Black Homeownership Gap Persists Despite Increases for Other Minorities
• Black homeownership rate increased slightly to 44.1% in 2022 but remains far below White homeownership rate of 72%, widening the gap • Homeownership rates hit record highs for Asian and Hispanic groups, but Black rates continue to lag furthest behind • Affordability crisis and limited inventory disproportionately impact minority groups, especially first-time buyers • Black Americans face lower incomes, higher debt, and higher mortgage denial rates compared to Whites • Persistent systemic barriers make homeownership feel unattainable for many Black renters without generational example