher than the Black homeownership rate (72.2%-42.3%), and white households are 71 percent ((72.2%-42.3%)/42.3%) more likely to own their homes than Black households.

Home Ownership Rate in the United States averaged 65.26 percent from 1965 until 2023, reaching an all time high of 69.20 percent in the second quarter of 2004 and a record low of 62.90 percent in the second quarter of 1965.

Top Home Ownership Statistics In America: 65.8% of Americans own a home as of 2022. Some 74 million Americans, or about 27%, live in a condo or HOA property.

The American Dream

The country with the highest free-and-clear homeownership rate in the list above was Lithuania at 83%. In the U.S., the free-and-clear homeownership rate was 23%. If free-and-clear homeownership is the American Dream, then apparently Lithuania and many other countries are living the American Dream.

Do blacks pay higher interest rates? ›

For many Black homeowners, interest rates are already often higher than their white counterparts regardless of income, according to a 2021 Harvard University study. This is, in part, because Black homeowners are seen as a bigger financial risk than white homeowners.

Loan origination years range across 30 years from 1990 to 2019. On average, Blacks paid 63.6 bp higher than Whites, while Hispanics paid 48.4 bp more. In sum, raw interest rates for Blacks and Hispanics were higher than for Whites for most origination years.

(According to the Pew Research Center, about 36 percent of American households rented, rather than owned, their homes in 2019, the last year that reliable data was available from the Census Bureau.) Moody's first started tracking the metric in 1999, when the typical rent-to-income ratio was 22.5 percent.

Homeownership is the largest source of wealth among families, with the median value of a primary residence worth about ten times the median value of financial assets held by families. Housing wealth (home equity or net worth) gains are built up through price appreciation and by paying off the mortgage.

1. Hawaii. Hawaii is known for its beautiful beaches, warm climate, and breathtaking scenery. However, it is also the most expensive state to buy a house, with a Zillow Home Value Index of $834,582.

Washington, D.C. has the lowest rate of homeownership of all U.S. states and territories. What state has the highest rate of homeownership? The state with the highest rate of homeownership is West Virginia with 73.9%. Washington, D.C.

Only about 7 million of California's roughly 40 million residents own their homes, the lowest rate of home ownership in the United States, according to a new study. The study, conducted by Ruby Home Luxury Real Estate, analyzed U.S. Census data to determine the rate of home ownership across the country.