5 Statistics about the State of Hispanic Homeownership in the U.S.

by Donna VanNess

In celebration of National Hispanic Heritage Month, we have compiled 5 facts about the state of Hispanic homeownership in the United States. These statistics have been compiled from NAHREP’s 2019 State of Hispanic Homeownership report.:  

  1. According to Freddie Mac, in 2018, 4.9 million Hispanic millennials (between the ages of 22 and 37) were “mortgage ready,” many of whom are located in Texas.   

     

2. According to the U.S. Census Bureau, between 2009 and 2019, Hispanics accounted for 40.4% of household formation growth in the United States. 

3.  According to the National Association of Home Builders, the growth of Hispanic housing contribution to GDP between 2000 and 2018 tripled from $110 billion to $371 billion dollars. 

4.  According to the U.S. Census Bureau, there was a 31.4% net growth of Hispanic household formation in 2019,  or another way to put it, an additional 435,000 households.  

5. “...it will be the Latino community’s youth, strong work ethic and desire for homeownership that will once again drive homeownership growth as the country rebounds from a post-pandemic economy.” 

Visit our Youtube channel to watch and subscribe to more statistics about the state of Hispanic homeownership for #NationalHispanicHeritageMonth. 

First-time homebuyer, Homeownership, Hispanic homeownership National Hispanic Heritage Month, Hispanic homeownership, NAHREP, Latino community, LatinX, work ethic