The Value Gap The Black homeownership rate remains near historic lows â these researchers have a plan to increase it to 60% Last Updated: March 11, 2021 at 10:21 a.m. Country Home ownership rate(%) Date of Information Romania 95.8: 2019 Hungary 91.7: 2019 Slovakia 91.3: 2018 Singapore 91: 2018 Cuba 90: 2014 Lithuania 89.9: 2018 Croatia 89.7: 2019 China 89.68: 2018 North Macedonia 88.7: 2017 Nepal 88.3 Homeownership in the US varies significantly by race and ethnicity. This was down from the homeownership rate of 55.2% experienced in the prior year. As income is closely linked to social status, sociologist Leonard Beeghley has made the hypothesis that "the lower the social class, then the fewer amenities built into housing." Growing racial disparities. State homeownership data are tracked by the U.S. Census Bureauâs American Community Survey, with 2018 data the latest available. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. This statistic shows the homeownership rate in the United States between 2001 to 2009 and 2010 to 2017, by income. Today the millennial homeownership rate is 43 percent, well below the rates of generation X (67 percent) and the baby boomer and silent generations (77 percent). Please do not hesitate to contact me. Quarterly Homeownership Rates by Family Income: 1994 to Present [XLSX - ⦠Then you will be able to mark statistics as favourites and use personal statistics alerts. The $38,183 median household income of black households is substantially lower than the $61,363 median household income of white households. The homeownership rate has fallen to a 50-year low. New, Figures and insights about the advertising and media world, Industry Outlook Homeownership Income Calculator Effective 5/1/2020. At the same time households with very-low income had a homeownership rate that was 37 percentage points below the rate for high-income households. Please do not save the template to your desktop, always pull a new one from the website. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Industry-specific and extensively researched technical data (partially from exclusive partnerships). Facebook: number of monthly active users worldwide 2008-2020, Smartphone market share worldwide by vendor 2009-2020, Number of apps available in leading app stores 2020, Profit from additional features with an Employee Account. facts. US 10-Year Yield Rises to Fresh 1-Year High, US Job Openings Rise Unexpectedly in January, US Initial Jobless Claims Lower than Forecasts, US Government Budget Deficit Widens Sharply, US Crude Inventories Rise More than Forecast, Dominican Republic Inflation Rate Over 9-Year High, South African Stocks End Lower, Post Weekly Loss, Spanish Stocks Hit New 1-Year High, Book Weekly Gain, Turkish Lira Cut Some Losses in Afternoon Trading. Sources. Between the second period, the homeownership rate of ⦠Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook According to data from the US Census Bureau, the homeownership rate in the US was 64.6% in 2019, down from its peak of 69% in 2004 before the 2008 financial crisis. Even as the equity in American homes increases, the number of homeowners that choose to stay put remains high. Though that figure increased to 47% for the second quarter of 2020, data from the U.S. Census Bureau shows that Black Americans still have the lowest rate of ⦠In the second quarter of 2019, the Black homeownership rate dropped to 40.6%, down seven percentage points from roughly a decade earlier. As a Premium user you get access to background information and details about the release of this statistic. This led the homeownership rate ⦠In 2019, the homeownership rate for white households fell to 73.2%, for black households, ownership decreased to 41.8%, but for Hispanic households, the rate rose to 47.4%.
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