Black homeownership rate saw largest annual increase in 2023 but still trails White homeownership

From GlobeNewswire: 2025-03-17 09:00:00

Hispanic Americans saw a significant increase in homeownership rates in the last decade, with 3.5 million new homeowners. Black homeowners faced higher housing cost burdens in 39 states, spending over 30% of their income on housing. The U.S. Black homeownership rate had the greatest year-over-year increase in 2023, but still lags behind White homeownership rates. The report by the National Association of Realtors explores demographics, affordability, and financing access among different racial and ethnic groups in the housing market. The overall U.S. homeownership rate increased in 2023, with 11.8 million more homeowners compared to 2013.



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