Redfin Analysis: Black Millennials Are Half As Likely to Own a Home As White Millennials
That’s the largest gap of any generation, but Black Americans are much less likely to own their home than white Americans at every age.
- That’s the largest gap of any generation, but Black Americans are much less likely to own their home than white Americans at every age.
- White adult Gen Zers are nearly twice as likely as Black adult Gen Zers to own their home, with respective homeownership rates of 30% and 16%.
- Just over half (52%) of Black Gen Xers own their home, compared to 80% of white Gen Xers.
- But the racial homeownership gap persists because it has grown at a similar pace for white millennials and Gen Xers.