Minority Homeownership Rates Climbed In The 1990s
June 27, 2001
The strong economy of the past decade helped blacks, Hispanics and other minorities to buy and move into their own homes in greater numbers, according to 2000 Census data released for 15 states and the District of Columbia. States with large urban centers and established minority communities saw some of the biggest increases.
- Of the data released thus far, only Indiana and Vermont saw slight declines in minority homeownership rates -- although the actual number of minority homeowners increased.
- In Illinois, 46 percent of homes headed by minorities -- defined as those other than non-Hispanic whites -- were owner-occupied last year, up from about 40 percent in 1990.
- In Chicago, 52 percent of non-Hispanic whites, 40 percent of Hispanics and 37 percent of blacks owned their own homes in 2000.
- Nationally, 66 percent of the country's 105.5 million occupied housing units were lived in by the owner, regardless of race -- up from 64 percent a decade ago.
Source: Associated Press, "Minority Ownership of Homes Increases," Washington Times, June 27, 2001.
Browse more articles on Tax and Spending Issues