Black Homeownership Trends
Historical and Current Gap
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In the 1960s, Black homeownership began to increase following the passage of the Fair Housing Act in 1968, but today's Black homeownership rate is lower than during that era. In recent years, the Black homeownership rate has dropped, now creating a 30-percentage-point gap compared to White homeownership rates, even wider than the gap in 1968​
Economic and Policy Barriers:
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Discriminatory practices like redlining and limited access to quality credit have kept Black homeownership rates low. Many predominantly Black neighborhoods, marked by historical redlining, continue to show decreased home values and lower rates of appreciation. As a result, Black households see less wealth accumulation from homeownership, widening the racial wealth gap​
Recent Impacts: ​
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Black homeownership has been slowest to recover after the 2008 financial crisis. In fact, if Black homeownership rates had returned to their 2000 levels, the U.S. would see about 770,000 more Black homeowners today​
