Austin’s minority homeownership gap smaller than national average

A new report from Construction Coverage finds that, while Austin’s minority homeownership gap remains significant, it is smaller than the nationwide average. The study, which examines disparities in homeownership across the country, found that 51.3 percent of minority households in the Austin-Round Rock-San Marcos metro area own their homes, compared to 64 percent of white households – a gap of 12.7 percentage points. Nationally, the gap between white and minority homeownership has remained above 20 percentage points for more than two decades, with the Black-white homeownership divide wider today than it was in the 1960s. The report highlights disparities by race, noting that Asian and Pacific Islander households have the highest homeownership rate at 63.3 percent, while Hispanic and Black households have the lowest at 51 and 45 percent, respectively. The full report, which examines homeownership trends across the 100 largest U.S. metro areas and all 50 states, is available online.