DC area among smallest homeownership race gaps

WASHINGTON — White households nationwide continue to have a significantly higher homeownership rate than minority households, but the gap in Washington is among the smallest in the nation.

A report published by Apartment List said the homeownership rate in the D.C. area is 63.7 percent for white households, compared to 43.5 percent for black households and 43.4 percent for Hispanic households.

The homeownership rate in the D.C. area among Asian households is actually higher than white households, at 64.4 percent.

The Asian household homeownership rate is higher than white households in a total of 14 metro areas.

Based on those numbers, the overall homeownership gap between white households and minority households in Washington is 15.1 percent, the fourth-smallest in the nation.

Only Miami, San Diego, and Jacksonville, Florida, have a smaller homeownership gap.

Buffalo and Rochester, New York, have the largest homeownership gaps. In Buffalo, the homeownership gap is 40.5 percent in favor of white households. The gap is 37.1 percent in Rochester.

The D.C. area’s small homeownership gap is helped by the fact that D.C. is also one of the most racially diverse cities in the nation, ranking No. 7.

You can see Apartment List’s complete Racial Divide in Homeownership report on its website.

Like WTOP on Facebook and follow @WTOP on Twitter to engage in conversation about this article and others.

© 2017 WTOP. All Rights Reserved.

Comments

Post a Comment

Popular posts from this blog

Albany Police respond to shooting at Sunchase Apartments

Image
Police said one person was hurt in a shooting in Albany Sunday night . (Source: WALB) ALBANY, GA (WALB) - Police said one person was hurt in a shooting in Albany Sunday night . According to Albany Police, the shooting happened in the parking lot of Sunchase Apartments on Hobson Street. Dispatch said the call came in at 9:42 p.m. Sunday. Police said a black man, 25, was shot in the upper body. Sunday night, police said they are searching for two black males believed to be driving a white Buick LaSaber . One of them was reportedly wearing a white shirt and the other was wearing a black shirt. Police said this is preliminary information and could change as the investigation moves forward . Copyright 2017 WALB. All rights reserved.  Report an error  |  Submit a tip to WALB News 10
Read more

UPDATE: Woodcrest apartment fire claims second life - News - Dover Post

A Felton woman has become the second victim of a deadly fire that swept the Woodcrest Arms apartment complex June 6 . Jeff Brown, News Editor A second victim of the June 6 fire at Woodcrest Arms apartment complex has died. Christina Lynn Taylor , 33, of Cedar Grove Church Road , Felton, died the afternoon of June 7 while at Crozier Chester Burn Center , Chester, Pa., said Dover Police Capt . Tim Stump. Taylor and her boyfriend had been at the apartments to help a relative move, Stump said. The boyfriend, whose name was not released, was still at the burn center, where he had been taken with life-threatening injuries after the fire. Stump also identified the first victim of the blaze as Jacqueline Wuest, 61. Wuest’s body was found in her third- floor apartment during an initial sweep of the building. The city of Dover fire marshal is continuing his investigation into the cause of the fire, Stump said. -------------- An early morning fire ripped through a building in Woodcrest Arm
Read more

Denver Home Sales Becoming Buyer's Market

Image
Denver's housing market has been red hot for the past few years, with buyers of more modest means often finding themselves priced out of properties thanks to bidding wars that routinely generate over-list offers. But as indicated by the presence of a "Price Reduced" sign on a home in a sought-after part of Centennial, as seen in the photo above, this situation may finally be about to change. Janene Russeau of Madison & Company, who's handling the South Madison Way and East Phillips Avenue house — it was originally priced at $639,000, but is currently going for $599,000 — feels that "it's turning a little bit more into a buyer's market, as opposed to a seller's market." If so, that's a big change. As recently as April, real estate agents such as Karen Mistrot, the woman behind Karen & Company Realty, were reacting to the incredible demand for new houses by way of "Coming Soon" signage for homes about to be put on the marke
Read more