Albuquerque, New Mexico, Rounds Out Top 5 Cities Seeing Increase In Black Homeownership

In some regions of the U.S. with large non-white populations, Black homeownership is higher, but that isn’t always the case. For example, New York City has a large minority population, but the Big Apple has the second lowest non-white homeownership rate in the U.S. at just 33.1 percent. North Dakota, with a non-white homeownership rate of 31.6 percent, has the lowest rate in the country.

Still, some U.S. cities are defying the national trend of extremely low Black homeownership, and are showing an increase in home ownership by Blacks.

Photo by National Cancer Institute on Unsplash

Construction Coverage recently analyzed data released by the U.S. Census Bureau, showing the cities with the highest and lowest locations of homeownership by race. The data in the report was categorized by race. 

Census data also shows that homeownership is on the rise in 10 specific regions. These regions include:

  • Columbus, Ohio
  • Providence, RI
  • Houston, TX
  • Tampa-Clearwater, FL
  • Albuquerque, NM
  • Dayton, Ohio
  • Virginia Beach-Norfolk-Newport News, VA
  • Baltimore-Towson, MD
  • Buffalo-Niagara Falls, NY
  • Louisville, KY
  • Tulsa, OK
  • Charlotte, NC
  • Fresno, CA
  • Cincinnati, Ohio
  • Syracuse, NY 

High Rates of Black Homeownership

According to the data provided, Black homeownership is highest in Philadelphia at 48 percent, despite recent reports from the Federal Reserve Bank of Philadelphia that rates of ownership are declining. Black homeownership in Philadelphia was higher than 50 percent before the real estate bust in 2007. Experts cite white flight and access to inexpensive properties as a factor in Philadelphia’s Black homeownership rates being higher than other locations.

Read full story at Finurah here.

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