Housing Research & Data
Understanding the Racial Wealth Gap Through Housing
73%
White Homeownership Rate
44%
Black Homeownership Rate
29%
Homeownership Gap
40x
More
Wealth for Homeowners
Key Research Findings
Homeownership Rates by Race
White Households
73%
Hispanic Households
49%
Black Households
44%
The 29-30 percentage point gap between White and Black homeownership has remained virtually unchanged since 1992.
Median Household Wealth by Race
White Households
$171K
Hispanic Households
$24K
Black Households
$20K
Black households possess only 15% of White household wealth, with housing being the primary driver of this disparity.
Homeowner vs Renter Wealth Comparison
$255,000
Average Homeowner Wealth
$6,300
Average Renter Wealth
Homeowners possess 40 times more wealth than renters, highlighting the critical importance of homeownership for wealth building.
Research Findings
- •29-30 percentage point homeownership gap drives wealth inequality between racial groups
- •Gap unchanged since 1992 - systemic intervention needed to address structural barriers
- •Homeowners possess 40x more wealth than renters, making homeownership critical for wealth building
- •Community land trusts show 8.2x lower foreclosure rates than conventional mortgages
- •67% of CLT residents successfully transition to market-rate homeownership