US homeownership rates by race (2024)

FAQs

What is the rate of home ownership in the US by race? ›

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%.

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.

Homeowner rates by race and ethnicity

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

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

While the U.S. homeownership rate increased to 65.5% in 2021, the rate among Black Americans lags significantly (44%), has only increased 0.4% in the last 10 years and is nearly 29 percentage points less than White Americans (72.7%), representing the largest Black-White homeownership rate gap in a decade.

Foreign buyers living in the U.S. made up the lion's share of investors, buying $34.1 billion worth of U.S. homes — or 58% of the volume.

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.

Share of U.S. families who are millionaires 2016, by ethnicity. In 2016, around 15.2 percent of all White families in the United States had a net worth of one million U.S. dollars or more. This compares to only 1.9 percent of Black families.

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.

Do boomers own the most homes? ›

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.

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.

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.

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.

As of 2021, the U.S. Census Bureau counted about 83.9 million families in the United States. The average family consisted of 3.13 persons in 2021, down from 3.7 in the 1960s.

Historical discrimination through exclusionary housing policies and practices, plus a dwindling supply of housing and a variety of other factors have limited Black families from purchasing homes at the same rate as their White counterparts.

Details. In California, 36.2% of Black residents own their homes. That's the 28th best rate among all the states. South Carolina was the top state for Black homeownership at 52.5%, followed by Maryland at 51.7% and Mississippi at 51%.

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.

Chinese investors are among the top foreign purchasers of residential real estate, along with Canadians, according to the National Association of Realtors. Other states have had concerns over foreign ownership of land and have made efforts to regulate it.

According to the USDA, Chinese landowners control approximately 383,000 acres of U.S. farmland – and their investments are growing, FOX Business' Lydia Hu reported on Monday. Chinese ownership of U.S. farmland jumped more than 20-fold in a decade from $81 million in 2010 to nearly $1.9 billion in 2021.

How much US real estate is owned by China? ›

According to the U.S. Department of Agriculture's (USDA) latest report on foreign ownership of American land, from 2021, 146 Chinese investors held 383,935 acres—nearly double the 193,700 acres that comprise New York City.

Asians are the highest-earning racial and ethnic group in the U.S., on average. However, their overall prosperity conceals a wide and rapidly growing economic divide between higher- and lower-income Asians.

Indian Americans are the richest ethnic group in the United States, earning a median income of $100,547 in 2013, according to data from the U.S. Census Bureau. Compare that to $51,939, which was the median income for all Americans during the same period. Many Indian Americans are recent arrivals to the United States.

For black families, it's 1 in 50. The share of white millionaires in the United States has doubled in the past quarter-century, with 1 in 7 white families now worth more than $1 million, according to new Federal Reserve data.

Additionally, statistics show that the top 2% of the United States population has a net worth of about $2.4 million. On the other hand, the top 5% wealthiest Americans have a net worth of just over $1 million. Therefore, about 2% of the population possesses enough wealth to meet the current definition of being rich.

The states with the highest overall white populations are California (28,409,288), Texas (22,819,758), Florida (16,602,290), and New York (13,539,678). This is likely because these are the four most populous states in the U.S., and over three-quarters of the country's overall population is white.

Texas has the highest Black population in the United States of 3,936,669, about 14% of Texas's total population.

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.

How many Americans own 2 homes? ›

How Many Homes in the U.S. are Second Homes? Through our analysis we found that there are at least 2.64 million second homes in the U.S. that are for seasonal, recreational, or occasional use. How many homes are there in the United States?

Austria has the best housing system.

Housing cost in Vienna has remained around 25% of their income and they have largely avoided house price inflation.

What is the average net worth of a Baby Boomer? The average net worth of a Baby Boomer in the United States is around $1.2 million.

Approximately 85 percent of baby boomers surveyed indicated they are not planning to sell their home in the next year. The main reason, according to the survey, is that their current home meets the needs of their family. “Aging in place” is not a foreign concept to the housing market.

Millionaire LA homeowners are going out of their way to dramatically drop the prices of some multi-million dollar listings in a bid to avoid a new 'mansion tax. '

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.

Canadian investors lead this pack, by a long shot, with nearly 9.4 million acres of U.S. land — more acreage than 44 of the top 50 foreign landowners combined, according to the report. (These people own the most land in America.)

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%.

What percentage of America is debt-free? According to that same Experian study, less than 25% of American households are debt-free. This figure may be small for a variety of reasons, particularly because of the high number of home mortgages and auto loans many Americans have.

How many Americans never own a home? ›

64% of Americans own real estate. 35% of the American population does not own their own homes.

The Latino population, already the nation's largest minority group, will triple in size and will account for most of the nation's population growth from 2005 through 2050. Hispanics will make up 29% of the U.S. population in 2050, compared with 14% in 2005.

Hispanics have higher fertility than Whites both because they intend more children at the start of their reproductive lives and because they are more likely to exceed these intentions.

Fertility among Hispanic women in the United States is nearly 50 percent greater than among other Americans, and females of Mexican descent have the highest fertility rate, a Government study reported today.

For comparison, the median income for U.S. households overall is under $70,000, with only 10% of households earning more than $200,000, according to SmartAsset. Coastal states like New York and California tend to have the highest earners, while top earners in more rural states like Mississippi and Arkansas make less.

What Is the Average US Salary (2022) The national average salary is $60,575. That is the sum of all incomes divided by the number of workers. Where someone lives, their industry, education level, and current demand for that job all contribute to how much a worker earns per year.

Gambia and Senegal have the world's biggest households, with an average person living with a dozen or more family members, but living arrangements also are fairly expansive in larger countries, such as Pakistan, where the average individual experiences a household size of 8.5, Nigeria (7.7), and India (5.8).

As of 2021, White Americans are the racial majority, with non-Hispanic whites representing 59.3% of the population. Hispanic and Latino Americans are the largest ethnic minority, comprising 18.9% of the population, while Black Americans are the largest racial and the second largest ethnic minority, making up 12.6%.

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 ethnic group has the lowest income in the US? ›

In terms of broad ethnic groups, Black Americans have consistently had the lowest median income in the given years, while Asian Americans have the highest; median income in Asian American households has typically been around double that of Black Americans.

While the poverty rate for the population as a whole is 11.6% the rate varies greatly by race. Blacks have the highest poverty rate at 19.5% and Non-Hispanic whites have the lowest at 8.1%.

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.

Lower literacy rates are found mostly in South Asia and Sub-Saharan Africa. The world's largest ethnic group is Han Chinese, constituting over 19% of the global population in 2011. In terms of the largest number of native speakers, Mandarin is the world's most spoken language.

White households had the highest share of secured debt in 2019. Fifty-six percent of white households own some combination of home, business, or vehicle debt. Black households have the lowest share, with 44.6% of households owning secured debt.

1. Saudi Cup: $20 million. The richest race in the world is an upstart that's only been in existence since 2020.

Overall, the highest percentage of Americans (16.5%) have an income between $50,000-$74,999. With the second and third highest percentages being those who make between $75,000-$99,999 (12.2%) and $100,000-$149,000 (15.3%).

In 2010, it allowed him to purchase the Bell Ranch, 290 000 acres of land in New Mexico, and as a result jumping Ted Turner as America's largest landowner. Just between John Malone and Ted Turner they own over 50 percent of the amount of land that African America owns as a whole.

America's Top Landowners Revealed. With a total size of roughly 3.5 million square miles, the US is the third-largest country in the world by landmass, behind only China and Russia. Of all the land, the federal government owns more than 25%.

What family owns the most land in the US? ›

1. EMMERSON FAMILY. The nation's largest private landowners, California's Emmerson family, are a prime example of this trend. Through their Sierra Pacific Industries, the Emmersons increased their landholdings by more than 100 square miles to over 2.4 million acres.