Housing Equality & Policy
Race & Real Estate
Minneapolis, Milwaukee & Salt Lake City Have the Lowest Black Homeownership Rates in the U.S., With Just One-Quarter of Black Families Owning Their Home
Even in Washington, DC, which has the highest Black homeownership rate in the U.S., just 51% of Black families own their home, versus more than 70% of white families. In Minneapolis, Milwaukee and Salt Lake City, just one-quarter of Black families own their homes.
Redlining’s Legacy of Inequality: $212,000 Less Home Equity, Low Homeownership Rates For Black Families
Half a century after it was outlawed, the discriminatory housing practice of redlining continues to create a racial wealth gap across the U.S.
Income Gains and Rent Increases Follow Rail Transit
Improving transit access to a neighborhood does not lead to a significant decrease in minority populations, even as incomes and rents rise faster than similar neighborhoods without convenient transit.
A Typical African American Family Could Afford Just 25 Percent of Homes for Sale Last Year, Down from 39 Percent in 2012
Fewer than one in 10 homes for sale last year were affordable to African American households in San Francisco, Los Angeles, Seattle, Denver and Boston.
Survey: 38% of Homebuyers and Sellers Are Hesitant to Move to a Place Where They’d Be in the Political Minority
We surveyed homebuyers about sentiments related to race and politics during the buying experience.
Race Gaps in Homeownership Rates and Home Equity Have Widened During the Decade-Long Economic Expansion
Just 40.6% of black Americans own homes, compared to more than 73% of white Americans. And black Americans have seen significantly smaller home-equity gains since 2010.
The Price of Racial Bias: Homes in Black Neighborhoods Are Valued at an Average of $46,000 Less Than Similar Homes in White Neighborhoods
Compared with homes in primarily white neighborhoods, homes in primarily Black areas have consistently been valued at tens of thousands of dollars less over the
Black Homeowners Earned $59,000 in Home Equity in 2020, Compared With $50,000 for White Homeowners
But even with the substantial home-equity uptick, Black Americans who bought in 2019 still have a median of $89,000 in equity, much lower than $113,000
The Suburbs Have 15% More People of Color Than a Decade Ago Versus 5% More White People, Likely Contributing to Democrats’ 6-Point Suburban Gain in 2020
Home-value growth has accelerated in suburbs and flatlined in cities, and suburban housewives have become more rare. The American suburbs have become more racially and
42% of Americans Are Hesitant to Move to a Place Where They’d Be in the Political Minority, Up From 32% in June
The share of people who are hesitant to relocate to an area where they’d be in the racial, ethnic or religious minority also increased—to 28%
Black Homebuyers Face Steeper Price Increases, Sharper Declines in Homes for Sale than White Homebuyers During the Pandemic
Black homebuyers, who are less likely than their white counterparts to have jobs that can be done remotely, face higher home prices as white homebuyers move to more affordable suburbs.
Milwaukee, San Francisco and Detroit Top the List of Places Where Black Homebuyers Are More Likely to Be Denied a Home Loan
Nationwide, 15.9% of Black Americans who apply for mortgages are rejected, compared with just 7% of white Americans. The gap is even wider in Milwaukee, San Francisco, Detroit and Chicago.
