CFED Scorecard

Financial Assets & Income

Outcome Measures

Income Poverty Rate

Asset Poverty Rate

Asset Poverty by Race

Asset Poverty by Gender

Asset Poverty by Family Structure

Liquid Asset Poverty Rate

Liquid Asset Poverty by Race

Liquid Asset Poverty by Gender

Liquid Asset Poverty by Family Structure

Extreme Asset Poverty Rate

Net Worth

Net Worth by Race

Net Worth by Income

Net Worth by Gender

Net Worth by Family Structure

Unbanked Households

Underbanked Households

Households with Savings Accounts

Consumers with Subprime Credit

Borrowers 90+ Days Overdue

Average Credit Card Debt

Bankruptcy Rate

Policy Priorities

Tax Credits for Working Families

State IDA Program Support

Lifting Asset Limits in Public Benefit Programs

Protections from Predatory Short-Term Loans

Additional Policies

Income Tax Threshold

Tax Burden by Income

Prize-Linked Savings

Paperless Payday

Trend Indicators

Change in Net Worth

Change in Asset Poverty

Change in Liquid Asset Poverty

Change in Consumers with Subprime Credit

Change in Average Credit Card Debt

Businesses & Jobs

Housing & Homeownership

Health Care

Education

CFED Assets & Opportunity Scorecard

Homeownership by Race

Reports & Graphics

Definition

Ratio of the homeownership rate of white, non-Hispanic households to households of color (Black or African-American; American Indian and Native Alaskan; Asian; Native Hawaiian and other Pacific Islander; Hispanic or Latino; some other race; two or more races), 2011.

Calculated by dividing the higher value by the lower value, i.e., the homeownership rate of white households divided by households of color, except in Hawaii where households of color have a higher homeownership rate.

A ratio of 1 indicates perfect equality; the higher the ratio, the greater the inequality. For example, the homeownership rate for white households in New York is 2.3 times higher than for households of color. 

Description

This measure describes the disparity in homeownership rates between white households and households of color. Homeownership is the primary means of building assets for most Americans, yet households of color have much lower homeownership rates than white households. According to the U.S. Census, in 2011 only 43% of African-Americans and 46% of Hispanics own their own homes, compared with 72% of whites.

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Homeownership by Race

State Homeownership Rate,
White Households (%)
Homeownership Rate,
Households of Color (%)
RatioRank
United States  72.0%  46.2%  1.56   
Alabama  77.0%  53.0%  1.45  17 
Alaska  67.6%  50.3%  1.34 
Arizona  69.8%  50.8%  1.37 
Arkansas  72.0%  47.5%  1.52  27 
California  63.7%  44.6%  1.43  13 
Colorado  69.4%  47.2%  1.47  20 
Connecticut  76.4%  36.8%  2.08  49 
Delaware  79.1%  53.3%  1.48  23 
District of Columbia  48.7%  35.5%  1.37 
Florida  74.3%  51.7%  1.44  15 
Georgia  74.9%  48.1%  1.56  31 
Hawaii  51.9%  58.2%  1.12 
Idaho  70.2%  56.2%  1.25 
Illinois  75.8%  47.5%  1.60  34 
Indiana  74.3%  44.3%  1.68  39 
Iowa  74.9%  42.3%  1.77  42 
Kansas  71.7%  49.1%  1.46  19 
Kentucky  72.4%  41.3%  1.75  41 
Louisiana  75.8%  49.5%  1.53  28 
Maine  71.8%  47.9%  1.50  26 
Maryland  76.9%  52.8%  1.46  18 
Massachusetts  69.0%  32.0%  2.15  50 
Michigan  77.5%  49.1%  1.58  33 
Minnesota  77.5%  38.2%  2.03  48 
Mississippi  78.6%  55.2%  1.42  11 
Missouri  72.8%  43.7%  1.67  38 
Montana  69.7%  48.5%  1.44  16 
Nebraska  70.4%  44.6%  1.58  32 
Nevada  62.7%  45.4%  1.38 
New Hampshire  72.7%  51.9%  1.40  10 
New Jersey  76.6%  42.2%  1.82  44 
New Mexico  71.6%  64.5%  1.11 
New York  66.2%  28.5%  2.32  51 
North Carolina  74.1%  48.3%  1.53  29 
North Dakota  67.8%  40.0%  1.70  40 
Ohio  72.3%  40.4%  1.79  43 
Oklahoma  71.5%  53.4%  1.34 
Oregon  63.9%  41.5%  1.54  30 
Pennsylvania  74.3%  45.6%  1.63  37 
Rhode Island  66.4%  32.8%  2.02  47 
South Carolina  77.0%  51.9%  1.48  24 
South Dakota  72.1%  37.4%  1.93  46 
Tennessee  73.0%  45.1%  1.62  36 
Texas  71.1%  53.3%  1.33 
Utah  73.1%  49.0%  1.49  25 
Vermont  72.4%  45.1%  1.60  35 
Virginia  74.0%  51.5%  1.44  14 
Washington  67.3%  45.5%  1.48  22 
West Virginia  73.5%  49.8%  1.48  21 
Wisconsin  72.0%  38.4%  1.88  45 
Wyoming  72.9%  51.1%  1.43  12 

Source

2011 American Community Survey. Washington, DC: U.S. Department of Commerce, Census Bureau, 2012.

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