We updated this data tool on November 24, 2021, to further explain our methodology and to correct the following sentence: In 2019, the value of all primary residences in the US was an estimated $26.3 trillion (not $23.6 trillion).
Homeownership is a vital tool for building wealth and economic security, but households of color are less likely to own homes than white households. And on average, Black, Hispanic, and other nonwhite homeowners (excluding Asian households) typically own homes of lower value than white homeowners.
Partly because of the long history of segregation, redlining, displacement, and other discriminatory practices, accumulating wealth through homeownership is harder for many families of color. And the data bear that out.
In 2019, the value of all primary residences in the US was an estimated $26.3 trillion. White households held a disproportionate amount of that wealth, making up two-thirds of the homeowners but holding three-quarters of the primary-residence housing wealth.
This data tool and accompanying report explore cities’ aggregate housing wealth to uncover the drivers of racial and ethnic housing gaps. Search for your city below to see how housing wealth is distributed where you live.
In many large cities, households of color overall own a disproportionately small share of the primary-residence housing wealth. How doesdo and stack up?
Homeownership rates and home values play a role in determining a group’s aggregate housing wealth. Nationwide, Black, Hispanic, Asian, and other households of color hold a smaller share of housing wealth because they are less likely to own a primary residence. And on average, Black, Hispanic, and other homeowners own homes of lower value.
See how homeownership rates and home values contribute to housing wealth in versus .