Black Homeownership Rate Disparity Wider Than a Decade Ago
- Last decade saw 10.5 million more homeowners across US
- Black homeownership rate still trails below other groups’
Black Americans saw homeownership advance at 44.1%, their rate is notably lower than that for Asian, Hispanic and White Americans.
Photographer: James MacDonald/BloombergThis article is for subscribers only.
Significantly more Americans own a home now than a decade ago, but the disparity between Black homeownership rates and those of other racial and ethnic groups has grown wider, according to the National Association of Realtors.
Overall, US homeownership increased over the decade to 2022, with 10.5 million more homeowners across the country, the study by the trade group found, drawing on Census data. Asian Americans experienced the sharpest increase over the period, with ownership rates soaring to a historic high of 63.3%. Hispanic Americans saw a gain of 3.2 million households, to reach a new peak of 51.1%.